RUN Chart
About

Sunrun Inc. designs, develops, installs, sells, owns, and maintains residential solar energy systems in the United States. The company sells solar energy systems and products, such as panels and racking; and solar leads generated to customers. It offers battery storage along with solar energy systems; and sells services to commercial developers through multi-family and new homes. Its primary customers are residential homeowners. The company markets and sells its products through direct-to-consumer approach across online, retail, mass media, digital media, canvassing, field marketing, and referral channels, as well as its partner network. It also operates distributed electricity power plants. Sunrun Inc. was founded in 2007 and is headquartered in San Francisco, California.

Fundamentals
Scroll to Statements
Sector Technology Industry Solar Market Cap 3.12B
Enterprise Value 18.86B Income 447.64M Sales 2.96B
Book/sh 13.41 Cash/sh 3.55 Dividend Yield
Payout 0.00% Employees 9059 IPO
P/E 7.77 Forward P/E 32.30 PEG
P/S 1.05 P/B 0.99 P/C
EV/EBITDA 31.46 EV/Sales 6.38 Quick Ratio 0.84
Current Ratio 1.66 Debt/Eq 297.88 LT Debt/Eq
EPS (ttm) 1.71 EPS next Y 0.41 EPS Growth
Revenue Growth 123.50% Earnings 2026-05-06 ROA -0.37%
ROE -22.06% ROIC Gross Margin 30.34%
Oper. Margin 8.40% Profit Margin 15.22% Shs Outstand 234.49M
Shs Float 226.01M Short Float 29.06% Short Ratio 5.25
Short Interest 52W High 22.44 52W Low 5.38
Beta 2.46 Avg Volume 9.51M Volume 7.77M
Target Price $21.75 Recom Buy Prev Close $12.78
Price $13.29 Change 3.99%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$21.75
Mean price target
2. Current target
$13.29
Latest analyst target
3. DCF / Fair value
$-203.41
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$13.29
Low
$12.00
High
$30.00
Mean
$21.75

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-03-10 main UBS Buy → Buy $23
2026-03-03 down Freedom Capital Markets Buy → Hold $12
2026-03-03 reit GLJ Research Sell → Sell $7
2026-03-02 main Goldman Sachs Buy → Buy $24
2026-03-02 main Mizuho Outperform → Outperform $22
2026-02-27 down GLJ Research Hold → Sell
2026-02-27 main Oppenheimer Outperform → Outperform $25
2026-02-27 down Jefferies Buy → Hold $22
2026-01-13 init Raymond James — → Market Perform
2026-01-07 main Deutsche Bank Hold → Hold $19
2025-12-02 main Morgan Stanley Equal-Weight → Equal-Weight $21
2025-11-11 main Wells Fargo Overweight → Overweight $21
2025-11-10 up Guggenheim Neutral → Buy $27
2025-10-21 main UBS Buy → Buy $26
2025-10-21 up Citigroup Neutral → Buy $26
2025-10-16 main JP Morgan Overweight → Overweight $25
2025-10-15 up BMO Capital Underperform → Market Perform $19
2025-10-13 main Susquehanna Positive → Positive $23
2025-10-08 main Goldman Sachs Buy → Buy $21
2025-10-01 up Jefferies Hold → Buy $21
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 2586 Stock Gift at price 0.00 per share. ABAJIAN DANNY Chief Financial Officer 2026-03-06 00:00:00 D
1 2229 26624 Sale at price 11.94 per share. POWELL MARY G Chief Executive Officer 2026-03-06 00:00:00 D
2 450 5397 Sale at price 11.99 per share. JURICH LYNN MICHELLE Director 2026-03-06 00:00:00 D
3 1090 13010 Sale at price 11.94 per share. DICKSON PAUL S President 2026-03-06 00:00:00 D
4 1412 16914 Sale at price 11.98 per share. ABAJIAN DANNY Chief Financial Officer 2026-03-06 00:00:00 D
5 901 10784 Sale at price 11.97 per share. STEELE JEANNA C Officer 2026-03-06 00:00:00 D
6 12500 149029 Purchase at price 11.92 per share. FERBER ALAN D Director 2026-03-03 00:00:00 D
7 6681 Stock Gift at price 0.00 per share. ABAJIAN DANNY Chief Financial Officer 2026-03-02 00:00:00 D
8 5357 66074 Sale at price 12.33 per share. POWELL MARY G Chief Executive Officer 2026-03-02 00:00:00 D
9 55507 703808 Sale at price 12.33 - 12.72 per share. JURICH LYNN MICHELLE Director 2026-03-02 00:00:00 D
Financials
Line Item2025-12-312024-12-312023-12-312022-12-31
TaxEffectOfUnusualItems0.00-19.05M-5.44M0.00
TaxRateForCalcs0.140.010.000.21
NormalizedEBITDA546.04M209.38M-352.87M49.51M
TotalUnusualItems0.00-3.12B-1.16B0.00
TotalUnusualItemsExcludingGoodwill0.00-3.12B-1.16B0.00
NetIncomeFromContinuingOperationNetMinorityInterest449.95M-2.85B-1.60B173.38M
ReconciledDepreciation725.58M620.88M531.67M451.05M
ReconciledCostOfRevenue2.06B1.71B2.10B2.02B
EBITDA546.04M-2.91B-1.51B49.51M
EBIT-179.54M-3.53B-2.04B-401.54M
NetInterestIncome-996.78M-848.37M-652.99M-445.82M
InterestExpense996.78M848.37M652.99M445.82M
NormalizedIncome449.95M256.96M-451.94M173.38M
NetIncomeFromContinuingAndDiscontinuedOperation449.95M-2.85B-1.60B173.38M
TotalExpenses3.08B2.61B3.08B2.98B
TotalOperatingIncomeAsReported-126.13M-3.70B-1.98B-662.19M
DilutedAverageShares264.46M222.22M216.64M219.16M
BasicAverageShares229.81M222.22M216.64M211.35M
DilutedEPS1.71-12.81-7.410.80
BasicEPS1.96-12.81-7.410.82
DilutedNIAvailtoComStockholders449.95M-2.85B-1.60B173.38M
NetIncomeCommonStockholders449.95M-2.85B-1.60B173.38M
NetIncome449.95M-2.85B-1.60B173.38M
MinorityInterests1.46B1.51B1.08B1.02B
NetIncomeIncludingNoncontrollingInterests-1.01B-4.36B-2.68B-849.64M
NetIncomeContinuousOperations-1.01B-4.36B-2.68B-849.64M
TaxProvision-167.22M-26.82M-12.69M2.29M
PretaxIncome-1.18B-4.38B-2.70B-847.35M
OtherIncomeExpense-53.41M-2.96B-1.22B260.66M
OtherNonOperatingIncomeExpenses-53.41M161.54M-63.90M260.66M
SpecialIncomeCharges0.00-3.12B-1.16B0.00
ImpairmentOfCapitalAssets0.003.12B1.16B0.00
NetNonOperatingInterestIncomeExpense-996.78M-848.37M-652.99M-445.82M
InterestExpenseNonOperating996.78M848.37M652.99M445.82M
OperatingIncome-126.13M-573.04M-820.64M-662.19M
OperatingExpense1.02B901.59M983.70M960.90M
DepreciationAmortizationDepletionIncomeStatement5.36M5.37M
DepreciationAndAmortizationInIncomeStatement5.36M5.37M
Amortization5.36M5.37M
AmortizationOfIntangiblesIncomeStatement5.36M5.37M
ResearchAndDevelopment36.12M39.30M21.82M20.91M
SellingGeneralAndAdministration987.30M862.29M961.89M940.00M
SellingAndMarketingExpense709.25M617.16M740.82M745.39M
GeneralAndAdministrativeExpense278.05M245.13M221.07M194.61M
OtherGandA278.05M245.13M221.07M194.61M
GrossProfit897.30M328.55M163.06M298.71M
CostOfRevenue2.06B1.71B2.10B2.02B
TotalRevenue2.96B2.04B2.26B2.32B
OperatingRevenue2.96B2.04B2.26B2.32B
Line Item2025-12-312024-12-312023-12-312022-12-31
OrdinarySharesNumber233.61M225.66M219.39M214.18M
ShareIssued233.61M225.66M219.39M214.18M
NetDebt13.87B12.33B9.99B7.66B
TotalDebt14.78B13.02B11.09B8.76B
TangibleBookValue3.13B2.55B2.11B2.43B
InvestedCapital17.82B15.46B15.90B15.11B
WorkingCapital853.45M388.15M394.10M942.19M
NetTangibleAssets3.13B2.55B2.11B2.43B
CapitalLeaseObligations86.72M120.97M415.02M365.61M
CommonStockEquity3.13B2.55B5.23B6.71B
TotalCapitalization17.55B15.22B15.35B14.95B
TotalEquityGrossMinorityInterest4.98B4.16B6.91B8.18B
MinorityInterest1.85B1.61B1.68B1.47B
StockholdersEquity3.13B2.55B5.23B6.71B
GainsLossesNotAffectingRetainedEarnings63.10M86.81M54.68M67.11M
OtherEquityAdjustments63.10M86.81M54.68M67.11M
RetainedEarnings-3.83B-4.28B-1.43B170.80M
AdditionalPaidInCapital6.90B6.75B6.61B6.47B
CapitalStock23.00K23.00K22.00K21.00K
CommonStock23.00K23.00K22.00K21.00K
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest17.63B15.73B13.54B11.09B
TotalNonCurrentLiabilitiesNetMinorityInterest16.32B14.40B12.05B9.93B
OtherNonCurrentLiabilities156.20M119.85M190.87M140.29M
NonCurrentDeferredLiabilities1.71B1.54B1.39B1.25B
NonCurrentDeferredRevenue1.55B1.41B1.26B1.11B
NonCurrentDeferredTaxesLiabilities163.18M137.94M122.87M133.05M
LongTermDebtAndCapitalLeaseObligation14.46B12.74B10.47B8.55B
LongTermCapitalLeaseObligation36.91M66.14M347.09M306.31M
LongTermDebt14.42B12.67B10.12B8.24B
CurrentLiabilities1.30B1.33B1.49B1.16B
CurrentDeferredLiabilities171.52M137.34M136.80M191.97M
CurrentDeferredRevenue171.52M137.34M136.80M191.97M
CurrentDebtAndCapitalLeaseObligation319.32M286.49M615.80M217.10M
CurrentCapitalLeaseObligation49.81M54.83M67.93M59.30M
CurrentDebt269.51M231.66M547.87M157.81M
OtherCurrentBorrowings269.51M231.66M547.87M157.81M
PensionandOtherPostRetirementBenefitPlansCurrent126.96M104.75M93.41M101.62M
PayablesAndAccruedExpenses684.72M805.90M642.14M644.75M
CurrentAccruedExpenses366.62M410.22M376.24M273.54M
InterestPayable128.71M115.11M92.88M63.59M
Payables318.09M395.68M265.90M371.22M
DividendsPayable47.07M41.46M35.18M32.05M
AccountsPayable271.02M354.21M230.72M339.17M
TotalAssets22.61B19.90B20.45B19.27B
TotalNonCurrentAssets20.45B18.18B18.57B17.17B
OtherNonCurrentAssets356.62M345.86M180.98M237.31M
NonCurrentDeferredAssets2.14B1.84B1.40B985.86M
NonCurrentAccountsReceivable921.77M674.89M463.61M321.06M
InvestmentsAndAdvances81.30M81.30M132.56M186.20M
LongTermEquityInvestment81.30M81.30M132.56M186.20M
GoodwillAndOtherIntangibleAssets0.003.12B4.28B4.29B
OtherIntangibleAssets7.53M12.89M
Goodwill0.003.12B4.28B4.28B
NetPPE16.96B15.23B13.27B11.16B
AccumulatedDepreciation-3.55B-2.89B-2.31B-1.82B
GrossPPE20.50B18.12B15.58B12.98B
Leases29.01M43.84M47.81M44.55M
ConstructionInProgress767.59M951.49M789.47M756.03M
OtherProperties19.50B16.89B14.50B12.02B
MachineryFurnitureEquipment210.68M233.85M249.34M159.88M
Properties0.000.000.000.00
CurrentAssets2.16B1.72B1.88B2.10B
OtherCurrentAssets155.22M202.58M262.82M146.61M
RestrictedCash413.46M372.31M308.87M212.37M
PrepaidAssets44.58M
Inventory501.29M402.08M459.75M783.90M
WorkInProcess44.36M44.21M46.34M112.02M
RawMaterials456.92M357.87M413.41M671.88M
Receivables262.63M170.71M172.00M214.25M
ReceivablesAdjustmentsAllowances-20.69M-15.42M-19.04M-13.38M
OtherReceivables91.76M6.97M4.51M8.92M
AccountsReceivable191.56M179.15M186.54M218.71M
CashCashEquivalentsAndShortTermInvestments823.38M574.96M678.82M740.51M
CashAndCashEquivalents823.38M574.96M678.82M740.51M
CashFinancial823.38M574.96M678.82M740.51M
Line Item2025-12-312024-12-312023-12-312022-12-31
FreeCashFlow-2.92B-3.47B-3.43B-2.86B
RepurchaseOfCapitalStock0.00
RepaymentOfDebt-2.84B-2.92B-2.69B-2.68B
IssuanceOfDebt4.66B4.94B4.92B4.60B
IssuanceOfCapitalStock0.000.00
CapitalExpenditure-2.50B-2.70B-2.61B-2.01B
InterestPaidSupplementalData741.67M591.28M433.05M300.12M
IncomeTaxPaidSupplementalData0.000.000.000.00
EndCashPosition1.24B947.42M987.84M953.02M
BeginningCashPosition947.42M987.84M953.02M850.43M
ChangesInCash289.57M-40.42M34.81M102.59M
FinancingCashFlow3.21B3.43B3.47B3.04B
CashFlowFromContinuingFinancingActivities3.21B3.43B3.47B3.04B
NetOtherFinancingCharges1.38B1.39B1.22B1.09B
ProceedsFromStockOptionExercised16.80M18.88M22.61M32.86M
NetCommonStockIssuance0.000.00
CommonStockPayments0.00
CommonStockIssuance0.000.00
NetIssuancePaymentsOfDebt1.82B2.02B2.23B1.91B
NetShortTermDebtIssuance-19.59M
ShortTermDebtPayments-757.64M
ShortTermDebtIssuance738.05M
NetLongTermDebtIssuance1.82B2.02B2.23B1.91B
LongTermDebtPayments-2.84B-2.92B-2.69B-2.68B
LongTermDebtIssuance4.66B4.94B4.92B4.60B
InvestingCashFlow-2.50B-2.70B-2.61B-2.09B
CashFlowFromContinuingInvestingActivities-2.50B-2.70B-2.61B-2.09B
NetBusinessPurchaseAndSale0.000.00-5.00M-75.00M
PurchaseOfBusiness0.000.00-5.00M-75.00M
NetPPEPurchaseAndSale-2.50B-2.70B-2.61B-2.01B
PurchaseOfPPE-2.50B-2.70B-2.61B-2.01B
OperatingCashFlow-421.44M-766.15M-820.74M-848.79M
CashFlowFromContinuingOperatingActivities-421.44M-766.15M-820.74M-848.79M
ChangeInWorkingCapital-441.72M-318.51M-195.28M-410.78M
ChangeInOtherWorkingCapital386.26M152.76M106.70M227.30M
ChangeInPayablesAndAccruedExpense4.63M258.04M-165.26M104.58M
ChangeInAccruedExpense84.69M80.59M-56.47M64.12M
ChangeInPayable-80.06M177.45M-108.78M40.46M
ChangeInAccountPayable-80.06M177.45M-108.78M40.46M
ChangeInPrepaidAssets-613.65M-772.00M-476.63M-378.81M
ChangeInInventory-99.20M57.66M324.16M-277.08M
ChangeInReceivables-119.77M-14.97M15.75M-86.76M
ChangesInAccountReceivables-119.77M-14.97M15.75M-86.76M
OtherNonCashItems307.83M198.53M240.54M32.56M
StockBasedCompensation107.95M112.83M111.78M110.63M
AssetImpairmentCharge0.003.12B1.16B0.00
DeferredTax-167.22M-26.82M-12.72M2.29M
DeferredIncomeTax-167.22M-26.82M-12.72M2.29M
DepreciationAmortizationDepletion725.58M620.88M531.67M451.05M
DepreciationAndAmortization725.58M620.88M531.67M451.05M
OperatingGainsLosses55.24M-120.01M28.11M-184.90M
GainLossOnInvestmentSecurities55.24M-120.01M28.11M-184.90M
NetIncomeFromContinuingOperations-1.01B-4.36B-2.68B-849.64M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for RUN
Date User Broker Pattern Type Position Size Entry Price Trade P&L Status