RUN Chart
About

Sunrun Inc. designs, develops, installs, sells, owns, and maintains residential solar energy systems in the United States. It sells solar energy systems and products, such as panels and racking; and solar leads generated to customers. In addition, the company 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 4.66B
Enterprise Value 20.35B Income -2.47B Sales 2.32B
Book/sh 12.88 Cash/sh 3.10 Dividend Yield —
Payout 0.00% Employees 9751 IPO —
P/E — Forward P/E 41.89 PEG —
P/S 2.01 P/B 1.56 P/C —
EV/EBITDA 58.82 EV/Sales 8.78 Quick Ratio 0.68
Current Ratio 1.46 Debt/Eq 317.40 LT Debt/Eq —
EPS (ttm) -11.33 EPS next Y 0.48 EPS Growth —
Revenue Growth 34.90% Earnings 2026-02-26 ROA -1.01%
ROE -72.51% ROIC — Gross Margin 24.15%
Oper. Margin 0.50% Profit Margin -106.50% Shs Outstand 232.04M
Shs Float 225.87M Short Float 30.69% Short Ratio 7.26
Short Interest — 52W High 22.44 52W Low 5.38
Beta 2.38 Avg Volume 6.98M Volume 7.89M
Target Price $22.18 Recom None Prev Close $19.99
Price $20.10 Change 0.55%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$22.19
Mean price target
2. Current target
$20.10
Latest analyst target
3. DCF / Fair value
$-224.41
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$20.10
Low
$14.00
High
$27.00
Mean
$22.19

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-01-13 init Raymond James — → Market Perform —
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
2025-09-19 main JP Morgan Overweight → Overweight $23
2025-09-11 main Goldman Sachs Buy → Buy $19
2025-08-18 up RBC Capital Sector Perform → Outperform $16
2025-08-15 up GLJ Research Sell → Hold —
2025-08-14 main Wells Fargo Overweight → Overweight $14
2025-08-08 main UBS Buy → Buy $16
2025-08-07 main JP Morgan Overweight → Overweight $20
2025-08-07 main Oppenheimer Outperform → Outperform $21
2025-08-07 main BMO Capital Underperform → Underperform $10
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 25000 — — Stock Gift at price 0.00 per share. FENSTER EDWARD HARRIS Director — 2026-02-11 00:00:00 D
1 163844 3269222 — Sale at price 19.79 - 20.72 per share. FENSTER EDWARD HARRIS Director — 2026-02-11 00:00:00 D
2 250600 1273048 — Conversion of Exercise of derivative security at price 5.08 per share. FENSTER EDWARD HARRIS Director — 2026-02-11 00:00:00 D
3 50000 929741 — Sale at price 18.58 - 19.26 per share. JURICH LYNN MICHELLE Director — 2026-02-02 00:00:00 D
4 1630 30236 — Sale at price 18.55 per share. BARAK MARIA Officer — 2026-01-09 00:00:00 D
5 10858 — — Stock Gift at price 0.00 per share. ABAJIAN DANNY Chief Financial Officer — 2026-01-06 00:00:00 D
6 7190 128002 — Sale at price 17.80 per share. ABAJIAN DANNY Chief Financial Officer — 2026-01-06 00:00:00 D
7 1201 21373 — Sale at price 17.80 per share. BARAK MARIA Officer — 2026-01-06 00:00:00 D
8 6119 108905 — Sale at price 17.80 per share. DICKSON PAUL S President — 2026-01-06 00:00:00 D
9 8754 155784 — Sale at price 17.80 per share. POWELL MARY G Chief Executive Officer — 2026-01-06 00:00:00 D
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems-19.05M-5.44M0.000.00
TaxRateForCalcs0.010.000.210.27
NormalizedEBITDA209.38M-352.87M49.51M-255.46M
TotalUnusualItems-3.12B-1.16B0.000.00
TotalUnusualItemsExcludingGoodwill-3.12B-1.16B0.000.00
NetIncomeFromContinuingOperationNetMinorityInterest-2.85B-1.60B173.38M-79.42M
ReconciledDepreciation620.88M531.67M451.05M388.10M
ReconciledCostOfRevenue1.71B2.10B2.02B1.37B
EBITDA-2.91B-1.51B49.51M-255.46M
EBIT-3.53B-2.04B-401.54M-643.56M
NetInterestIncome-848.37M-652.99M-445.82M-327.70M
InterestExpense848.37M652.99M445.82M327.70M
NormalizedIncome256.96M-451.94M173.38M-79.42M
NetIncomeFromContinuingAndDiscontinuedOperation-2.85B-1.60B173.38M-79.42M
TotalExpenses2.61B3.08B2.98B2.28B
TotalOperatingIncomeAsReported-3.70B-1.98B-662.19M-666.19M
DilutedAverageShares222.22M216.64M219.16M205.13M
BasicAverageShares222.22M216.64M211.35M205.13M
DilutedEPS-12.81-7.410.80-0.39
BasicEPS-12.81-7.410.82-0.39
DilutedNIAvailtoComStockholders-2.85B-1.60B173.38M-79.42M
NetIncomeCommonStockholders-2.85B-1.60B173.38M-79.42M
NetIncome-2.85B-1.60B173.38M-79.42M
MinorityInterests1.51B1.08B1.02B901.11M
NetIncomeIncludingNoncontrollingInterests-4.36B-2.68B-849.64M-980.53M
NetIncomeContinuousOperations-4.36B-2.68B-849.64M-980.53M
TaxProvision-26.82M-12.69M2.29M9.27M
PretaxIncome-4.38B-2.70B-847.35M-971.26M
OtherIncomeExpense-2.96B-1.22B260.66M22.63M
OtherNonOperatingIncomeExpenses161.54M-63.90M260.66M22.63M
SpecialIncomeCharges-3.12B-1.16B0.000.00
ImpairmentOfCapitalAssets3.12B1.16B0.000.00
NetNonOperatingInterestIncomeExpense-848.37M-652.99M-445.82M-327.70M
InterestExpenseNonOperating848.37M652.99M445.82M327.70M
OperatingIncome-573.04M-820.64M-662.19M-666.19M
OperatingExpense901.59M983.70M960.90M910.67M
DepreciationAmortizationDepletionIncomeStatement5.36M5.37M
DepreciationAndAmortizationInIncomeStatement5.36M5.37M
Amortization5.36M5.37M
AmortizationOfIntangiblesIncomeStatement5.36M5.37M
ResearchAndDevelopment39.30M21.82M20.91M23.16M
SellingGeneralAndAdministration862.29M961.89M940.00M887.50M
SellingAndMarketingExpense617.16M740.82M745.39M622.96M
GeneralAndAdministrativeExpense245.13M221.07M194.61M264.54M
OtherGandA245.13M221.07M194.61M264.54M
GrossProfit328.55M163.06M298.71M244.48M
CostOfRevenue1.71B2.10B2.02B1.37B
TotalRevenue2.04B2.26B2.32B1.61B
OperatingRevenue2.04B2.26B2.32B1.61B
Line Item2024-12-312023-12-312022-12-312021-12-31
OrdinarySharesNumber225.66M219.39M214.18M208.18M
ShareIssued225.66M219.39M214.18M208.18M
NetDebt12.33B9.99B7.66B5.89B
TotalDebt13.02B11.09B8.76B6.87B
TangibleBookValue2.55B2.11B2.43B1.96B
InvestedCapital15.46B15.90B15.11B12.76B
WorkingCapital388.15M394.10M942.19M535.60M
NetTangibleAssets2.55B2.11B2.43B1.96B
CapitalLeaseObligations120.97M415.02M365.61M368.39M
CommonStockEquity2.55B5.23B6.71B6.25B
TotalCapitalization15.22B15.35B14.95B12.57B
TotalEquityGrossMinorityInterest4.16B6.91B8.18B7.57B
MinorityInterest1.61B1.68B1.47B1.32B
StockholdersEquity2.55B5.23B6.71B6.25B
GainsLossesNotAffectingRetainedEarnings86.81M54.68M67.11M-73.05M
OtherEquityAdjustments86.81M54.68M67.11M-73.05M
RetainedEarnings-4.28B-1.43B170.80M-2.58M
AdditionalPaidInCapital6.75B6.61B6.47B6.33B
CapitalStock23.00K22.00K21.00K21.00K
CommonStock23.00K22.00K21.00K21.00K
PreferredStock0.000.000.00
TotalLiabilitiesNetMinorityInterest15.73B13.54B11.09B8.91B
TotalNonCurrentLiabilitiesNetMinorityInterest14.40B12.05B9.93B7.90B
OtherNonCurrentLiabilities119.85M190.87M140.29M190.06M
NonCurrentDeferredLiabilities1.54B1.39B1.25B1.07B
NonCurrentDeferredRevenue1.41B1.26B1.11B968.49M
NonCurrentDeferredTaxesLiabilities137.94M122.87M133.05M101.75M
LongTermDebtAndCapitalLeaseObligation12.74B10.47B8.55B6.64B
LongTermCapitalLeaseObligation66.14M347.09M306.31M325.55M
LongTermDebt12.67B10.12B8.24B6.31B
CurrentLiabilities1.33B1.49B1.16B1.01B
CurrentDeferredLiabilities137.34M136.80M191.97M120.04M
CurrentDeferredRevenue137.34M136.80M191.97M120.04M
CurrentDebtAndCapitalLeaseObligation286.49M615.80M217.10M233.03M
CurrentCapitalLeaseObligation54.83M67.93M59.30M42.85M
CurrentDebt231.66M547.87M157.81M190.19M
OtherCurrentBorrowings231.66M547.87M157.81M190.19M
PensionandOtherPostRetirementBenefitPlansCurrent104.75M93.41M101.62M100.36M
PayablesAndAccruedExpenses805.90M642.14M644.75M558.69M
CurrentAccruedExpenses410.22M376.24M273.54M239.00M
InterestPayable115.11M92.88M63.59M38.66M
Payables395.68M265.90M371.22M319.69M
DividendsPayable41.46M35.18M32.05M31.58M
AccountsPayable354.21M230.72M339.17M288.11M
TotalAssets19.90B20.45B19.27B16.48B
TotalNonCurrentAssets18.18B18.57B17.17B14.94B
OtherNonCurrentAssets345.86M180.98M237.31M128.01M
NonCurrentDeferredAssets1.84B1.40B985.86M631.03M
NonCurrentAccountsReceivable674.89M463.61M321.06M210.32M
InvestmentsAndAdvances81.30M132.56M186.20M63.83M
LongTermEquityInvestment81.30M132.56M186.20M63.83M
GoodwillAndOtherIntangibleAssets0.003.12B4.28B4.29B
OtherIntangibleAssets7.53M12.89M
Goodwill0.003.12B4.28B4.28B
NetPPE15.23B13.27B11.16B9.61B
AccumulatedDepreciation-2.89B-2.31B-1.82B-1.38B
GrossPPE18.12B15.58B12.98B10.99B
Leases43.84M47.81M44.55M41.21M
ConstructionInProgress951.49M789.47M756.03M581.83M
OtherProperties16.89B14.50B12.02B10.24B
MachineryFurnitureEquipment233.85M249.34M159.88M130.38M
Properties0.000.000.000.00
CurrentAssets1.72B1.88B2.10B1.55B
OtherCurrentAssets202.58M262.82M146.61M44.58M
RestrictedCash372.31M308.87M212.37M232.65M
PrepaidAssets44.58M
Inventory402.08M459.75M783.90M506.82M
WorkInProcess44.21M46.34M112.02M93.00M
RawMaterials357.87M413.41M671.88M413.82M
Receivables170.71M172.00M214.25M146.04M
ReceivablesAdjustmentsAllowances-15.42M-19.04M-13.38M-11.04M
OtherReceivables6.97M4.51M8.92M9.70M
AccountsReceivable179.15M186.54M218.71M147.37M
CashCashEquivalentsAndShortTermInvestments574.96M678.82M740.51M617.63M
CashAndCashEquivalents574.96M678.82M740.51M617.63M
CashFinancial574.96M678.82M740.51M617.63M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow-3.47B-3.43B-2.86B-2.50B
RepurchaseOfCapitalStock0.00
RepaymentOfDebt-2.92B-2.69B-2.68B-1.64B
IssuanceOfDebt4.81B4.88B4.60B3.31B
IssuanceOfCapitalStock0.000.00
CapitalExpenditure-2.70B-2.61B-2.01B-1.69B
InterestPaidSupplementalData591.28M433.05M300.12M225.25M
IncomeTaxPaidSupplementalData0.000.000.000.00
EndCashPosition947.42M987.84M953.02M850.43M
BeginningCashPosition987.84M953.02M850.43M708.21M
ChangesInCash-40.42M34.81M102.59M142.22M
FinancingCashFlow3.43B3.47B3.04B2.65B
CashFlowFromContinuingFinancingActivities3.43B3.47B3.04B2.65B
NetOtherFinancingCharges1.51B1.26B1.09B946.52M
ProceedsFromStockOptionExercised18.88M22.61M32.86M36.14M
NetCommonStockIssuance0.000.00
CommonStockPayments0.00
CommonStockIssuance0.000.00
NetIssuancePaymentsOfDebt1.90B2.19B1.91B1.66B
NetShortTermDebtIssuance-19.59M
ShortTermDebtPayments-757.64M
ShortTermDebtIssuance738.05M
NetLongTermDebtIssuance1.90B2.19B1.91B1.66B
LongTermDebtPayments-2.92B-2.69B-2.68B-1.64B
LongTermDebtIssuance4.81B4.88B4.60B3.31B
InvestingCashFlow-2.70B-2.61B-2.09B-1.69B
CashFlowFromContinuingInvestingActivities-2.70B-2.61B-2.09B-1.69B
NetBusinessPurchaseAndSale0.00-5.00M-75.00M0.00
PurchaseOfBusiness0.00-5.00M-75.00M0.00
NetPPEPurchaseAndSale-2.70B-2.61B-2.01B-1.69B
PurchaseOfPPE-2.70B-2.61B-2.01B-1.69B
OperatingCashFlow-766.15M-820.74M-848.79M-817.19M
CashFlowFromContinuingOperatingActivities-766.15M-820.74M-848.79M-817.19M
ChangeInWorkingCapital-318.51M-195.28M-410.78M-485.08M
ChangeInOtherWorkingCapital152.76M106.70M227.30M78.19M
ChangeInPayablesAndAccruedExpense258.04M-165.26M104.58M100.13M
ChangeInAccruedExpense80.59M-56.47M64.12M33.20M
ChangeInPayable177.45M-108.78M40.46M66.93M
ChangeInAccountPayable177.45M-108.78M40.46M66.93M
ChangeInPrepaidAssets-772.00M-476.63M-378.81M-377.50M
ChangeInInventory57.66M324.16M-277.08M-223.77M
ChangeInReceivables-14.97M15.75M-86.76M-62.12M
ChangesInAccountReceivables-14.97M15.75M-86.76M-62.12M
OtherNonCashItems198.53M240.54M32.56M61.41M
StockBasedCompensation112.83M111.78M110.63M211.00M
AssetImpairmentCharge3.12B1.16B0.000.00
DeferredTax-26.82M-12.72M2.29M9.61M
DeferredIncomeTax-26.82M-12.72M2.29M9.61M
DepreciationAmortizationDepletion620.88M531.67M451.05M388.10M
DepreciationAndAmortization620.88M531.67M451.05M388.10M
OperatingGainsLosses-120.01M28.11M-184.90M-21.69M
GainLossOnInvestmentSecurities-120.01M28.11M-184.90M-21.69M
NetIncomeFromContinuingOperations-4.36B-2.68B-849.64M-980.53M
SEC Filings

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

Public Trades for RUN
Date User Asset Broker Type Position Size Entry Price Patterns