Saturday 10 October 2026
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Sunrun Inc.
RUN Technology Solar
Sunrun Inc.’s revenue for fiscal 2025 (year ended December 2025) was $3.0 billion, up 45.1% from fiscal 2024. In the quarter to June 2026, revenue grew 52.8%, EPS fell 60.7%, free cash flow grew 37.1% and total debt rose 7.80%, each against the same quarter a year earlier. Operating cash flow growth for three consecutive years; insiders bought in the last twelve months.
7.64
0.05
+0.66%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | 4.15 | 4.21 | 5.08 | 9.56 | 7.84 | 30.27 | 16.80 | 8.43 | 9.01 | 5.38 |
Analyst estimates 2026–2028 Powerpack |
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| High | 11.49 | 7.78 | 16.45 | 21.42 | 82.42 | 100.93 | 39.13 | 29.72 | 22.26 | 22.44 | |||||
| People | |||||||||||||||
| People | Employees | 3,020 | 3,260 | 4,400 | 4,800 | 8,500 | 11,383 | 12,408 | 10,833 | 11,058 | 9,059 | ||||
| Revenue/emp, $m | 0.16 | 0.16 | 0.17 | 0.18 | 0.11 | 0.14 | 0.19 | 0.21 | 0.18 | 0.33 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | 477 | 533 | 760 | 859 | 922 | 1,610 | 2,321 | 2,260 | 2,038 | 2,957 | ||||
| Gross margin, % | 17.50 | 17.27 | 29.61 | 24.78 | 19.37 | 15.19 | 12.87 | 7.22 | 16.12 | 30.34 | |||||
| EBT | (265) | (275) | (251) | (399) | (688) | (971) | (847) | (2,696) | (4,382) | (1,176) | |||||
| EBT margin, % | (55.45) | (51.69) | (33.01) | (46.50) | (74.55) | (60.33) | (36.50) | (119.28) | (215.05) | (39.78) | |||||
| Net income | (321) | (288) | (260) | (391) | (627) | (981) | (850) | (2,683) | (4,355) | (1,009) | |||||
| Depreciation | 98 | 129 | 156 | 187 | 243 | 388 | 451 | 1,690 | 3,743 | 726 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | 4.66 | 5.05 | 6.90 | 7.38 | 6.61 | 7.85 | 10.98 | 10.43 | 9.17 | 12.87 | ||||
| Earnings | 0.90 | 1.18 | 0.24 | 0.23 | (1.24) | (0.39) | 0.82 | (7.41) | (12.81) | 1.96 | |||||
| Cash flow | (1.96) | (0.91) | (0.57) | (1.76) | (2.28) | (3.98) | (4.02) | (3.79) | (3.45) | (1.83) | |||||
| Capex | (6.75) | (7.37) | (7.37) | (7.22) | (6.95) | (8.22) | (9.52) | (12.04) | (12.15) | (10.88) | |||||
| Free cash flow | (8.70) | (8.28) | (7.94) | (8.98) | (9.22) | (12.20) | (13.53) | (15.83) | (15.60) | (12.71) | |||||
| Book value | 9.03 | 11.77 | 11.65 | 11.44 | 48.20 | 34.02 | 35.81 | 28.79 | 15.93 | 18.60 | |||||
| Shares, m | 102 | 105 | 110 | 116 | 140 | 205 | 211 | 217 | 222 | 230 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 6.35 | 5.06 | 43.56 | 60.04 | 0.00 | 0.00 | 28.88 | 0.00 | 0.00 | 9.39 | ||||
| P/S | 1.20 | 1.17 | 1.58 | 1.87 | 10.50 | 4.37 | 2.13 | 1.87 | 1.01 | 1.43 | |||||
| P/B | 0.62 | 0.50 | 0.93 | 1.21 | 1.44 | 1.01 | 0.65 | 0.68 | 0.58 | 0.99 | |||||
| EV/Sales | 2.94 | 3.41 | 3.94 | 4.47 | 15.30 | 8.08 | 5.47 | 6.30 | 6.91 | 5.99 | |||||
| EV/FCF | (1.57) | (2.08) | (3.42) | (3.67) | (10.96) | (5.20) | (4.44) | (4.15) | (4.06) | (6.06) | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | (200) | (96) | (62) | (204) | (318) | (817) | (849) | (821) | (766) | (421) | ||||
| Capex | (691) | (777) | (811) | (841) | (970) | (1,686) | (2,011) | (2,608) | (2,701) | (2,500) | |||||
| Free cash flow | (891) | (873) | (874) | (1,045) | (1,288) | (2,503) | (2,860) | (3,429) | (3,467) | (2,922) | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | 125 | 106 | 89 | 204 | 236 | 536 | 942 | 394 | 388 | 853 | ||||
| Total debt | 1,049 | 1,434 | 2,096 | 2,596 | 5,133 | 6,828 | 8,705 | 11,019 | 12,968 | 14,727 | |||||
| Net debt | 831 | 1,192 | 1,792 | 2,233 | 4,425 | 5,978 | 7,753 | 10,031 | 12,020 | 13,490 | |||||
| Shareholders’ equity | 924 | 1,241 | 1,283 | 1,331 | 6,729 | 6,978 | 7,569 | 6,238 | 3,540 | 4,275 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | 2.38 | 3.33 | 0.61 | 0.50 | (1.72) | (0.51) | 0.97 | (8.08) | (14.11) | 2.12 | ||||
| ROIC | (6.84) | (4.65) | (2.48) | (3.78) | (2.61) | (3.21) | (2.70) | (7.60) | (14.84) | (0.44) | |||||
| ROE | 9.49 | 11.59 | 2.11 | 2.01 | (4.30) | (1.16) | 2.38 | (23.24) | (58.22) | 11.52 | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
Sunrun Inc. vs peers in Solar (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| NXT Nextpower Inc. | $12.9B | 21.6× | 35.6× | +8.21% (above 0%: growing) | +3.77% (above 0%: growing) | +50.09% (above 0%: growing) | 35.91% | 20.41% | Compare |
| ENPH Enphase Energy, Inc. | $4.4B | 32.1× | 194× | −19.63% (below 0%: shrinking) | −3.57% (below 0%: shrinking) | +41.15% (above 0%: growing) | 59.97% | 17.65% | Compare |
| SEDG SolarEdge Technologies, Inc. | $2.0B | — (loss-making) | — (loss-making) | +19.63% (above 0%: growing) | n/m | +196.82% (above 0%: growing) | 27.48% | (4.63%) | Compare |
| RUN Sunrun Inc. | $1.8B | 4.5× | 10.8× | +52.81% (above 0%: growing) | −60.66% (below 0%: shrinking) | +37.10% (above 0%: growing) | 37.73% | 4.00% | |
| SHLS Shoals Technologies Group, Inc. | $1.4B | 46.3× | 42.0× | +47.39% (above 0%: growing) | −12.50% (below 0%: shrinking) | +99.01% (above 0%: growing) | 30.31% | 11.46% | Compare |
| DQ DAQO New Energy Corp. | $725.4M | — (loss-making) | — (loss-making) | −16.67% (below 0%: shrinking) | n/m | −60.43% (below 0%: shrinking) | (132.00%) | (156.53%) | Compare |
| ARRY Array Technologies, Inc. | $577.5M | — (loss-making) | 43.9× | −5.57% (below 0%: shrinking) | −73.68% (below 0%: shrinking) | +205.42% (above 0%: growing) | 29.12% | 10.16% | Compare |
| JKS JinkoSolar Holding Company Limited | $435.3M | — (loss-making) | — (loss-making) | −27.48% (below 0%: shrinking) | n/m | +78.73% (above 0%: growing) | 4.15% | (11.62%) | Compare |
| TOYO TOYO Co., Ltd. | $186.3M | 3.8× | 6.7× | — | +666.67% (above 0%: growing) | +139.07% (above 0%: growing) | 31.28% | 19.08% | Compare |
| Median of peers | $1.1B | 26.9× | 42.0× | −5.57% | −3.57% | +88.87% | 29.72% | 10.81% |
Sunrun Inc. (RUN) key facts
- Strength: Sunrun Inc.’s revenue for fiscal 2025 (year ended December 2025) was $3.0 billion, up 45.1% from fiscal 2024.
- Sunrun Inc. (RUN) is a Solar company in the Technology sector, listed on Nasdaq.
- As of October 9, 2026, RUN traded at $7.64, a market capitalization of $1.8 billion.
- Return on equity was 11.5% and debt-to-equity 3.46.
- Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 0.06 (distress zone) for fiscal 2025.