RUN
Sunrun Inc.

Sunrun Inc.RUN

Technology · Solar
8.79USD
+0.00%
Sep 23, 2026
RUN overview ready
Direct residential solar-plus-storage provider enabling aggregated grid services
Sunrun is a direct residential distributed-energy provider that originates, installs, finances, owns or sells rooftop solar and battery systems, and can aggregate participating customer batteries into grid-services capacity.
Narrative not measured
Distributed Energy and Household ElectrificationResidential Solar-Plus-Storage and Virtual Power PlantsPure play
Price trend is broken
Longer-term context reads damaged structure, with a near-term setup of base repair.
The tactical setup reads base repair, but the weekly structure is broken.
Fair valuation
The price broadly reflects how much growth and cash flow it delivers per turn of revenue multiple, with upside and risk reasonably balanced.
Fundamentals under pressure
Free cash flow yield is weak.
Primary risk
High leverage and associated financial risk.
Market Sep 22Filing Jun 30Price action Sep 22Research Jul 17

Conviction Level

Theme Heat has no canonical measurement for this company — a research-profile dimension, not an input to this score.

NarrativeHeatThemeHeatPriceAction1.4Valuation5.8CompanyPosition9.3
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads damaged structure, with a near-term setup of base repair.
The tactical setup reads base repair, but the weekly structure is broken.
EntryDamaged / breakdown

The technical structure itself is broken across timeframes — the weakest entry profile.

Key Financials

Market Cap
$2.1B
Avg Volume (60D)
8.4M
60 sessions
Revenue Growth YoY
+45.1%
FY2025 vs FY2024
Gross Margin
+32.1%
Trailing twelve months
Operating Margin
+2.7%
Trailing twelve months
Free Cash Flow Yield
-9.5%
Distance from 200DMA
-37.0%
Next Earnings
2026-11-05
P/E
5.3x
EV / EBITDA
105.3x
EV / Sales
4.6x
Market metrics as of Sep 22, 2026
Financial results for the period ended Jun 30, 2026
Filed balance-sheet data as of Jun 30, 2026

Fundamentals & Valuation

The available comparisons disagreed; the peers comparison is the more reliable method for this business and the others are published as dissent.
Sunrun Inc. has a Fair valuation stance because the price broadly reflects how much growth and cash flow it delivers per turn of revenue multiple, with upside and risk reasonably balanced.

Company Research

Thesis
Sunrun is a direct residential distributed-energy provider that originates, installs, finances, owns or sells rooftop solar and battery systems, and can aggregate participating customer batteries into grid-services capacity.
Opportunity
Moderate opportunity
Homeowner adoption of paired rooftop solar and batteries, driven by retail-power economics, resilience needs, electrification loads, and policy support, with aggregated battery fleets increasingly able to provide grid services.
Key risk
High leverage and associated financial risk.

Narrative & Theme

Distributed Energy and Household Electrification
Part of Residential Solar-Plus-Storage and Virtual Power Plants, with strong fit.
RUN has direct revenue exposure to the residential solar-and-storage demand cycle rather than merely supplying an input to it.
Narrative HeatNeutral5.2 / 10
This reading is no longer current (last measured 2026-08-14). It is kept until the next scheduled measurement replaces it.
Theme HeatUnavailable

Business & Markets

Technology · Solar
What they do

Sunrun Inc. designs, develops, installs, sells, owns, and maintains residential solar energy systems primarily in the United States, using a direct-to-consumer sales approach across multiple channels.

How it earns

Primarily transactional revenue from sales and ownership of solar energy systems and related products, along with service contracts.

Products & services
Residential solar energy systems
Solar panels and racking
Battery storage
Solar leads
Services to commercial developers
Customers & end markets
Residential homeowners
Commercial developers (multi-family and new homes)
Market position

Leader in the U.S. Residential solar market with a broad direct-to-consumer sales footprint.

Demand drivers
Medium cyclicality

Demand for solar installations can be influenced by economic conditions, government incentives, and energy prices.