Sunrun (RUN)
Provides residential solar-and-battery subscriptions and aggregated home-to-grid power plants.
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Designs, installs, finances and services U.S. residential solar and battery systems through leases, power-purchase agreements and direct sales. Long-lived Customer Agreements generate recurring payments, while batteries support home-to-grid power plants; funding relies on tax equity, project finance and policy incentives.
Designs, installs, finances, owns, monitors, maintains and sells residential solar and battery systems across the United States. Most customers use long-term Customer Agreements—leases or power-purchase agreements—while others buy systems; recurring contract payments and incentives sit alongside energy-system and product sales. Battery storage also supplies backup and energy management, while aggregated systems participate in home-to-grid power plants.
Combines direct sales and installation with energy-system, sales, installation and strategic partners, supported by software and operating processes for design, pricing, fulfillment and service. The storage-first strategy expands battery deployment and grid services across the installed solar base.
Depends on tax equity, non-recourse debt and project equity, plus federal incentives and utility interconnection and net-metering rules. Equipment comes from a limited supplier base, while Customer Agreements carry decades-long monitoring, maintenance, insurance and performance-support obligations.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 21, 2026 | Goldman Sachs | Reiterate | Rating: —Target: $15 | Target: $13 |
| Aug 14, 2026 | Wells Fargo | Reiterate | Rating: —Target: $31 | Target: $17 |
| Aug 6, 2026 | Mizuho Securities | Target | Target: $13 | Target: $18 |
| Aug 6, 2026 | RBC Capital | Reiterate | Rating: —Target: $15 | Target: $14 |
| Aug 6, 2026 | Goldman Sachs | Reiterate | Rating: —Target: $18 | Target: $15 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $712.4M · Total debt $15.21B · Total assets $23.36B · Shareholders' equity $3.49B
- Revenue
- $870.0M
- Operating income
- $34.8M
- Net income
- −$208.2M
No dividends on record.
| Institutions | 113.14% | 272.48M shares | |
|---|---|---|---|
| 456 holders · as of Jun 30, 2026 | |||
| Insiders | 1.20% | 2.90M shares | |
| 12 holders · as of Aug 4, 2026 | |||
| Adds to | 114.34% | ||
240.85M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 114.34%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 17.18% | 41.37M | as of Jun 30, 2026 |
Goldman Sachs Group IncInstitution | 7.97% | 19.19M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 5.68% | 13.68M | as of Jun 30, 2026 |
Greenvale Capital LLPInstitution | 5.52% | 13.30M | as of Jun 30, 2026 |
Point72 Asset Management, L.P.Institution | 4.78% | 11.50M | filed Jun 27, 2025 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 3, 2026 | Lynn Michelle Jurich | director | −50,000 | $9.96 |
| Jul 9, 2026 | Maria Barak | officer: Chief Accounting Officer | −3,278 | $12.17 |
| Jul 6, 2026 | Danny Abajian | officer: Chief Financial Officer | −16,495 | $13.19 |
| Jul 6, 2026 | Maria Barak | officer: Chief Accounting Officer | −1,747 | $13.17 |
| Jul 6, 2026 | Paul S. Dickson | officer: Pres. & Chief Revenue Officer | −15,613 | $13.18 |
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CompareAfter hours
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Sunrun | $8.78 | −0.11% | $2.10B | 5.9 | 13.8 | 0.6 | +52.8% |
| Tesla | $378.58 | −0.08% | $1.48T | 347.5 | 183.8 | 14.3 | +25.5% |
| SunPower | $0.3167 | +0.06% | $53.0M | — | — | 0.2 | −20.1% |
| Enphase Energy | $34.50 | +0.26% | $4.59B | 34.8 | 17.7 | 3.5 | −19.6% |
| SolarEdge Technologies | $36.08 | +0.06% | $2.17B | — | 129.9 | 1.6 | +19.6% |
| Generac | $206.22 | +0.06% | $12.07B | 47.2 | 20.0 | 2.7 | +10.6% |
| Median | 47.2 | 74.9 | 2.7 | +10.6% |