Sunrun stock analysis 2026 | Price, valuation & outlook

Sunrun

NasdaqGS:RUN

$ 12,60

+ $0,18 (1,45%)

12,60 $

+$0,18 (1,45%)

End-of-day quote: 03/27/2026

Sunrun Stock Value

Analysts currently rate Sunrun as Outperform.

Outperform

Sunrun Company Info

EPS Growth 5Y

44,65%

Market Cap

$2,96 B

Long-Term Debt

$14,42 B

Short Interest

5,25%

Quarterly earnings

05/07/2026 (E)

Dividend

$0,00

Dividend Yield

0,00%

Founded

2007

Industry

Utilities

Country

United States

ISIN Number

US86771W1053

Website

http://www.sunrun.com

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

$23,00

82.54%

Last Update: 03/28/2026

Analysts: 20

Highest Price Target $30,00

Average Price Target $23,00

Lowest Price Target $12,00

In the last five quarters, Sunrun’s Price Target has fallen from $15,79 to $15,29 - a -3,17% decrease. Eight analysts predict that Sunrun’s share price will increase in the coming year, reaching $23,00. This would represent an increase of 82,54%.

Top growth stocks in the utilities sector (5Y.)

What does Sunrun do?

Sunrun Inc. (Sunrun) engages in the design, development, installation, sale, ownership and maintenance of residential solar energy and battery storage systems (Projects) in the United States. Sunrun acquires customers directly and through relationships with various solar and strategic partners (‘Partners’). The Projects are constructed either by Sunrun or by Sunrun’s Partners and are mostly owned by the company. Sunrun’s customers enter into an agreement to utilize the solar energy system (the...

Sunrun Inc. (Sunrun) engages in the design, development, installation, sale, ownership and maintenance of residential solar energy and battery storage systems (Projects) in the United States.

Sunrun acquires customers directly and through relationships with various solar and strategic partners (‘Partners’). The Projects are constructed either by Sunrun or by Sunrun’s Partners and are mostly owned by the company. Sunrun’s customers enter into an agreement to utilize the solar energy system (the ‘Customer Agreement’), which typically has an initial term of 20 or 25 years. Sunrun monitors, maintains and insures the Projects during the term of the Customer Agreement. The company also sells battery storage along with the solar energy systems and products, such as panels and racking and solar leads generated by customers.

The company has formed various subsidiaries (‘Funds’) to finance the development of Projects. These Funds, structured as limited liability companies, obtain financing from outside investors and purchase Projects from Sunrun under master purchase. The company utilizes the legal structure for its investment Funds, which are referred to as partnership-flips.

Sunrun is the nation’s leading provider of clean energy as a subscription service, offering residential solar and storage with no upfront costs. Sunrun’s innovative products and solutions can connect homes to the cleanest energy on earth, providing them with energy security, predictability, and peace of mind. Sunrun also manages energy services that benefit communities, utilities, and the electric grid while enhancing customer value.

The company provides clean, solar energy typically at savings compared to traditional utility energy. The company’s primary customers are residential homeowners. The company also offers battery storage along with solar energy systems to its customers in select markets and sell its services to certain commercial developers through its multi-family and new homes offerings. The company’s scalable operating platform provides it with a number of unique advantages. First, the company is able to drive distribution by marketing its solar service offerings through multiple channels, including its diverse partner network and direct-to-consumer operations.

The company’s core solar service offerings are provided through its lease and power purchase agreements, which refers to as Customer Agreements, and which provide customers with simple, predictable pricing for solar energy that is insulated from rising retail electricity prices.

While customers have the option to purchase a solar energy system outright from the company, most of its customers choose to buy solar as a service from it through its Customer Agreements without the significant upfront investment of purchasing a solar energy system. With its solar service offerings, the company installs solar energy systems on its customers’ homes and provide them with the solar power produced by those systems for typically a 20- or 25-year initial term. In addition, the company monitors, maintains, and insures the system during the term of the contract. In exchange, the company receives predictable cash flows from high credit quality customers and qualify for tax and other benefits. The company develops valuable customer relationships that can extend beyond this initial contract term and provide it an opportunity over time to integrate additional solar, battery storage, electrification and distributed power plant offerings into a smart solution for each home and community. The company’s platform provides the support for its multi-channel model, which drives broad customer reach and capital-efficient growth.

Delivering a differentiated customer experience is core to the company’s strategy. The company emphasizes a customized solution, including a design specific to each customer’s home and pricing configurations that typically drive both customer savings and value to the company.

The company has experienced substantial growth in its business and operations through its acquisition of Vivint Solar on October 8, 2020. As of December 31, 2024, the company operated the largest fleet of residential solar energy systems in the United States. The company has a Networked Solar Energy Capacity of 7,531 megawatts as of December 31, 2024, which represents the aggregate megawatt production capacity of its solar energy systems that have been recognized as deployments.

Multi-Channel Capabilities

The company’s unique, multi-channel capabilities offer consumers a compelling solar service through scalable, cost-effective and consumer-friendly channels. Customers can access the company’s products through three channels: direct-to-consumer, solar partnerships and strategic partnerships.

Direct-to-Consumer

The company sells solar service offerings and install solar energy systems for customers through its direct-to-consumer channel. These solar energy systems are offered to customers either under a Customer Agreement or for purchase. This channel consists of an online lead generation function, a telesales and field sales team, a direct-to-home sales force, a retail sales team and an industry-leading installation organization.

Solar Partnerships

The company contracts with diverse solar organizations that act as either exclusive or non-exclusive (depending on the terms of their contract with the company) distributors of its solar service offerings and subcontractors for the installation of the related solar energy systems. The company’s solar partners include:

Solar Integrators: Trained and trusted partners who originate customers for the company’s solar service offerings and procure and install the solar energy systems on its customers’ homes on its behalf as its subcontractors. Partnerships with solar integrators allow the company to expand its brand, quickly enter new markets and drive capital-efficient growth. The company compensates its solar integrators on a per solar energy system basis for generating Customer Agreements and the installation work they perform for the company.

Sales Partners: Sales and lead generation partners who provide the company with high-quality leads and customers at competitive prices. The company typically compensates its sales partners on a per customer basis for the sales and lead generation services they perform for it.

Installation Partners: Trusted installation partners who procure and install a subset of the company’s solar energy systems as the company’s subcontractors and allow the company to deploy a mix of in-house and outsourced installation capabilities more efficiently. The company compensates its installation partners on a per solar energy system basis for the procurement of materials, and installation work they perform for it. Installation partners are solely the company's subcontractors, and do not enter into any agreements with the company's customers.

The company’s ability to connect specialized sales and installation firms on a single platform, which the company licenses to its solar partners at no cost, allows the company to enjoy the benefits of vertical integration without the additional fixed cost structure. This creates margin opportunities, system efficiencies and benefits from network effects in matching these ecosystem participants.

Strategic Partnerships

The company's strategic partnerships encompass relationships with new market entrants not previously engaged in solar, including consumer marketing, retail, and specialized energy retail companies. The company's strategic partners find the residential solar market attractive but recognize that significant barriers to entry make partnerships the preferred method to reach solar customers. Through these strategic arrangements, the company typically markets its solar service offerings to the strategic partner’s customer base, and installs the solar energy systems directly, or through one of the company's solar partners. The company manages the customer experience and retains the value of the economic relationship through the term of the customer’s contract, and potential renewal period.

Sales and Marketing

The company sells its solar energy offerings through a scalable sales organization using both a direct-to-consumer approach across online, retail, mass media, digital media, canvassing, field marketing and referral channels, as well as its diverse partner network. The company sells to customers over the phone, online, in the field through canvassing and in-home sales and through its strategic retail sales partnerships. The company also partners with sales-only organizations that focus on direct-to-consumer marketing and sales on its behalf, typically with a Sunrun-branded offering at point of sale, which further increases its brand and reach. The company also generates sales volume through customer referrals. Customer referrals increase in relation to the company’s penetration in a market and shortly after market entry become an increasingly effective way to market its solar energy systems.

Intellectual Property

As of December 31, 2024, the company had 61 issued patents and 11 filed patent applications in the United States relating to a variety of aspects of its solar solutions. The company’s issued U.S. patents will expire 20 years from their respective filing dates, with the earliest expiring in 2029. The company intends to file additional patent applications as it continues to innovate through its research and development efforts.

Government Regulation

The company's operations are subject to stringent and complex federal, state, and local laws, including regulations governing the occupational health and safety of its employees, and wage regulations. For example, the company is subject to the requirements of the federal Occupational Safety and Health Act, as amended (OSHA), the U.S. Department of Transportation (DOT), and comparable state laws that protect and regulate employee health and safety.

In Puerto Rico, the company is subject to regulation as an electric power company by the Puerto Rico Energy Bureau and are required to comply with certain filing, certification, reporting and annual fee requirements.

History

Sunrun Inc. was founded in 2007.

Sunrun Questions and Answers

Which sectors generate sales and which are the top 3 markets?

**Industry Revenues:** - Solar panel installation: approx. 70% - Solar panel financing: approx. 20% - Maintenance and service offerings: approx. 10% **TOP 3 Markets:** - California: approx. 40% - Texas: approx. 15% - Florida: approx. 10% Sunrun Inc. generates the majority of its revenues from sola...

At which locations are the company’s products manufactured?

**Production Sites:** No proprietary production facilities Sunrun Inc. is primarily engaged in the installation and financing of solar systems and does not own any production facilities for solar modules or components. The company sources its products from various third-party providers and manufact...

What strategy does Sunrun pursue for future growth?

**Revenue Growth:** 18% (2024, estimated) **Market Share in the USA:** 15% (2024, estimated) Sunrun Inc. pursues a growth strategy that strongly focuses on expanding its market presence and improving its technological offerings. The company plans to further expand its installation capacities in...

Which raw materials are imported and from which countries?

**Main materials:** Solar modules, batteries, inverters **Countries of origin:** - **Solar modules:** China, Malaysia, Vietnam - **Batteries:** South Korea, Japan, China - **Inverters:** Germany, China, USA Sunrun Inc., as a leading provider of solar solutions, mainly imports solar modules, batter...

How strong is the company’s competitive advantage?

**Market Share:** 13% (2024, estimate) **Customer Growth:** 18% (2024) **Installed Capacity:** 4.5 GW (2024) Sunrun Inc. is one of the leading providers in the solar energy sector in the USA. The company has a significant competitive advantage due to its strong market position and continuous expans...

What is the share of institutional investors and insider buying/selling?

**Institutional Investor Share:** 70% (estimated for 2025 based on historical data) **Insider Buys/Sells:** No specific data available for 2025, but historically low activity. The institutional investor share at Sunrun Inc. has been around 70% in the past. This suggests that a significant number o...

What percentage market share does Sunrun have?

**Market share of Sunrun Inc.:** 12% (estimated for 2025) **Top competitors and their market shares:** 1. **Tesla Energy:** 18% 2. **Sunrun Inc.:** 12% 3. **Vivint Solar (part of Sunrun):** 10% 4. **SunPower Corporation:** 9% 5. **First Solar:** 7% 6. **Enphase Energy:** 6% 7. **Sunnova Energy Inte...

Is Sunrun stock currently a good investment?

**Revenue Growth:** 18% (2024) **Installed Solar Capacity:** 4.8 GW (2024) **Market Share in the USA:** 15% (2024) Sunrun Inc. recorded a revenue growth of 18% in 2024, attributed to the increasing demand for solar energy and the growing acceptance of renewable energies. The company has increased i...

Does Sunrun pay a dividend – and how reliable is the payout?

**Dividend:** No payout (as of 2023) Sunrun Inc. currently does not pay a dividend to its shareholders. The company has focused on investing its resources in the growth and expansion of its business, especially in the field of solar technology and renewable energies. As Sunrun operates in a growth...

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Sunrun Stock Value

Sunrun Company Info

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the utilities sector (5Y.)

What does Sunrun do?

Sunrun Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

New support ticket

Explore

Sunrun Stock Value

Sunrun Company Info

Analyst Price Target The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the utilities sector (5Y.)

What does Sunrun do?

Sunrun Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.