Sunrun (NASDAQ:RUN) Releases Earnings Results, Beats Estimates By $0.19 EPS

by · The Cerbat Gem

Sunrun (NASDAQ:RUN – Get Free Report) announced its earnings results on Wednesday. The energy company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.19, FiscalAI reports. Sunrun had a net margin of 17.88% and a return on equity of 14.06%. The business had revenue of $869.99 million for the quarter, compared to analysts’ expectations of $746.87 million. During the same period in the previous year, the company posted $1.07 EPS. The company’s quarterly revenue was up 52.8% on a year-over-year basis.

Here are the key takeaways from Sunrun’s conference call:

  • Storage demand reached a record, with a 74% storage attachment rate and more than 15,500 battery systems installed in Q2. Sunrun’s network now exceeds 4.6 GWh of installed storage capacity, supporting its strategy as a residential distributed power provider.
  • Sunrun is shifting toward its higher-margin direct sales channel, where Q2 volume rose more than 20% sequentially and monthly sales growth exceeded 10% year over year in June and July. Management expects direct installation growth above 10% in the second half, though the sales-force ramp remains in progress.
  • The company reduced full-year 2026 cash-generation guidance to $200 million-$375 million from $250 million-$450 million and lowered Aggregate Subscriber Value guidance to $4.6 billion-$4.9 billion. The revisions reflect weaker affiliate volumes, the bankruptcy of Freedom Forever, slower direct-sales ramp-up costs, and higher interest rates.
  • Sunrun expects its distributed power plant fleet to generate approximately $40 million of GAAP gross revenue and more than $10 million of operating margin in 2026, with substantial future growth opportunities through utilities, energy markets, retail providers, and hyperscalers.
  • Capital-market access remained constructive, including a $267 million securitization priced at a 200-basis-point spread, 20 basis points better than the prior transaction. Management also reported approximately $1.5 billion of non-recourse asset-level debt financing raised year to date and expects additional securitizations in the second half.

Sunrun Stock Performance

Shares of Sunrun stock traded down $0.54 on Wednesday, reaching $10.49. 12,666,509 shares of the stock were exchanged, compared to its average volume of 9,720,039. The company has a current ratio of 1.45, a quick ratio of 1.09 and a debt-to-equity ratio of 3.44. The business has a fifty day moving average price of $12.53 and a two-hundred day moving average price of $14.21. Sunrun has a 1-year low of $9.01 and a 1-year high of $22.44. The firm has a market capitalization of $2.50 billion, a PE ratio of 4.92 and a beta of 2.35.

Sunrun News Summary

Here are the key news stories impacting Sunrun this week:

  • Positive Sentiment: Sunrun reported second-quarter adjusted earnings of $0.42 per share and revenue of approximately $870 million, exceeding consensus estimates of $0.23 and $747 million, respectively. Revenue increased 52.8% from the prior year. Sunrun Q2 Earnings and Revenues Beat Estimates
  • Positive Sentiment: Storage momentum was strong: the battery attachment rate reached a record 74%, while networked storage capacity reached 4.6 gigawatt-hours. Aggregate subscriber value was approximately $1.2 billion. Sunrun Reports Second Quarter 2026 Financial Results
  • Positive Sentiment: Sunrun priced a $267 million securitization of residential solar and storage assets, supporting liquidity and the company’s asset-financing model. Sunrun Prices $267 Million Securitization

Insider Buying and Selling at Sunrun

In related news, CFO Danny Abajian sold 16,495 shares of the company’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of $13.19, for a total transaction of $217,569.05. Following the transaction, the chief financial officer owned 420,318 shares of the company’s stock, valued at $5,543,994.42. This represents a 3.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CRO Paul S. Dickson sold 15,613 shares of the stock in a transaction on Monday, July 6th. The stock was sold at an average price of $13.18, for a total value of $205,779.34. Following the completion of the transaction, the executive owned 839,539 shares of the company’s stock, valued at $11,065,124.02. The trade was a 1.83% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 223,045 shares of company stock worth $2,934,835. 3.55% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Sunrun

Institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada increased its holdings in shares of Sunrun by 5.1% in the 1st quarter. Royal Bank of Canada now owns 626,536 shares of the energy company’s stock valued at $3,672,000 after purchasing an additional 30,175 shares in the last quarter. Integrated Wealth Concepts LLC boosted its holdings in Sunrun by 47.8% during the first quarter. Integrated Wealth Concepts LLC now owns 32,767 shares of the energy company’s stock worth $192,000 after buying an additional 10,598 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Sunrun by 2.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 238,360 shares of the energy company’s stock worth $1,397,000 after buying an additional 5,882 shares in the last quarter. Jones Financial Companies Lllp grew its position in Sunrun by 511.0% during the first quarter. Jones Financial Companies Lllp now owns 27,026 shares of the energy company’s stock worth $158,000 after buying an additional 22,603 shares during the period. Finally, Goldman Sachs Group Inc. increased its holdings in Sunrun by 45.3% in the first quarter. Goldman Sachs Group Inc. now owns 2,306,808 shares of the energy company’s stock valued at $13,518,000 after buying an additional 718,955 shares in the last quarter. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. UBS Group decreased their price target on shares of Sunrun from $23.00 to $20.00 and set a “buy” rating for the company in a research note on Tuesday, June 16th. JPMorgan Chase & Co. reduced their target price on shares of Sunrun from $25.00 to $22.00 and set an “overweight” rating for the company in a report on Thursday, April 16th. Barclays decreased their target price on shares of Sunrun from $23.00 to $14.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 21st. Citigroup lowered their price target on Sunrun from $26.00 to $20.00 and set a “buy” rating on the stock in a report on Tuesday, April 21st. Finally, Roth Capital restated a “buy” rating on shares of Sunrun in a research report on Thursday, July 9th. Twelve equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $18.81.

Read Our Latest Research Report on RUN

About Sunrun

(Get Free Report)

Sunrun, Inc (NASDAQ: RUN) is a leading provider of residential solar energy systems in the United States. The company designs, installs and maintains rooftop solar panels and battery storage solutions for homeowners under flexible financing arrangements. Customers can choose from leasing, power purchase agreements or solar ownership models, all of which are supported by Sunrun’s network of installation partners and service technicians. Sunrun also offers integrated home energy management services, including its Brightbox battery storage product, which enables customers to store solar energy for use during peak hours or power outages.

Founded in 2007 by Lynn Jurich, Ed Fenster and Nat Kreamer, Sunrun is headquartered in San Francisco, California.

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