Sunrun Inc

RUN: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$16.00	Mvl	Lqwmkdyt

Sunrun Looks to Offset Interest Rate Headwinds With Price Increases; Shares Undervalued

Brett Castelli

Nov 3, 2022

We lower our fair value estimate for Sunrun to $32 from $34 following the company's third-quarter results. The primary driver of our fair value decrease is moderating customer growth as we assume the company prioritizes profitability over growth. We view Sunrun shares as attractive at current prices but expect them to remain subject to evolving interest rate expectations.

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