Sunrun Inc

RUN: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$56.00	Tttf	Zkbrzqvh

Sunrun Looks to Grow Above Market in 2023; Maintaining $27 Fair Value Estimate

Brett Castelli

Feb 23, 2023

We maintain our $27 per share fair value estimate for Sunrun following its fourth-quarter results and 2023 outlook. While the company's growth guidance surpassed our expectations, this was largely offset by an increase in our discount rate. Our no-moat rating is unchanged. We view shares of Sunrun as slightly undervalued.

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