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Sunrun Inc RUN

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Morningstar’s Analysis

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1-Star Price

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5-Star Price

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Economic Moat

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Capital Allocation

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Initiating Coverage of Sunrun With No-Moat Rating and $46 Fair Value Estimate

Brett Castelli Equity Analyst

Analyst Note

| Brett Castelli |

We are initiating coverage of Sunrun with a no-moat, stable moat trend rating and $46 fair value estimate. We view the stock as fairly valued but one of the more reasonably priced in our clean energy coverage.

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Company Profile

Business Description

Sunrun is engaged in the design, development, installation, sale, ownership, and maintenance of residential solar energy systems in the United States. The company acquires customers directly and through relationships with various solar and strategic partners. The solar systems are constructed either by Sunrun or by Sunrun’s partners and are owned by the company. Sunrun’s customers typically enter into 20- to 25-year agreements to utilize its solar energy system. The company also sells solar energy systems and products, such as panels and racking, and solar leads generated to customers.

Contact
225 Bush Street, Suite 1400
San Francisco, CA, 94104
T +1 415 580-6900
Sector Technology
Industry Solar
Most Recent Earnings Sep 30, 2021
Fiscal Year End Dec 31, 2021
Stock Type Distressed
Employees 8,500