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Sunrun Inc RUN

Morningstar Rating
$12.64 −0.07 (0.55%)
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Company Report

Sunrun Shifts Its Focus From Growth to Cash Generation

Sunrun’s mission is to provide customers--primarily homeowners--with clean and affordable solar energy and related products. The company was a pioneer in the residential solar industry, offering its first solar lease in 2007. Sunrun targets day-one customer savings of 5%-45% compared with a customer's local utility rates. As of early 2023, the company had direct operations in 22 U.S. states and territories and was the U.S. residential solar market leader with high-teens market share share.

Price vs Fair Value

RUN is trading within a range we consider fairly valued.
Price
$12.64
Fair Value
$47.00
Uncertainty
Very High
1-Star Price
$46.40
5-Star Price
$7.00
Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

Sunrun is the market leader in residential solar installations with high-teens market share.

Bears

Sunrun’s economics are sensitive to customer renewal expectations, which are highly uncertain.

Is it the right time to buy, sell, or hold?
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News

Trading Information

Previous Close Price
$12.71
Day Range
$12.4812.92
52-Week Range
$8.4323.85
Bid/Ask
$12.62 / $12.66
Market Cap
$2.80 Bil
Volume/Avg
6.5 Mil / 12.0 Mil

Key Statistics

Price/Earnings (Normalized)
87.49
Price/Sales
1.29
Dividend Yield (Trailing)
Dividend Yield (Forward)
Total Yield

Company Profile

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.
Sector
Technology
Industry
Solar
Stock Style Box
Small Value
Total Number of Employees
10,833

Competitors

Valuation

Metric
RUN
SEDG
ENPH
Price/Earnings (Normalized)
87.499.1535.21
Price/Book Value
0.540.9417.54
Price/Sales
1.290.949.16
Price/Cash Flow
30.99
Price/Earnings
RUN
SEDG
ENPH

Financial Strength

Metric
RUN
SEDG
ENPH
Quick Ratio
0.521.833.60
Current Ratio
1.314.544.16
Interest Coverage
−2.68−149.6328.74
Quick Ratio
RUN
SEDG
ENPH

Profitability

Metric
RUN
SEDG
ENPH
Return on Assets (Normalized)
−7.04%−0.77%18.18%
Return on Equity (Normalized)
−24.56%−1.44%64.33%
Return on Invested Capital (Normalized)
−4.87%−1.05%24.93%
Return on Assets
RUN
SEDG
ENPH
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Morningstar Rating for Stocks
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Economic Moat
Market Cap
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Xinyi Solar Holdings Ltd ADR
XISHY
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GCL Technology Holdings Ltd
GCPEF
Clg$4.6 Bil
SolarEdge Technologies Inc
SEDG
JpwgjwkXymqf$2.1 Bil
Shoals Technologies Group Inc Ordinary Shares - Class A
SHLS
PwyrlbvvZfmty$1.2 Bil
SunPower Corp
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WmzjJsfb$496.6 Mil

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