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

Sunrun (NASDAQ:RUN) released its quarterly earnings data on Wednesday. The energy company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.23 by $0.19, FiscalAI reports. Sunrun had a net margin of 11.59% and a return on equity of 9.74%. The company had revenue of $869.99 million during the quarter, compared to the consensus estimate of $746.87 million. During the same period last year, the firm earned $1.07 EPS. Sunrun’s revenue for the quarter 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 Price Performance

Shares of NASDAQ RUN traded up $0.84 during midday trading on Friday, hitting $10.22. 9,417,073 shares of the company’s stock were exchanged, compared to its average volume of 9,742,656. 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’s fifty day moving average price is $12.40 and its two-hundred day moving average price is $14.15. The company has a market cap of $2.44 billion, a price-to-earnings ratio of 6.89 and a beta of 2.35. Sunrun has a 12-month low of $8.61 and a 12-month high of $22.44.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on RUN shares. The Goldman Sachs Group reduced their price target on Sunrun from $18.00 to $15.00 and set a “buy” rating for the company in a research report on Thursday. Royal Bank Of Canada cut their target price on Sunrun from $18.00 to $14.00 and set an “outperform” rating for the company in a research note on Thursday. Glj Research reaffirmed a “sell” rating and set a $4.63 target price on shares of Sunrun in a report on Friday, July 10th. Wall Street Zen cut Sunrun from a “hold” rating to a “sell” rating in a research report on Saturday, April 25th. Finally, Susquehanna lowered their price target on shares of Sunrun from $18.00 to $15.00 and set a “positive” rating on the stock in a report on Friday. Twelve analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $17.26.

Sunrun News Roundup

Here are the key news stories impacting Sunrun this week:

• Positive Sentiment: Sunrun reported second-quarter revenue of approximately $870 million, up 52.8% year over year and above the roughly $747 million consensus estimate. Adjusted earnings of $0.42 per share also exceeded the approximately $0.23 analyst forecast. Sunrun Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Operating momentum in storage was strong: the battery-attachment rate reached a record 74%, networked storage capacity reached 4.6 gigawatt-hours, and aggregate subscriber value was approximately $1.2 billion. Management also reiterated plans to exit 2026 with more than 10% growth and target over 10 GWh of capacity by the end of 2028. Sunrun Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Solar stocks received a broader lift after the Trump administration extended China-related tariffs to certain polysilicon products. The policy may improve the competitive position of U.S.-based solar and storage providers such as Sunrun, although its effect on equipment costs remains uncertain. Solar Stocks Rise After Polysilicon Tariffs
• Neutral Sentiment: Susquehanna lowered its price target from $18 to $15 but maintained a positive rating. The new target still implies substantial upside, indicating analysts remain constructive despite more cautious valuation assumptions. Benzinga
• Negative Sentiment: Sunrun reduced its 2026 cash-generation guidance to $200 million-$375 million. Second-quarter operating cash flow was negative $186 million, and the lower outlook overshadowed the earnings and revenue beats. Sunrun Shares Fall as Guidance Cut Offsets Q2 Earnings Beat
• Negative Sentiment: Sunrun is shifting toward direct sales origination as affiliate-installer channels weaken, raising concerns about customer-acquisition efficiency and near-term execution. Goldman Sachs and TD Cowen also reduced their price targets to $15 and $16, respectively, despite retaining buy ratings. Sunrun Pivots to Direct Sales Origination

Insiders Place Their Bets

In other news, CRO Paul S. Dickson sold 15,613 shares of the firm’s stock in a transaction on Monday, July 6th. The shares were sold at an average price of $13.18, for a total transaction of $205,779.34. Following the sale, the executive owned 839,539 shares in the company, valued at approximately $11,065,124.02. This trade represents a 1.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Danny Abajian sold 16,495 shares of Sunrun 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 sale, the chief financial officer directly 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. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 223,045 shares of company stock valued at $2,934,835 over the last three months. Corporate insiders own 3.55% of the company’s stock.

Institutional Investors Weigh In On Sunrun

A number of large investors have recently added to or reduced their stakes in the company. Invesco Ltd. increased its position in shares of Sunrun by 26.6% during the 4th quarter. Invesco Ltd. now owns 5,868,199 shares of the energy company’s stock valued at $107,975,000 after purchasing an additional 1,231,628 shares during the last quarter. EP Wealth Advisors LLC bought a new stake in Sunrun in the 4th quarter worth approximately $2,233,000. Empowered Funds LLC bought a new stake in Sunrun in the 4th quarter worth approximately $304,000. Zacks Investment Management boosted its stake in Sunrun by 4.2% in the fourth quarter. Zacks Investment Management now owns 148,082 shares of the energy company’s stock worth $2,725,000 after buying an additional 6,026 shares in the last quarter. Finally, Voloridge Investment Management LLC boosted its stake in Sunrun by 47.3% in the fourth quarter. Voloridge Investment Management LLC now owns 3,425,297 shares of the energy company’s stock worth $63,025,000 after buying an additional 1,100,666 shares in the last quarter. Hedge funds and other institutional investors own 91.69% of the company’s stock.

About Sunrun

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.