Sunrun (NASDAQ:RUN) Announces Quarterly Earnings Results, Beats Estimates By $0.67 EPS

by · The Cerbat Gem

Sunrun (NASDAQ:RUN – Get Free Report) posted its quarterly earnings results on Wednesday. The energy company reported $0.62 EPS for the quarter, beating the consensus estimate of ($0.05) by $0.67, FiscalAI reports. Sunrun had a net margin of 15.22% and a return on equity of 11.72%. The firm had revenue of $722.23 million for the quarter, compared to analyst estimates of $688.50 million. During the same quarter last year, the firm posted $0.20 earnings per share. Sunrun’s revenue for the quarter was up 43.2% compared to the same quarter last year.

Here are the key takeaways from Sunrun’s conference call:

  • Operational momentum: Sunrun added ~19,000 customers in Q1, raised storage attachment to 73%, reported Aggregate Subscriber Value of $1.1B (above guidance), and grew its dispatchable fleet to 4.3 GWh (+50% YoY), highlighting scale in residential storage.
  • Quarterly cash timing but full‑year guide intact: Q1 Cash Generation was negative ~$31M excluding safe‑harbor investments after management shifted some project‑finance closings into Q2, yet the company reiterated full‑year Cash Generation guidance of $250M–$450M and continues to pay down parent recourse debt.
  • Strong capital markets execution: Sunrun has raised $774M in non‑recourse asset debt YTD, priced a securitization at a 220bp spread, and has closed/executed term sheets expected to fund roughly 1,000 MW of projects beyond Q1, with 23% of Q1 additions monetized via non‑retained models.
  • Strategic shift to direct, vertically integrated growth: Management is leaning into direct sales (hired >1,000 salespeople YTD, active sales force +20% since year start, March bookings +30% MoM) to drive higher‑value installs and scale recurring grid‑services monetization.
  • Industry and regulatory risks persist: The 25D ITC sunset has disrupted smaller dealers, certain tax‑credit investors have paused activity pending FIAC/domestic‑content clarity, and management acknowledged limited exposure to affiliate bankruptcies (no specific financial detail disclosed).

Sunrun Stock Up 7.6%

Shares of RUN stock traded up $0.97 during mid-day trading on Thursday, reaching $13.80. 16,870,952 shares of the company were exchanged, compared to its average volume of 9,441,970. Sunrun has a fifty-two week low of $5.38 and a fifty-two week high of $22.44. The company has a debt-to-equity ratio of 3.38, a quick ratio of 1.27 and a current ratio of 1.66. The company has a market capitalization of $3.25 billion, a P/E ratio of 8.07 and a beta of 2.25. The business’s 50 day simple moving average is $13.10 and its 200 day simple moving average is $16.97.

Trending Headlines about Sunrun

Here are the key news stories impacting Sunrun this week:

  • Positive Sentiment: Q1 results beat estimates — GAAP EPS $0.62 vs. consensus -$0.05 and revenue $722.2M (up 43% YoY). Company reported strong contracted net value creation and subscriber metrics, which underpinned the rally. Q1 Results
  • Positive Sentiment: Storage momentum — storage attachment rate hit a record 73% in Q1 and management is pivoting more toward storage and grid services, which boosts higher-margin revenue potential and long-term value. Storage Pivot
  • Positive Sentiment: Reiterated 2026 cash-generation outlook of $250M–$450M and reduced recourse debt ($92M paid down), signaling confidence in multi-year cash profile despite Q1 timing issues. Guidance Reiterated
  • Positive Sentiment: Unusual bullish options activity — intraday call volume spiked (~31,584 calls, +83% vs. typical), indicating speculative/hedged bullish interest from traders (short-term upward pressure).
  • Positive Sentiment: Analyst support — Zacks upgraded RUN to strong-buy; TD Cowen trimmed its price target from $23 to $21 but kept a Buy rating, leaving sizeable upside in street targets. Analyst Moves
  • Neutral Sentiment: Investors and analysts have access to the full Q1 earnings transcript and slide deck for details on unit economics and cash timing. Earnings Transcript
  • Negative Sentiment: Near-term cash shortfall — Q1 cash generation was negative (-$59M) and net change in cash/restricted cash was -$148M, driven by a shift in project-finance timing into Q2 and investments in equipment safe-harbor. That timing risk creates short-term liquidity noise. Cash Shortfall

Insider Buying and Selling at Sunrun

In other news, Director Lynn Michelle Jurich sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $12.89, for a total transaction of $644,500.00. Following the completion of the sale, the director owned 507,947 shares of the company’s stock, valued at approximately $6,547,436.83. This trade represents a 8.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Maria Barak sold 8,039 shares of the firm’s stock in a transaction that occurred on Thursday, April 9th. The stock was sold at an average price of $13.67, for a total transaction of $109,893.13. Following the sale, the chief accounting officer directly owned 72,963 shares of the company’s stock, valued at $997,404.21. The trade was a 9.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 879,894 shares of company stock valued at $12,732,496. Corporate insiders own 3.55% of the company’s stock.

Hedge Funds Weigh In On Sunrun

A number of hedge funds have recently added to or reduced their stakes in the business. Invesco Ltd. boosted its holdings in Sunrun by 26.6% in the fourth quarter. Invesco Ltd. now owns 5,868,199 shares of the energy company’s stock worth $107,975,000 after purchasing an additional 1,231,628 shares during the period. Voloridge Investment Management LLC boosted its holdings 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 purchasing an additional 1,100,666 shares during the period. Deutsche Bank AG boosted its holdings in Sunrun by 61.7% in the fourth quarter. Deutsche Bank AG now owns 2,470,663 shares of the energy company’s stock worth $45,460,000 after purchasing an additional 942,454 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Sunrun by 45.3% in the first quarter. Goldman Sachs Group Inc. now owns 2,306,808 shares of the energy company’s stock worth $13,518,000 after purchasing an additional 718,955 shares during the period. Finally, Amundi boosted its holdings in Sunrun by 10.4% in the fourth quarter. Amundi now owns 2,112,062 shares of the energy company’s stock worth $38,870,000 after purchasing an additional 198,216 shares during the period. Institutional investors and hedge funds own 91.69% of the company’s stock.

Analyst Upgrades and Downgrades

RUN has been the topic of several research reports. Susquehanna cut their price target on shares of Sunrun from $24.00 to $19.00 and set a “positive” rating on the stock in a report on Thursday, April 9th. Mizuho cut their price target on shares of Sunrun from $25.00 to $22.00 and set an “outperform” rating on the stock in a report on Monday, March 2nd. Oppenheimer raised their price target on shares of Sunrun from $23.00 to $25.00 and gave the company an “outperform” rating in a report on Friday, February 27th. Raymond James Financial assumed coverage on shares of Sunrun in a research note on Monday, January 12th. They set a “market perform” rating on the stock. Finally, Loop Capital set a $12.00 price objective on shares of Sunrun in a research note on Tuesday, March 3rd. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $18.43.

Read Our Latest Stock Analysis on RUN

Sunrun Company Profile

(Get Free Report)

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.

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