Sunrun (NASDAQ:RUN) Issues Quarterly Earnings Results

Posted by Brian Himes on Nov 4th, 2026

Sunrun (NASDAQ:RUN – Get Free Report) released its quarterly earnings data on Wednesday. The energy company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.40, FiscalAI reports. Sunrun had a net margin of 11.59% and a return on equity of 9.59%. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $757.53 million.

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

Sunrun reported improving unit economics, with Q3 Upfront Net Subscriber Value rising to about $3,700 per subscriber from $2,000 in Q2, and storage attachment reaching a record 75%. Cash Generation was $56 million excluding $50 million of net investment in safe-harbor equipment.
The company lowered full-year guidance to approximately $200 million in Cash Generation before $60 million–$70 million of safe-harbor investments, down from a prior range of $200 million–$375 million. Aggregate Contracted Subscriber Value guidance was also narrowed to about $4.6 billion; management cited softer-than-forecast sales pacing and higher interest rates.
Management said direct sales grew at high-single- to low-double-digit rates year over year from June through October, and expects overall installation volumes to grow in 2027. It expects affiliate volumes to remain sharply lower this year after deliberately reducing that channel, while saying it has no plan to exit it.
Sunrun highlighted its distributed power plant opportunity, citing more than 5 GWh of installed storage and a record 434 MW dispatched in a single event. The company aims to double online capacity by the end of 2028 and sees grid services and distributed compute as potential sources of additional cash generation.
Management said financing access remains supportive: most of its 2026 tax-credit supply is covered by closed transactions or advanced discussions, and it has raised about $1.5 billion in non-recourse asset-level debt year to date. It also said demand for tax-credit transactions and securitizations has strengthened.

Sunrun Stock Performance

RUN traded up $0.11 during midday trading on Wednesday, reaching $8.79. The company’s stock had a trading volume of 32,142,715 shares, compared to its average volume of 9,372,968. The company has a fifty day simple moving average of $8.10 and a 200 day simple moving average of $12.38. The stock has a market cap of $2.12 billion, a P/E ratio of 5.94 and a beta of 2.35. The company has a current ratio of 1.42, a quick ratio of 1.00 and a debt-to-equity ratio of 3.34. Sunrun has a twelve month low of $6.78 and a twelve month high of $21.95.

Analysts Set New Price Targets

RUN has been the subject of a number of research reports. Oppenheimer reissued an “outperform” rating and set a $20.00 target price on shares of Sunrun in a research note on Thursday, August 6th. Roth Capital reiterated a “buy” rating on shares of Sunrun in a report on Thursday, July 9th. Wells Fargo & Company cut their price objective on Sunrun from $22.00 to $17.00 and set an “overweight” rating for the company in a report on Friday, August 14th. Barclays reduced their price objective on Sunrun from $14.00 to $12.00 and set an “equal weight” rating for the company in a research report on Friday, October 9th. Finally, Mizuho set a $18.00 target price on Sunrun in a research note on Thursday, August 6th. Twelve analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Sunrun has a consensus rating of “Hold” and an average target price of $14.39.

Read Our Latest Research Report on Sunrun

Key Sunrun News

Here are the key news stories impacting Sunrun this week:

Positive Sentiment: Strong quarterly earnings: Sunrun reported third-quarter EPS of $0.56, topping the $0.16 consensus, while revenue of $1.10 billion exceeded estimates of about $758 million. The sizable earnings and sales beats are the clearest company-specific positive news. Sunrun Reports Third Quarter 2026 Financial Results
Positive Sentiment: Puerto Rico network growth: Participation in Sunrun’s distributed power plant doubled to more than 60,000 customers, with nearly 70,000 home batteries. The system can provide 45 megawatts of dispatchable power, highlighting the scale of its battery-based grid services business. Sunrun Puerto Rico distributed power plant announcement
Positive Sentiment: Sector tailwind: Solar and other clean-energy stocks advanced as investors responded to Democrats winning control of both chambers of Congress, in a so-called “blue trade.” The move may reflect expectations for a more supportive policy backdrop, though it is a broader sector catalyst rather than a Sunrun-specific development. Clean-energy stocks rise amid political shift
Negative Sentiment: Insider sale: Chief Accounting Officer Maria Barak sold 3,256 shares, reducing her holdings by 3.69%. The sale was conducted under a prearranged Rule 10b5-1 plan, which may temper its significance as a bearish signal. SEC Form 4 filing

Insider Activity at Sunrun

In other news, CRO Paul Dickson sold 15,837 shares of the company’s stock in a transaction dated Tuesday, October 6th. The shares were sold at an average price of $7.76, for a total transaction of $122,895.12. Following the completion of the transaction, the executive owned 823,702 shares of the company’s stock, valued at approximately $6,391,927.52. This represents a 1.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Jeanna Steele sold 10,042 shares of the company’s stock in a transaction that occurred on Tuesday, October 6th. The shares were sold at an average price of $7.76, for a total value of $77,925.92. Following the completion of the transaction, the insider directly owned 451,673 shares of the company’s stock, valued at approximately $3,504,982.48. This trade represents a 2.17% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 71,975 shares of company stock worth $563,721. Insiders own 3.55% of the company’s stock.

About Sunrun

(Get Free Report)

Sunrun Inc is a residential clean-energy company that designs, sells, installs, owns and maintains home solar energy systems. The company provides rooftop solar panels and related equipment through purchase and financing options, as well as subscription-based solar-as-a-service arrangements under which customers pay for the electricity their systems produce.

Sunrun also offers home energy storage through its Brightbox battery product. These systems can store solar-generated electricity for use when solar production is unavailable and may provide backup power during grid outages.