Sunrun (NASDAQ:RUN) Releases Earnings Results, Beats Estimates By $0.46 EPS

Sunrun (NASDAQ:RUN) posted its quarterly earnings data on Thursday. The energy company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.46, Zacks reports. Sunrun had a negative net margin of 106.50% and a positive return on equity of 19.34%. During the same period last year, the company posted $1.41 EPS. The business’s revenue was up 123.5% on a year-over-year basis.

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

• Sunrun generated $377 million of cash in 2025 (Q4 cash generation $187M), paid down about $150M of parent recourse debt, and guides to $250M–$450M Cash Generation for 2026 while planning to repay >$100M of parent recourse debt and get below a 2x recourse leverage target.
• Management materially shifted its financing mix—roughly 51% of Q4 subscriber additions were monetized via asset-sale structures—and closed a JV with Hannon Armstrong that can invest up to $500M to finance ~300 MW across >40,000 homes, improving upfront proceeds and GAAP clarity but reducing certain non‑GAAP value metrics.
• The company is focused on a “storage-first” strategy, increasing its storage attachment rate to 71%, growing storage capacity ~26%, operating over 4 GWh of dispatchable energy and participating in programs that delivered 425 MW of peak capacity and new grid‑dispatch revenue streams.
• Sunrun will cut affiliate channel volumes by over 40% and tightened direct route activity led to expected slight overall volume declines, contributing to lower Aggregate Subscriber Value and Contracted Net Value Creation guidance for 2026 (Aggregate Subscriber Value guidance $4.8B–$5.2B, Contracted Net Value Creation $650M–$1.05B).

Sunrun Stock Up 4.5%

Shares of RUN traded up $0.87 during trading hours on Thursday, hitting $20.42. The stock had a trading volume of 14,892,048 shares, compared to its average volume of 7,408,924. Sunrun has a 1-year low of $5.38 and a 1-year high of $22.44. The firm has a market capitalization of $4.74 billion, a P/E ratio of -1.83 and a beta of 2.36. The firm has a 50 day simple moving average of $19.22 and a 200-day simple moving average of $18.29. The company has a debt-to-equity ratio of 3.67, a current ratio of 1.46 and a quick ratio of 1.06.

Insider Buying and Selling at Sunrun

In other Sunrun news, CEO Mary Powell sold 8,754 shares of the stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $17.80, for a total value of $155,821.20. Following the transaction, the chief executive officer owned 864,946 shares in the company, valued at approximately $15,396,038.80. This represents a 1.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Edward Harris Fenster sold 163,844 shares of the business’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $19.95, for a total value of $3,268,687.80. Following the sale, the director owned 1,578,895 shares of the company’s stock, valued at approximately $31,498,955.25. This represents a 9.40% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 518,800 shares of company stock worth $9,903,520 in the last quarter. Company insiders own 3.37% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Royal Bank of Canada lifted its stake in shares of Sunrun by 5.1% in the first quarter. Royal Bank of Canada now owns 626,536 shares of the energy company’s stock valued at $3,672,000 after buying an additional 30,175 shares in the last quarter. Integrated Wealth Concepts LLC increased its position in shares of Sunrun by 47.8% during the first quarter. Integrated Wealth Concepts LLC now owns 32,767 shares of the energy company’s stock worth $192,000 after acquiring an additional 10,598 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Sunrun by 2.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 238,360 shares of the energy company’s stock worth $1,397,000 after acquiring an additional 5,882 shares during the last quarter. Jones Financial Companies Lllp lifted its position in Sunrun by 511.0% in the 1st quarter. Jones Financial Companies Lllp now owns 27,026 shares of the energy company’s stock valued at $158,000 after acquiring an additional 22,603 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in Sunrun by 45.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,306,808 shares of the energy company’s stock valued at $13,518,000 after acquiring an additional 718,955 shares in the last quarter. Institutional investors and hedge funds own 91.69% of the company’s stock.

Sunrun News Roundup

Here are the key news stories impacting Sunrun this week:

• Positive Sentiment: Q4 EPS beat — Sunrun reported $0.38 EPS vs. a consensus of ($0.08), a meaningful upside that likely drove short‑term buying interest. View Press Release
• Positive Sentiment: Strong cash metrics — Sunrun reported a net increase in cash & restricted cash of $290M and “Cash Generation 1” of $377M for 2025, improving near‑term liquidity and reducing financing risk. Sunrun Reports Fourth Quarter and Full Year 2025 Financial Results
• Positive Sentiment: Leadership recognition — CEO Mary Powell was named to CNBC’s 2026 Changemakers list, reinforcing credibility around Sunrun’s battery/storage strategy and management execution. Sunrun CEO Mary Powell Named To 2026 CNBC Changemakers: Women Transforming Business List
• Neutral Sentiment: Investor/analyst coverage — Multiple previews and analyst‑estimate deep dives surfaced ahead of and around the release, keeping the stock on screens as investors parse metrics beyond revenue/EPS (e.g., asset performance, storage growth). Exploring Analyst Estimates for Sunrun (RUN) Q4 Earnings, Beyond Revenue and EPS
• Neutral Sentiment: Valuation/longer‑term story coverage — Commentary on Sunrun’s valuation and its one‑year return/storage growth narrative is prompting investors to reassess risk/reward beyond the quarterly print. A Look At Sunrun (RUN) Valuation After Strong 1 Year Return And Storage Growth Story
• Negative Sentiment: Profitability concerns remain — despite the EPS beat, Sunrun reported a negative net margin (~106.5%), signaling continued non‑operational charges or financing impacts that could pressure longer‑term profitability. View Press Release
• Negative Sentiment: Policy and market headwinds highlighted — coverage ahead of the print raised questions about how distributed power and storage businesses will navigate policy shifts, a potential headwind for future growth/returns. Sunrun earnings on deck: Can distributed power offset policy headwinds?

Analyst Ratings Changes

Several research firms recently issued reports on RUN. Jefferies Financial Group restated a “buy” rating and issued a $22.00 target price on shares of Sunrun in a report on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft set a $19.00 price objective on Sunrun in a research report on Wednesday, January 7th. Morgan Stanley upped their target price on Sunrun from $20.00 to $21.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 2nd. TD Cowen raised their target price on Sunrun from $22.00 to $23.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. Finally, Raymond James Financial assumed coverage on Sunrun in a report on Monday, January 12th. They issued a “market perform” rating for the company. Thirteen equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $19.99.

Sunrun Company Profile

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.