Sunrun (NASDAQ:RUN) Sets New 52-Week Low on Analyst Downgrade

Key Points

• Sunrun shares fell to a new 52-week low, trading as low as $9.15 after Goldman Sachs cut its price target from $18 to $15, despite maintaining a “buy” rating.
• Analysts have broadly lowered their targets, leaving Sunrun with a consensus “hold” rating and an average price target of $18.09; twelve analysts rate it a buy, eight a hold, and two a sell.
• Sunrun’s second-quarter revenue and adjusted earnings beat expectations, but negative operating cash flow, a reduced cash-generation outlook, declining year-over-year EPS, and substantial leverage remain investor concerns.

Sunrun Inc. (NASDAQ:RUN - Get Free Report) reached a new 52-week low during mid-day trading on Thursday after The Goldman Sachs Group lowered their price target on the stock from $18.00 to $15.00. The Goldman Sachs Group currently has a buy rating on the stock. Sunrun traded as low as $9.15 and last traded at $8.8750, with a volume of 471696 shares changing hands. The stock had previously closed at $10.49.

Several other analysts have also issued reports on RUN. Citigroup dropped their target price on shares of Sunrun from $26.00 to $20.00 and set a "buy" rating on the stock in a research report on Tuesday, April 21st. Barclays dropped their target price on Sunrun from $23.00 to $14.00 and set an "equal weight" rating for the company in a report on Tuesday, April 21st. TD Cowen reduced their price target on shares of Sunrun from $21.00 to $16.00 and set a "buy" rating on the stock in a research report on Thursday. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $17.00 target price on shares of Sunrun in a research report on Friday, May 8th. Finally, Susquehanna reduced their price target on shares of Sunrun from $19.00 to $18.00 and set a "positive" rating on the stock in a research note on Friday, July 10th. Twelve research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, Sunrun currently has a consensus rating of "Hold" and a consensus price target of $18.09.

Insiders Place Their Bets

In other news, CRO Paul S. Dickson sold 15,613 shares of the company's stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $13.18, for a total value of $205,779.34. Following the completion of the sale, the executive directly owned 839,539 shares of the company's stock, valued at approximately $11,065,124.02. This represents a 1.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Mary Powell sold 23,985 shares of the company's stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $13.19, for a total value of $316,362.15. Following the sale, the chief executive officer directly owned 1,111,535 shares of the company's stock, valued at approximately $14,661,146.65. This represents a 2.11% decrease in their ownership of the stock. 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 three months, insiders sold 223,045 shares of company stock valued at $2,934,835. 3.55% of the stock is owned by insiders.

Key Sunrun News

Here are the key news stories impacting Sunrun this week:

• Positive Sentiment: Sunrun reported second-quarter 2026 revenue of $869.99 million, up 52.8% year over year and ahead of the $746.87 million consensus estimate. Adjusted earnings of $0.42 per share also exceeded expectations. Sunrun Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Storage adoption reached a record 74% attachment rate, while networked storage capacity climbed to 4.6 gigawatt-hours. Management expects to exit 2026 with more than 10% growth and is targeting over 10 GWh of capacity by the end of 2028. Sunrun Growth and Storage Outlook
• Positive Sentiment: Goldman Sachs and TD Cowen maintained “buy” ratings, with revised price targets of $15 and $16, respectively, implying substantial potential upside from recent levels.
• Neutral Sentiment: Sunrun priced a $267 million securitization of residential solar and storage assets, supporting liquidity and its asset-financing model, although the transaction also highlights the company’s reliance on capital markets.
• Neutral Sentiment: A director sold 50,000 shares under a pre-arranged Rule 10b5-1 trading plan. The sale reduces the potential signaling concern, but it follows additional sales earlier in the year.
• Negative Sentiment: Operating cash flow was negative $186 million in the quarter, while reported cash generation was only $23 million, or $45 million excluding equipment-related investments. Sunrun lowered or revised its 2026 cash-generation outlook to $200 million-$375 million, which may have disappointed investors seeking stronger near-term cash conversion. Sunrun Q2 Report Market Reaction
• Negative Sentiment: Although earnings beat estimates, EPS declined from $1.07 in the prior-year quarter to $0.42. Goldman Sachs cut its target from $18 to $15, and TD Cowen reduced its target from $21 to $16, signaling more cautious valuation assumptions.

Hedge Funds Weigh In On Sunrun

Institutional investors and hedge funds have recently made changes to their positions in the stock. Farther Finance Advisors LLC grew its holdings in shares of Sunrun by 156.9% in the 4th quarter. Farther Finance Advisors LLC now owns 1,449 shares of the energy company's stock worth $27,000 after acquiring an additional 885 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in shares of Sunrun in the fourth quarter valued at $27,000. Hantz Financial Services Inc. raised its stake in shares of Sunrun by 59.1% during the 4th quarter. Hantz Financial Services Inc. now owns 1,519 shares of the energy company's stock worth $28,000 after buying an additional 564 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in Sunrun in the 4th quarter valued at about $30,000. Finally, Salomon & Ludwin LLC raised its position in Sunrun by 49.2% during the fourth quarter. Salomon & Ludwin LLC now owns 1,693 shares of the energy company's stock worth $31,000 after acquiring an additional 558 shares during the last quarter. 91.69% of the stock is owned by institutional investors and hedge funds.

Sunrun Stock Down 13.2%

The firm's 50-day moving average price is $12.53 and its 200 day moving average price is $14.21. The firm has a market capitalization of $2.17 billion, a price-to-earnings ratio of 4.25 and a beta of 2.35. The company has a debt-to-equity ratio of 3.44, a current ratio of 1.45 and a quick ratio of 1.09.

Sunrun (NASDAQ:RUN - Get Free Report) last announced its earnings results on Wednesday, August 5th. The energy company reported $0.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.23 by $0.19. The firm had revenue of $869.99 million for the quarter, compared to analyst estimates of $746.87 million. Sunrun had a net margin of 17.88% and a return on equity of 14.06%. Sunrun's revenue was up 52.8% compared to the same quarter last year. During the same quarter last year, the business earned $1.07 earnings per share. Sell-side analysts expect that Sunrun Inc. will post 1.01 EPS for the current year.

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.

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