Sunrun Inc. (RUN) Stock

Sunrun Inc. (RUN) is a Industrials stock trading at $9.36 (as of 2026-08-20), with a market capitalization of $2.23B and a trailing P/E of 3.9. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Sunrun Inc. designs, develops, installs, sells, owns, and maintains residential solar energy systems in the United States, including related products such as panels and racking. It also offers battery storage and sells solar energy systems and leads to residential customers through direct channels and a partner network.

Understand Sunrun Inc.: how it makes money

Sunrun designs, installs, sells, and maintains residential solar energy systems for homeowners in the United States, and it also sells solar-related products (including panels and racking), offers battery storage, and generates revenue from solar leads and from customer agreements and incentives.

Sunrun’s profit engine is the mix of recurring subscriber monetization (captured in ARR) plus additional revenue tied to customer agreements and incentives, alongside product and system sales.

Revenue by segment (latest quarter)
Agreements$0.5B
Solar&Products$0.2B

Business quality (Mixed): The business has a recurring-revenue component from subscribers, but the latest quarter shows negative operating margin, highlighting execution and economics risk.

Valuation: At 6× earnings, RUN trades 82% below the Electrical Equipment average (35×). Note: one-time items can distort reported P/E.

Bull case

  • Recurring revenue visibility: Sunrun reports Annual Recurring Revenue from Subscribers (ARR), reflecting ongoing monetization from its residential subscriber base.
  • Multiple monetization streams tied to the customer journey: In addition to subscriber ARR, Sunrun also generates revenue from customer agreements and incentives and from solar energy systems and product sales.

Bear case

  • Latest-quarter profitability is negative: For the quarter ended 2026-03-31, Sunrun’s operating margin is -6.0%.
  • Some revenue comes from non-retained or partially retained subscribers: Sunrun includes revenue from sale of non-retained / partially retained subscribers, which can imply less reliance on fully retained economics.
Valuation — source: SEC EDGAR (first-party)
Price$9.36
Market Cap$2.23B
P/E Ratio3.9
EV / EBITDA24.7
Price / Book0.53
Price / Sales0.70
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$2.96B
Net Margin15.2%
Revenue Growth (YoY)43.2%
EPS Growth (YoY)222.7%
Financial Health — source: SEC EDGAR
Altman Z-Score-0.01 (distress)
Valuation vs Sector & Industry
Stock P/E3.9
Sector P/E (Industrials)25.9
Industry P/E (Electrical Equipment)37.8
vs Sector-84.8%
vs Industry-89.6%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($567.74M)
Institutional Holders Tracked10
Congressional Trades (recent)1
Company
SectorIndustrials
IndustryElectrical Equipment
CEOMary Grace Powell
Employees11,058
CountryUS
IPO Date2015-08-05

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RUN earnings history · RUN institutional & insider holders · RUN KPIs & operating metrics · RUN financials · RUN investor presentations & press releases · RUN SEC filings · RUN peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.