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Sunrun Inc. (RUN) Stock Fundamental Analysis & AI Rating 2026

RUN Nasdaq Miscellaneous Electrical Machinery, Equipment & Supplies DE CIK: 0001469367
Recently Updated • Analysis: Apr 15, 2026 • SEC Data: 2025-12-31
HOLD
65% Conf
Pending
Analysis scheduled

📊 RUN Key Takeaways

Revenue: $3.0B
Net Margin: 15.2%
Free Cash Flow: $-423.0M
Current Ratio: 1.66x
Debt/Equity: 4.69x
EPS: $1.71
AI Rating: HOLD with 65% confidence
Sunrun Inc. (RUN) receives a HOLD rating with 65% confidence from our AI fundamental analysis based on SEC 10-K filings. With revenue of $3.0B, net profit margin of 15.2%, and return on equity (ROE) of 14.4%, Sunrun Inc. demonstrates mixed fundamentals in the Utilities sector. Below is our complete RUN stock analysis for 2026.

Is Sunrun Inc. (RUN) a Good Investment?

Claude

Sunrun exhibits exceptional revenue growth of 45.1% YoY and positive net income, but fundamental concerns persist: negative operating margins (-4.3%), negative operating cash flow (-$421M), and negative free cash flow (-$423M) indicate core operations are not self-sustaining. Combined with extreme leverage (4.69x debt/equity ratio), the company faces material financial stress despite strong top-line expansion.

Why Buy Sunrun Inc. Stock? RUN Key Strengths

Claude
  • + Exceptional revenue growth of 45.1% YoY demonstrates strong market demand in renewable energy sector
  • + Net income of $449.9M with 144.6% YoY growth shows improving reported profitability
  • + Adequate liquidity position with $823.4M cash and 1.66x current ratio provides near-term flexibility

RUN Stock Risks: Sunrun Inc. Investment Risks

Claude
  • ! Negative operating cash flow of -$421.4M reveals core operations are cash-consumptive, unsustainable without external funding
  • ! Extreme leverage of 4.69x debt/equity with $14.7B long-term debt plus negative FCF creates refinancing and solvency risk
  • ! Disconnect between positive net income and negative operating income (-$126.1M) indicates reliance on non-operational gains and suggests poor quality of earnings
  • ! Negative free cash flow margin of -14.3% shows company cannot self-fund operations or debt service from business performance

Key Metrics to Watch

Claude
  • * Operating cash flow trajectory and path to positive cash generation
  • * Operating margin expansion as installation scale increases and customer base matures
  • * Debt service coverage ratio and debt refinancing activity over next 12-24 months

Sunrun Inc. (RUN) Financial Metrics & Key Ratios

Revenue
$3.0B
Net Income
$449.9M
EPS (Diluted)
$1.71
Free Cash Flow
$-423.0M
Total Assets
$22.6B
Cash Position
$823.4M

💡 AI Analyst Insight

Sunrun Inc. presents a mixed fundamental picture. Review the detailed metrics above to form your own investment thesis.

RUN Profit Margin, ROE & Profitability Analysis

Gross Margin N/A
Operating Margin -4.3%
Net Margin 15.2%
ROE 14.4%
ROA 2.0%
FCF Margin -14.3%

RUN vs Utilities Sector: How Sunrun Inc. Compares

How Sunrun Inc. compares to Utilities sector averages

Net Margin
RUN 15.2%
vs
Sector Avg 12.0%
RUN Sector
ROE
RUN 14.4%
vs
Sector Avg 10.0%
RUN Sector
Current Ratio
RUN 1.7x
vs
Sector Avg 0.8x
RUN Sector
Debt/Equity
RUN 4.7x
vs
Sector Avg 1.4x
RUN Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Sunrun Inc. Stock Overvalued? RUN Valuation Analysis 2026

Based on fundamental analysis, Sunrun Inc. has mixed fundamental signals relative to the Utilities sector in 2026.

Return on Equity
14.4%
Sector avg: 10%
Net Profit Margin
15.2%
Sector avg: 12%
Revenue Growth
N/A
Year-over-year
Debt/Equity
4.69x
Sector avg: 1.4x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Sunrun Inc. Balance Sheet: RUN Debt, Cash & Liquidity

Current Ratio
1.66x
Quick Ratio
1.27x
Debt/Equity
4.69x
Debt/Assets
78.0%
Interest Coverage
N/A
Long-term Debt
$14.7B

RUN Revenue & Earnings Growth: 5-Year Financial Trend

RUN 5-year financial data: Year 2021: Revenue $1.6B, Net Income $26.3M, EPS $0.21. Year 2022: Revenue $2.3B, Net Income -$173.4M, EPS $-1.24. Year 2023: Revenue $2.3B, Net Income -$79.4M, EPS $-0.39. Year 2024: Revenue $2.3B, Net Income $173.4M, EPS $0.80. Year 2025: Revenue $3.0B, Net Income -$1.6B, EPS $-7.41.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Sunrun Inc.'s revenue has grown significantly by 84% over the 5-year period, indicating strong business expansion. The most recent EPS of $-7.41 indicates the company is currently unprofitable.

RUN Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
-14.3%
Free cash flow / Revenue

RUN Quarterly Earnings & Performance

Quarterly financial performance data for Sunrun Inc. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q3 2025 $537.2M $16.6M $0.06
Q2 2025 $523.9M $51.3M $0.23
Q1 2025 $458.2M $50.0M $0.20
Q3 2024 $537.2M -$32.5M $-0.15
Q2 2024 $523.9M $51.3M $0.23
Q1 2024 $458.2M -$87.8M $-0.40
Q3 2023 $563.2M $110.4M $0.51
Q2 2023 $584.6M -$12.4M $-0.06

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Sunrun Inc. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
-$421.4M
Cash generated from operations
Capital Expenditures
$1.6M
Investment in assets
Dividends
None
No dividend program

RUN SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Sunrun Inc. (CIK: 0001469367)

📋 Recent SEC Filings

Date Form Document Action
Apr 14, 2026 4 xslF345X06/wk-form4_1776199728.xml View →
Apr 14, 2026 4 xslF345X06/wk-form4_1776199612.xml View →
Apr 14, 2026 4 xslF345X06/wk-form4_1776199440.xml View →
Apr 14, 2026 4 xslF345X06/wk-form4_1776199165.xml View →
Apr 14, 2026 4 xslF345X06/wk-form4_1776199015.xml View →

Frequently Asked Questions about RUN

What is the AI rating for RUN?

Sunrun Inc. (RUN) has an AI rating of HOLD with 65% confidence, based on fundamental analysis of SEC EDGAR filings.

What are RUN's key strengths?

Claude: Exceptional revenue growth of 45.1% YoY demonstrates strong market demand in renewable energy sector. Net income of $449.9M with 144.6% YoY growth shows improving reported profitability.

What are the risks of investing in RUN?

Claude: Negative operating cash flow of -$421.4M reveals core operations are cash-consumptive, unsustainable without external funding. Extreme leverage of 4.69x debt/equity with $14.7B long-term debt plus negative FCF creates refinancing and solvency risk.

What is RUN's revenue and growth?

Sunrun Inc. reported revenue of $3.0B.

Does RUN pay dividends?

Sunrun Inc. does not currently pay dividends.

Where can I find RUN SEC filings?

Official SEC filings for Sunrun Inc. (CIK: 0001469367) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is RUN's EPS?

Sunrun Inc. has a diluted EPS of $1.71.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.

Is RUN a good stock to buy right now?

Based on our AI fundamental analysis in April 2026, Sunrun Inc. has a HOLD rating with 65% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.

Is RUN stock overvalued or undervalued?

Valuation metrics for RUN: ROE of 14.4% (sector avg: 10%), net margin of 15.2% (sector avg: 12%). Higher ROE suggests strong returns relative to peers.

Should I buy RUN stock in 2026?

Our dual AI analysis gives Sunrun Inc. a combined HOLD rating for 2026. Revenue is data pending, with profitability above sector average. Always conduct your own research.

What is RUN's free cash flow?

Sunrun Inc.'s operating cash flow is $-421.4M, with capital expenditures of $1.6M. FCF margin is -14.3%.

How does RUN compare to other Utilities stocks?

Vs Utilities sector averages: Net margin 15.2% (avg: 12%), ROE 14.4% (avg: 10%), current ratio 1.66 (avg: 0.8).

Is Sunrun Inc. carrying too much debt?

RUN has a debt-to-equity ratio of 4.69x, which is above the Utilities sector average of 1.4x. However, the current ratio of 1.66 suggests adequate short-term liquidity.

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: Apr 15, 2026 | Data as of: 2025-12-31 | Powered by Claude AI