New Risk • May 11
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 27% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings are forecast to decline by an average of 27% per year for the foreseeable future. Minor Risk Significant insider selling over the past 3 months (€6.9m sold). Reported Earnings • May 07
First quarter 2026 earnings released: EPS: US$0.71 (vs US$0.22 in 1Q 2025) First quarter 2026 results: EPS: US$0.71 (up from US$0.22 in 1Q 2025). Revenue: US$722.2m (up 43% from 1Q 2025). Net income: US$167.6m (up 235% from 1Q 2025). Profit margin: 23% (up from 9.9% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Electrical industry in Europe. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 8% per year. Anuncio • Apr 16
Sunrun Inc., Annual General Meeting, May 28, 2026 Sunrun Inc., Annual General Meeting, May 28, 2026. Recent Insider Transactions • Apr 15
CEO & Director recently sold €2.2m worth of stock On the 6th of April, Mary Powell sold around 193k shares on-market at roughly €11.48 per share. This transaction amounted to 28% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Mary has been a net seller over the last 12 months, reducing personal holdings by €2.9m. Anuncio • Apr 08
Sunrun Inc. to Report Q1, 2026 Results on May 06, 2026 Sunrun Inc. announced that they will report Q1, 2026 results After-Market on May 06, 2026 Valuation Update With 7 Day Price Move • Mar 05
Investor sentiment deteriorates as stock falls 39% After last week's 39% share price decline to €10.03, the stock trades at a forward P/E ratio of 89x. Average forward P/E is 14x in the Electrical industry in Europe. Total loss to shareholders of 58% over the past three years. New Risk • Mar 01
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 21% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings are forecast to decline by an average of 21% per year for the foreseeable future. Minor Risk Significant insider selling over the past 3 months (€569k sold). Reported Earnings • Feb 27
Full year 2025 earnings released: EPS: US$1.96 (vs US$12.81 loss in FY 2024) Full year 2025 results: EPS: US$1.96 (up from US$12.81 loss in FY 2024). Revenue: US$2.96b (up 45% from FY 2024). Net income: US$449.9m (up US$3.30b from FY 2024). Profit margin: 15% (up from net loss in FY 2024). The move to profitability was primarily driven by lower expenses. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Electrical industry in Europe. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Anuncio • Jan 28
Sunrun Inc. to Report Q4, 2025 Results on Feb 26, 2026 Sunrun Inc. announced that they will report Q4, 2025 results After-Market on Feb 26, 2026 Reported Earnings • Nov 07
Third quarter 2025 earnings released: EPS: US$0.072 (vs US$0.37 loss in 3Q 2024) Third quarter 2025 results: EPS: US$0.072 (up from US$0.37 loss in 3Q 2024). Revenue: US$724.6m (up 35% from 3Q 2024). Net income: US$16.6m (up US$100.4m from 3Q 2024). Profit margin: 2.3% (up from net loss in 3Q 2024). Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Electrical industry in Europe. Anuncio • Nov 07
Sunrun Inc. Appoints Craig Cornelius to Its Board of Directors, Effective November 6, 2025 On November 6, 2025, Craig Cornelius was appointed to the Board of Directors of Sunrun Inc. effective November 6, 2025. Mr. Cornelius will serve as a Class III director and will stand for reelection at the 2026 annual meeting of stockholders. The Board also appointed Mr. Cornelius to serve on the Audit Committee and the Nominating, Governance, and Sustainability Committee of the Board. In connection with the appointment of Mr. Cornelius, the size of the Board was increased from eight to nine. Mr. Cornelius has served as President and Chief Executive Officer of Clearway Energy Group LLC since September 2018 and as Chief Executive Officer of its public affiliate Clearway Energy Inc., since July 2024. His service as Chief Executive Officer of Clearway commenced on the company’s formation through a spin-out of NRG Energy Inc.’s clean energy businesses in 2018. Previously, Mr. Cornelius was President of NRG’s renewables division. In this capacity, he oversaw origination, development, engineering and construction, operations and asset management across the company’s businesses in wind and solar power. He joined NRG in 2013 and initially led new business development for renewables, including the establishment of new market segments, project acquisitions, and process improvement initiatives. Before joining NRG, Mr. Cornelius served for five years as a Principal and then a Managing Director in the solar investing practice at Hudson Clean Energy Partners. Previously, he was the Program Manager of the U.S. Department of Energy’s Solar Energy Technologies Program, where he led the creation of the $1.5 billion Solar America Initiative. Mr. Cornelius holds an A.B. from Princeton University in History of Science and an M.A. in Science, Technology, and Public Policy from George Washington University. Mr. Cornelius was selected to serve on the Board because of his extensive operational and financial experience and deep knowledge of the energy industry. Anuncio • Oct 14
Sunrun Inc. to Report Q3, 2025 Results on Nov 06, 2025 Sunrun Inc. announced that they will report Q3, 2025 results After-Market on Nov 06, 2025 Recent Insider Transactions • Oct 12
CEO & Director recently sold €193k worth of stock On the 6th of October, Mary Powell sold around 12k shares on-market at roughly €16.52 per share. This transaction amounted to 4.0% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Mary has been a net seller over the last 12 months, reducing personal holdings by €741k. Recent Insider Transactions • Aug 18
Lead Independent Director recently sold €105k worth of stock On the 13th of August, Alan Ferber sold around 11k shares on-market at roughly €9.59 per share. This transaction amounted to 19% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €106k. Insiders have been net sellers, collectively disposing of €463k more than they bought in the last 12 months. New Risk • Aug 12
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €380k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$3.7b free cash flow). Share price has been highly volatile over the past 3 months (22% average weekly change). Minor Risk Significant insider selling over the past 3 months (€380k sold). Buy Or Sell Opportunity • Aug 07
Now 4.5% undervalued Over the last 90 days, the stock has risen 28% to €10.18. The fair value is estimated to be €10.66, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.5% over the last 3 years. Earnings per share has declined by 87%. Revenue is forecast to grow by 25% in 2 years. Earnings are forecast to grow by 96% in the next 2 years. Reported Earnings • Aug 07
Second quarter 2025 earnings released: EPS: US$1.22 (vs US$0.63 in 2Q 2024) Second quarter 2025 results: EPS: US$1.22 (up from US$0.63 in 2Q 2024). Revenue: US$569.3m (up 8.7% from 2Q 2024). Net income: US$279.8m (up 101% from 2Q 2024). Profit margin: 49% (up from 27% in 2Q 2024). Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Electrical industry in Europe. Anuncio • Jul 14
Sunrun Inc. to Report Q2, 2025 Results on Aug 06, 2025 Sunrun Inc. announced that they will report Q2, 2025 results After-Market on Aug 06, 2025 New Risk • Jul 04
New major risk - Revenue and earnings growth Earnings have declined by 69% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$3.5b free cash flow). Share price has been highly volatile over the past 3 months (23% average weekly change). Earnings have declined by 69% per year over the past 5 years. Minor Risk Significant insider selling over the past 3 months (€570k sold). New Risk • Jun 24
New major risk - Revenue and earnings growth Earnings have declined by 69% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$3.5b free cash flow). Share price has been highly volatile over the past 3 months (22% average weekly change). Earnings have declined by 69% per year over the past 5 years. Minor Risk Significant insider selling over the past 3 months (€570k sold). New Risk • Jun 03
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €546k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$3.5b free cash flow). Share price has been highly volatile over the past 3 months (19% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$260m net loss in 3 years). Significant insider selling over the past 3 months (€546k sold). Recent Insider Transactions • May 14
Key Executive recently bought €489k worth of stock On the 12th of May, Edward Fenster bought around 50k shares on-market at roughly €9.78 per share. This transaction amounted to 3.7% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €972k. Edward has been a buyer over the last 12 months, purchasing a net total of €1.5m worth in shares. Reported Earnings • May 08
First quarter 2025 earnings released: EPS: US$0.22 (vs US$0.40 loss in 1Q 2024) First quarter 2025 results: EPS: US$0.22 (up from US$0.40 loss in 1Q 2024). Revenue: US$504.3m (up 10% from 1Q 2024). Net income: US$50.0m (up US$137.8m from 1Q 2024). Profit margin: 9.9% (up from net loss in 1Q 2024). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Electrical industry in Europe. Anuncio • May 08
Sunrun Introduces Sunrun Flex, A Superior Solar and Storage Solution for Consumers Sunrun introduced Sunrun Flex™?, the first solar and battery storage solution designed to adapt to customers' changing energy needs. This new offering marks the first significant financial innovation in the solar industry in nearly two decades, since Sunrun introduced the residential Power Purchase Agreement in 2007. Flex is a smarter way to design solar energy for homes with protection against increased energy use from life events, such as growing a family or purchasing an electric vehicle. Customers enjoy a predictable monthly minimum payment, while only paying for extra energy above their pre-solar consumption baseline when they use it at a low, locked-in Flex Rate. Flex households also benefit from battery backup during outages and the exclusive opportunity to earn Sunrun Rollover Credits--the first offering of its kind in the solar industry. Until now, home solar systems were designed to either match a household's current energy usage or be oversized in anticipation of future needs--pot potentially resulting in either unmet needs as energy usage increases or generating solar energy that is not used immediately. Flex removes any uncertainty, offering a solution that fits families' needs now and in the future. Key benefits with Sunrun Flex include: Cost Predictability: Customers enjoy predictable, affordable monthly payments, with the ability to "flex" their energy usage as life changes--all while knowing exactly what their cost per kilowatt hour will be. Rollover Credits: When customers use less energy than their baseline, they earn credits they can then apply when they use more energy in the future. This allows customers to bank credits during months of less energy demand and apply them later when they exceed their baseline. Premium Storage: Sunrun Flex comes standard with premium battery storage, providing most homes with full backup energy protection during outages and helping customers avoid peak utility rates by using stored solar power in the evenings. Grid Services: Flex customers are enrolled in Sunrun's grid services programs and are compensated for participating, where available. Performance Guarantee: Every Sunrun Flex subscription includes 24/7 system monitoring, free maintenance and repairs, a solar performance and battery health guarantee, and Flex Guarantee, which ensures a customer will not pay Sunrun more than the panels produce annually. Anuncio • May 01
Sunrun Inc., Annual General Meeting, Jun 11, 2025 Sunrun Inc., Annual General Meeting, Jun 11, 2025. Recent Insider Transactions • Apr 16
CEO & Director recently sold €193k worth of stock On the 7th of April, Mary Powell sold around 31k shares on-market at roughly €6.17 per share. This transaction amounted to 5.5% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Mary has been a net seller over the last 12 months, reducing personal holdings by €655k. Anuncio • Apr 15
Sunrun Inc. to Report Q1, 2025 Results on May 07, 2025 Sunrun Inc. announced that they will report Q1, 2025 results After-Market on May 07, 2025 Recent Insider Transactions • Apr 11
CEO & Director recently sold €193k worth of stock On the 7th of April, Mary Powell sold around 31k shares on-market at roughly €6.17 per share. This transaction amounted to 5.5% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Mary has been a net seller over the last 12 months, reducing personal holdings by €655k. Board Change • Apr 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 4 highly experienced directors. Director John Trinta was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Mar 05
Key Executive recently bought €972k worth of stock On the 3rd of March, Edward Fenster bought around 150k shares on-market at roughly €6.48 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Edward has been a buyer over the last 12 months, purchasing a net total of €942k worth in shares. Anuncio • Feb 28
Sunrun Inc. Announces Impairment Charges for the Fourth Quarter Ended December 31, 2024 Sunrun Inc. announced Impairment charges for the fourth quarter ended December 31, 2024. For the quarter, the company announced Goodwill Impairment of $3,122,168,000. New Risk • Feb 19
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$3.2b free cash flow). Share price has been highly volatile over the past 3 months (9.9% average weekly change). Earnings are forecast to decline by an average of 0.2% per year for the foreseeable future. Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$361m net loss in 3 years). Significant insider selling over the past 3 months (€272k sold). Anuncio • Feb 13
Sunrun Inc. Appoints Maria Barak as Chief Accounting Officer On February 6, 2025, the Board of Directors of Sunrun Inc. approved the appointment of Ms. Maria Barak as the Company’s Chief Accounting Officer, effective immediately. In this role, she will serve as the Company’s Principal Accounting Officer. Mr. Danny Abajian served as the Principal Accounting Officer through the date of Ms. Barak’s appointment and will continue to serve as the Company’s Principal Financial Officer. Ms. Barak joined the Company as the Director of Accounting, Strategic Partnerships in August 2017, and served as the Company’s VP, Corporate Controller from March 2023 to February 2025, until becoming the Chief Accounting Officer. Previously, Ms. Barak was an independent accounting professional. She started her career with Deloitte & Touche. Ms. Barak is a Certified Public Accountant with an M.B.A. from the University of California, Berkeley, Haas School of Business and a B.A. in Business Economics with an Accounting Emphasis from University of California, Santa Barbara. Ms. Barak is 42 years old. Board Change • Feb 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 4 highly experienced directors. Director John Trinta was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Anuncio • Jan 23
Sunrun Inc. to Report Q4, 2024 Results on Feb 27, 2025 Sunrun Inc. announced that they will report Q4, 2024 results After-Market on Feb 27, 2025 Anuncio • Dec 26
Sunrun Inc. Announces Board Changes On December 17, 2024, Gerald Risk resigned from the board of directors (the “ Board ”) of Sunrun Inc. (the “ Company ”) and his role as Audit Committee Chairperson, effective as of January 1, 2025 (the “ Effective Date ”). Following Mr. Risk’s resignation, the Board has approved a decrease in the size of the Board from ten (10) to nine (9) directors, effective as of the Effective Date. Mr. Risk’s resignation from the Board is not due to any disagreement with the Company, the Board or management of the Company. The Board appointed John Trinta as Audit Committee Chair to fill the vacancy created by Mr. Risk’s departure from the position, effective as of January 1, 2025. Mr. Trinta has served on the Board and been a member of the Audit Committee since October 2024. Reported Earnings • Nov 08
Third quarter 2024 earnings released: US$0.37 loss per share (vs US$4.92 loss in 3Q 2023) Third quarter 2024 results: US$0.37 loss per share (improved from US$4.92 loss in 3Q 2023). Revenue: US$537.2m (down 4.6% from 3Q 2023). Net loss: US$83.8m (loss narrowed 92% from 3Q 2023). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Electrical industry in Europe. Anuncio • Oct 30
Sunrun Inc. Appoints John Trinta as Member of the Board of Directors and Audit Committee of the Board Sunrun Inc. announced the appointment of John Trinta, former CEO of Deloitte Financial Advisory Services, as a member of the company’s board of directors (the ‘Board’) and Audit Committee of the Board. Mr. Trinta brings nearly 40 years of expertise in tax and accounting, paired with a proven track record in driving strategic growth and leading organizations to new heights. The company announced that, having spent nearly four decades at Deloitte, he brings exceptional expertise in finance, accounting, and tax—critical skills as the company navigate complexities and continue to position the company as a market leader in the clean energy sector. Mr. Trinta is a seasoned finance professional with a distinguished career in finance, accounting, and tax. From June 1998 to May 2020, Mr. Trinta held several executive positions at Deloitte, including as the CEO of Deloitte Financial Advisory Services, Deputy CEO of Advisory Services, Partner in Charge of Americas Financial Advisory Services, and Deputy National Managing Partner in Tax Services. He also served on Deloitte’s U.S. and Functional Global Board of Directors from 2003 to 2005. During his time at Deloitte, Mr. Trinta spearheaded Deloitte’s merger of Financial Advisory and Risk practices and co-led Deloitte’s purchase and integration of various tax and advisory businesses. Mr. Trinta holds a Bachelor of Science degree in Business Administration with a concentration in accounting from California State University, Chico, and a Master of Science degree in Taxation from Golden Gate University. Anuncio • Oct 08
Sunrun Inc. to Report Q3, 2024 Results on Nov 07, 2024 Sunrun Inc. announced that they will report Q3, 2024 results After-Market on Nov 07, 2024 Reported Earnings • Aug 07
Second quarter 2024 earnings released: EPS: US$0.63 (vs US$0.26 in 2Q 2023) Second quarter 2024 results: EPS: US$0.63 (up from US$0.26 in 2Q 2023). Revenue: US$523.9m (down 11% from 2Q 2023). Net income: US$139.1m (up 151% from 2Q 2023). Profit margin: 27% (up from 9.4% in 2Q 2023). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Electrical industry in Europe. Anuncio • Jul 11
Sunrun Inc. to Report Q2, 2024 Results on Aug 06, 2024 Sunrun Inc. announced that they will report Q2, 2024 results After-Market on Aug 06, 2024 Board Change • Jul 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 5 highly experienced directors. Independent Director Manjula Talreja was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Jun 14
Independent Director recently sold €302k worth of stock On the 10th of June, Katherine August-deWilde sold around 24k shares on-market at roughly €12.79 per share. This transaction amounted to 21% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €2.7m more than they bought in the last 12 months. Reported Earnings • May 09
First quarter 2024 earnings released: US$0.40 loss per share (vs US$1.12 loss in 1Q 2023) First quarter 2024 results: US$0.40 loss per share (improved from US$1.12 loss in 1Q 2023). Revenue: US$458.2m (down 22% from 1Q 2023). Net loss: US$87.8m (loss narrowed 64% from 1Q 2023). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Electrical industry in Europe. New Risk • Apr 30
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.9% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$3.4b free cash flow). Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$99m net loss in 3 years). Shareholders have been diluted in the past year (2.9% increase in shares outstanding). Significant insider selling over the past 3 months (€1.5m sold). Anuncio • Apr 12
Sunrun Inc. to Report Q1, 2024 Results on May 08, 2024 Sunrun Inc. announced that they will report Q1, 2024 results After-Market on May 08, 2024 Recent Insider Transactions • Apr 12
CEO & Director recently sold €251k worth of stock On the 8th of April, Mary Powell sold around 23k shares on-market at roughly €11.12 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Mary has been a net seller over the last 12 months, reducing personal holdings by €629k. New Risk • Feb 23
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$3.4b free cash flow). Share price has been highly volatile over the past 3 months (16% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$102m net loss in 3 years). Shareholders have been diluted in the past year (2.4% increase in shares outstanding). Significant insider selling over the past 3 months (€344k sold). Reported Earnings • Feb 22
Full year 2023 earnings released: US$7.41 loss per share (vs US$0.82 profit in FY 2022) Full year 2023 results: US$7.41 loss per share (down from US$0.82 profit in FY 2022). Revenue: US$2.26b (down 2.7% from FY 2022). Net loss: US$1.60b (down US$1.78b from profit in FY 2022). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Electrical industry in Europe. Anuncio • Jan 13
Sunrun Inc. to Report Q4, 2023 Results on Feb 21, 2024 Sunrun Inc. announced that they will report Q4, 2023 results After-Market on Feb 21, 2024 New Risk • Nov 04
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$3.5b free cash flow). Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$52m net loss in 3 years). Shareholders have been diluted in the past year (2.2% increase in shares outstanding). Significant insider selling over the past 3 months (€342k sold). New Risk • Nov 02
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: US$1.2b Forecast net loss in 3 years: US$19m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$3.5b free cash flow). Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$19m net loss in 3 years). Significant insider selling over the past 3 months (€342k sold). New Risk • Oct 18
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings are forecast to decline by an average of 0.2% per year for the foreseeable future. High level of non-cash earnings (21% accrual ratio). Minor Risks Shareholders have been diluted in the past year (2.4% increase in shares outstanding). Significant insider selling over the past 3 months (€342k sold). Valuation Update With 7 Day Price Move • Oct 13
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €11.25, the stock trades at a trailing P/E ratio of 28.9x. Average forward P/E is 14x in the Electrical industry in Europe. Anuncio • Oct 05
Sunrun Inc. to Report Q3, 2023 Results on Nov 01, 2023 Sunrun Inc. announced that they will report Q3, 2023 results After-Market on Nov 01, 2023 Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €11.21, the stock trades at a trailing P/E ratio of 30.1x. Average forward P/E is 14x in the Electrical industry in Europe. Anuncio • Sep 27
Sunrun Appoints Rachit Srivastava as Head of Artificial Intelligence Sunrun appointed Rachit Srivastava as Head of Artificial Intelligence (AI). Rachit joins Sunrun after nearly three years as Head of Machine Learning at Cockroach Labs. As Head of AI, Rachit will lead Sunrun’s AI strategy and focus on driving innovation and integrating cutting-edge technologies in artificial intelligence, machine learning, and data analytics across Sunrun’s products and services. His efforts will lead to increased customer value and a more intelligent, personalized experience, as well as improved cost efficiency and reduced cycle times. Rachit has extensive knowledge in artificial intelligence with nearly 17 years of experience in building machine learning products and statistical models for a variety of industries, including finance, advertising technology, location intelligence, health technology and infrastructure. He has developed forecasting algorithms and consumer behavior models for some of the large financial institutions, including Morgan Stanley and Goldman Sachs. Rachit most recently led machine learning and data science for Cockroach Labs, where he helped scale a distributed SQL database used by prominent companies across several consumer-facing industries. Prior to Cockroach Labs, he used AI and machine learning to build trading signals from alternative data sets in his role as Vice President of Research and Modeling at Two Sigma, a leading quantitative trading hedge fund. He holds a Master of Science in Computational Finance from Carnegie Mellon University and a Master of Science in Electrical Engineering from the University of Southern California. He also holds a Bachelor of Software Engineering from the University of New South Wales in Australia. New Risk • Sep 06
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 10% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (9.5% average weekly change). Earnings are forecast to decline by an average of 10% per year for the foreseeable future. High level of non-cash earnings (21% accrual ratio). Minor Risk Shareholders have been diluted in the past year (2.4% increase in shares outstanding). Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €12.75, the stock trades at a trailing P/E ratio of 33.8x. Average forward P/E is 15x in the Electrical industry in Europe. New Risk • Aug 04
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (11% average weekly change). High level of non-cash earnings (21% accrual ratio). Minor Risks Shareholders have been diluted in the past year (2.4% increase in shares outstanding). Significant insider selling over the past 3 months (€521k sold). Reported Earnings • Aug 03
Second quarter 2023 earnings released: EPS: US$0.26 (vs US$0.059 loss in 2Q 2022) Second quarter 2023 results: EPS: US$0.26 (up from US$0.059 loss in 2Q 2022). Revenue: US$590.2m (up 1.0% from 2Q 2022). Net income: US$55.5m (up US$67.9m from 2Q 2022). Profit margin: 9.4% (up from net loss in 2Q 2022). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Electrical industry in Europe. Anuncio • Jul 28
Sunrun Stands Ready for New Emergency Demand Response Program in Puerto Rico as Energy Instability Continues to Plague Local Residents Sunrun announced its fleet is ready for participation in the Battery Emergency Demand Response program in Puerto Rico. This is the first distributed power plant program in the nation that specifically focuses on rapid emergency response from thousands of residential solar and storage systems when the island's aging oil- and gas-fired power plants fail or when electricity generation issues arise that could lead to rolling blackouts. Puerto Rico leads the U.S. in total hours of electricity outages. Millions of residents collectively experienced more than 300 million hours of power disruptions in 2022, according to PowerOutage.us. In June, tens of thousands were without electricity as the island reached a record-breaking heat index of 125 degrees, knocking one oil-fired power plant out of service. This innovative distributed power plant program was formed in response to the island’s outages that regularly occur multiple times a week. The program gives the utility provider on the island access to flexible and cost-effective power from residential energy resources in order to alleviate pressure on the power grid during periods of peak demand, combat climate change, and improve the dependability of the island’s overall energy system. Sunrun is ready to enroll its solar-plus-storage customers into the program and expects thousands of opt-ins as it prepares to respond to requests for emergency power. The program anticipates 75 to 125 dispatch events in the first year with an average duration of two hours. Customers participating in the program will receive a pay-for-performance payment from Sunrun estimated at hundreds of dollars per battery, which can reduce costs and help stabilize the grid simultaneously. In the event of a local power outage, batteries enrolled in the program will retain enough backup energy to meet personal, essential needs. The Battery Emergency Demand Response program is separate from the 17-megawatt distributed power plant project Sunrunannounced in Puerto Rico last year. The company will begin enrolling 7,000 customers this year and will provide ?solar power to the grid every day at scheduled times beginning in 2024. Anuncio • Jun 30
Sunrun Inc. to Report Q2, 2023 Results on Aug 02, 2023 Sunrun Inc. announced that they will report Q2, 2023 results After-Market on Aug 02, 2023 Reported Earnings • May 04
First quarter 2023 earnings released: US$1.12 loss per share (vs US$0.42 loss in 1Q 2022) First quarter 2023 results: US$1.12 loss per share (further deteriorated from US$0.42 loss in 1Q 2022). Revenue: US$589.8m (up 19% from 1Q 2022). Net loss: US$240.4m (loss widened 174% from 1Q 2022). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Electrical industry in Europe. Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €18.74, the stock trades at a trailing P/E ratio of 24.9x. Average forward P/E is 18x in the Electrical industry in Europe. Recent Insider Transactions • Mar 19
Key Executive recently sold €114k worth of stock On the 17th of March, Edward Fenster sold around 7k shares on-market at roughly €17.34 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €443k. Edward has been a net seller over the last 12 months, reducing personal holdings by €882k. Recent Insider Transactions • Mar 15
CEO & Director recently sold €443k worth of stock On the 6th of March, Mary Powell sold around 19k shares on-market at roughly €23.89 per share. This transaction amounted to 19% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Mary has been a net seller over the last 12 months, reducing personal holdings by €748k. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €19.77, the stock trades at a trailing P/E ratio of 26.3x. Average forward P/E is 18x in the Electrical industry in Europe. Reported Earnings • Feb 24
Full year 2022 earnings released: EPS: US$0.82 (vs US$0.39 loss in FY 2021) Full year 2022 results: EPS: US$0.82 (up from US$0.39 loss in FY 2021). Revenue: US$2.32b (up 44% from FY 2021). Net income: US$173.4m (up US$252.8m from FY 2021). Profit margin: 7.5% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue is forecast to grow 10.0% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Electrical industry in Europe. Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €21.68, the stock trades at a trailing P/E ratio of 68.3x. Average forward P/E is 19x in the Electrical industry in Europe. Anuncio • Jan 31
Sunrun Inc. to Report Q4, 2022 Results on Feb 22, 2023 Sunrun Inc. announced that they will report Q4, 2022 results at 4:00 PM, US Eastern Standard Time on Feb 22, 2023 Valuation Update With 7 Day Price Move • Jan 25
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €21.55, the stock trades at a trailing P/E ratio of 77.4x. Average forward P/E is 18x in the Electrical industry in Europe. Recent Insider Transactions • Dec 23
Co-Founder recently sold €141k worth of stock On the 15th of December, Lynn Jurich sold around 5k shares on-market at roughly €29.45 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Lynn has been a net seller over the last 12 months, reducing personal holdings by €955k. 
