NasdaqGS:RUN

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Executive Summary

Sunrun Inc. engages in the design, development, installation, sale, ownership, and maintenance of residential solar energy systems in the United States.


Snowflake Analysis

Reasonable growth potential with questionable track record.


Similar Companies

Share Price & News

How has Sunrun's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: RUN's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

26.9%

RUN

6.0%

US Electrical

3.0%

US Market


1 Year Return

148.3%

RUN

24.2%

US Electrical

15.8%

US Market

Return vs Industry: RUN exceeded the US Electrical industry which returned 20.6% over the past year.

Return vs Market: RUN exceeded the US Market which returned 15.4% over the past year.


Shareholder returns

RUNIndustryMarket
7 Day26.9%6.0%3.0%
30 Day77.8%12.1%6.0%
90 Day215.0%23.9%16.4%
1 Year148.3%148.3%26.6%24.2%18.4%15.8%
3 Year595.5%595.5%37.8%30.4%44.8%35.4%
5 Year359.8%359.8%33.3%23.4%75.7%56.7%

Price Volatility Vs. Market

How volatile is Sunrun's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Sunrun undervalued compared to its fair value and its price relative to the market?

447.6x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate RUN's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate RUN's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: RUN is poor value based on its PE Ratio (447.6x) compared to the US Electrical industry average (21.5x).

PE vs Market: RUN is poor value based on its PE Ratio (447.6x) compared to the US market (18.5x).


Price to Earnings Growth Ratio

PEG Ratio: RUN is poor value based on its PEG Ratio (8.8x)


Price to Book Ratio

PB vs Industry: RUN is overvalued based on its PB Ratio (6.4x) compared to the US Electrical industry average (2.7x).


Next Steps

Future Growth

How is Sunrun forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

51.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: RUN's forecast earnings growth (51.1% per year) is above the savings rate (2.2%).

Earnings vs Market: RUN's earnings (51.1% per year) are forecast to grow faster than the US market (22.6% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: RUN's revenue (11.8% per year) is forecast to grow faster than the US market (9.4% per year).

High Growth Revenue: RUN's revenue (11.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: RUN's Return on Equity is forecast to be low in 3 years time (1.6%).


Next Steps

Past Performance

How has Sunrun performed over the past 5 years?

26.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: RUN has a high level of non-cash earnings.

Growing Profit Margin: RUN became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: RUN has become profitable over the past 5 years, growing earnings by 26.6% per year.

Accelerating Growth: RUN has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: RUN has become profitable in the last year, making it difficult to compare its past year earnings growth to the Electrical industry (-23.1%).


Return on Equity

High ROE: RUN's Return on Equity (-25.6%) is considered low.


Next Steps

Financial Health

How is Sunrun's financial position?


Financial Position Analysis

Short Term Liabilities: RUN's short term assets ($707.8M) exceed its short term liabilities ($474.8M).

Long Term Liabilities: RUN's short term assets ($707.8M) do not cover its long term liabilities ($3.8B).


Debt to Equity History and Analysis

Debt Level: RUN's debt to equity ratio (161.1%) is considered high.

Reducing Debt: RUN's debt to equity ratio has increased from 43.8% to 161.1% over the past 5 years.

Debt Coverage: RUN's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if RUN's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is Sunrun current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate RUN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate RUN's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if RUN's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if RUN's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of RUN's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.3yrs

Average management tenure


CEO

Lynn Jurich (40 yo)

6.42yrs

Tenure

US$5,431,884

Compensation

Ms. Lynn Michelle Jurich is a Co-Founder of SunRun Inc. and has been its Chief Executive Officer since February 4, 2014. Ms. Jurich served as Co-Chief Executive Officer of SunRun Inc. October 2012 to Marc ...


CEO Compensation Analysis

Compensation vs Market: Lynn's total compensation ($USD5.43M) is about average for companies of similar size in the US market ($USD7.33M).

Compensation vs Earnings: Lynn's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Edward Fenster
Co-Founder & Executive Chairman of the Board6.42yrsUS$4.03m1.19%
$ 66.5m
Lynn Jurich
Co-Founder6.42yrsUS$5.43m2.27%
$ 126.9m
Christopher Dawson
Chief Operating Officer2.67yrsUS$1.82m0.068%
$ 3.8m
Jeanna Steele
General Counsel & Corporate Secretary2.25yrsUS$1.33m0.014%
$ 796.7k
Thomas VonReichbauer
Chief Financial Officer0.25yrno datano data
Michelle Philpot
Chief Accounting Officer1yrno data0.0074%
$ 412.6k
Patrick Jobin
Senior VP of Finance & Investor Relationsno datano datano data
Georgia Dempsey
Director of Corporate Communicationno datano datano data
Sejal Daswani
Chief Human Resources Officer1.58yrsno datano data
Anne Hoskins
Chief Policy Officer3.92yrsno datano data
Antonio C. Cintra
President of AEE Solarno datano datano data

2.3yrs

Average Tenure

45yo

Average Age

Experienced Management: RUN's management team is considered experienced (2.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Edward Fenster
Co-Founder & Executive Chairman of the Board6.42yrsUS$4.03m1.19%
$ 66.5m
Lynn Jurich
Co-Founder6.42yrsUS$5.43m2.27%
$ 126.9m
Katherine August-deWilde
Independent Director4.58yrsUS$226.24k0.11%
$ 6.0m
Mary Powell
Independent Director2.5yrsUS$216.24k0.023%
$ 1.3m
Leslie Dach
Independent Director4.25yrsUS$214.99k0.080%
$ 4.5m
Alan Ferber
Independent Director2.5yrsUS$212.95k0.023%
$ 1.3m
Gerald Risk
Lead Independent Directorno dataUS$244.08k0.46%
$ 26.0m

4.4yrs

Average Tenure

53yo

Average Age

Experienced Board: RUN's board of directors are considered experienced (4.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: RUN insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4.5%.


Top Shareholders

Company Information

Sunrun Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Sunrun Inc.
  • Ticker: RUN
  • Exchange: NasdaqGS
  • Founded: 2007
  • Industry: Electrical Components and Equipment
  • Sector: Capital Goods
  • Market Cap: US$5.599b
  • Shares outstanding: 120.33m
  • Website: https://www.sunrun.com

Number of Employees


Location

  • Sunrun Inc.
  • 225 Bush Street
  • Suite 1400
  • San Francisco
  • California
  • 94104
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
RUNNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDAug 2015
3S9DB (Deutsche Boerse AG)YesCommon StockDEEURAug 2015

Biography

Sunrun Inc. engages in the design, development, installation, sale, ownership, and maintenance of residential solar energy systems in the United States. It also sells solar energy systems and products, suc ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/06 23:43
End of Day Share Price2020/08/06 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.