company background image
RUN

Sunrun NasdaqGS:RUN Stock Report

Last Price

US$25.22

Market Cap

US$5.3b

7D

5.8%

1Y

-53.6%

Updated

26 Jun, 2022

Data

Company Financials +
RUN fundamental analysis
Snowflake Score
Valuation1/6
Future Growth1/6
Past Performance0/6
Financial Health1/6
Dividends0/6

RUN Stock Overview

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

Sunrun Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Sunrun
Historical stock prices
Current Share PriceUS$25.22
52 Week HighUS$60.60
52 Week LowUS$16.80
Beta2.22
1 Month Change-4.61%
3 Month Change-21.34%
1 Year Change-53.62%
3 Year Change34.44%
5 Year Change254.21%
Change since IPO134.17%

Recent News & Updates

May 20

Sunrun: Run To Buy In June

June offers a kurtosis trade for RUN, with a high historical win percentage. The recent earnings call shows a change in management sentiment, turning optimistic. Management has plans to deal with the major headwinds the company is currently facing, reducing the potential impact of rising energy, labor, and material costs. I recommend selling puts (equivalent to covered calls) over the summer for conservative investors; for the risk-tolerant, I recommend buying the stock.

Shareholder Returns

RUNUS ElectricalUS Market
7D5.8%4.9%6.6%
1Y-53.6%-26.9%-18.4%

Return vs Industry: RUN underperformed the US Electrical industry which returned -26.9% over the past year.

Return vs Market: RUN underperformed the US Market which returned -18.4% over the past year.

Price Volatility

Is RUN's price volatile compared to industry and market?
RUN volatility
RUN Average Weekly Movement13.5%
Electrical Industry Average Movement11.6%
Market Average Movement8.1%
10% most volatile stocks in US Market16.6%
10% least volatile stocks in US Market3.2%

Stable Share Price: RUN is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 14% a week.

Volatility Over Time: RUN's weekly volatility (14%) has been stable over the past year, but is still higher than 75% of US stocks.

About the Company

FoundedEmployeesCEOWebsite
200711,383Mary Powellhttps://www.sunrun.com

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, such as panels and racking; and solar leads generated to customers. In addition, the company offers battery storage along with solar energy systems.

Sunrun Fundamentals Summary

How do Sunrun's earnings and revenue compare to its market cap?
RUN fundamental statistics
Market CapUS$5.30b
Earnings (TTM)-US$143.41m
Revenue (TTM)US$1.77b

3.0x

P/S Ratio

-37.0x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
RUN income statement (TTM)
RevenueUS$1.77b
Cost of RevenueUS$1.52b
Gross ProfitUS$248.20m
Other ExpensesUS$391.61m
Earnings-US$143.41m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.68
Gross Margin14.02%
Net Profit Margin-8.10%
Debt/Equity Ratio93.3%

How did RUN perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is RUN undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for RUN?

Other financial metrics that can be useful for relative valuation.

RUN key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue7.7x
Enterprise Value/EBITDA-49.7x
PEG Ration/a

Price to Sales Ratio vs Peers

How does RUN's PS Ratio compare to its peers?

RUN PS Ratio vs Peers
The above table shows the PS ratio for RUN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average5.7x
ATKR Atkore
1x-2.5%US$3.6b
NVT nVent Electric
2x0.4%US$5.3b
CHPT ChargePoint Holdings
18.5x36.8%US$5.2b
AYI Acuity Brands
1.4x2.5%US$5.3b
RUN Sunrun
3x11.1%US$5.3b

Price-To-Sales vs Peers: RUN is good value based on its Price-To-Sales Ratio (3x) compared to the peer average (5.7x).


Price to Earnings Ratio vs Industry

How does RUN's PE Ratio compare vs other companies in the US Electrical Industry?

Price-To-Sales vs Industry: RUN is expensive based on its Price-To-Sales Ratio (3x) compared to the US Electrical industry average (1.8x)


Price to Sales Ratio vs Fair Ratio

What is RUN's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

RUN PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio3x
Fair PS Ratio1.4x

Price-To-Sales vs Fair Ratio: RUN is expensive based on its Price-To-Sales Ratio (3x) compared to the estimated Fair Price-To-Sales Ratio (1.4x).


Share Price vs Fair Value

What is the Fair Price of RUN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate RUN's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate RUN's fair value for valuation analysis.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate RUN's PEG Ratio to determine if it is good value.


Discover undervalued companies

Future Growth

How is Sunrun forecast to perform in the next 1 to 3 years based on estimates from 21 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


45.1%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: RUN is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: RUN is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: RUN is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: RUN's revenue (11.1% per year) is forecast to grow faster than the US market (8.4% per year).

High Growth Revenue: RUN's revenue (11.1% 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 (2.3%).


Discover growth companies

Past Performance

How has Sunrun performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-71.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: RUN is currently unprofitable.

Growing Profit Margin: RUN is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: RUN is unprofitable, and losses have increased over the past 5 years at a rate of 71.4% per year.

Accelerating Growth: Unable to compare RUN's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: RUN is unprofitable, making it difficult to compare its past year earnings growth to the Electrical industry (31.2%).


Return on Equity

High ROE: RUN has a negative Return on Equity (-12.14%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is Sunrun's financial position?

Financial Health Score

1/6

Financial Health Score 1/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: RUN's short term assets ($1.7B) exceed its short term liabilities ($1.1B).

Long Term Liabilities: RUN's short term assets ($1.7B) do not cover its long term liabilities ($8.5B).


Debt to Equity History and Analysis

Debt Level: RUN's net debt to equity ratio (85.1%) is considered high.

Reducing Debt: RUN's debt to equity ratio has increased from 82.8% to 93.3% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: RUN has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: RUN has less than a year of cash runway if free cash flow continues to reduce at historical rates of 19.6% each year


Discover healthy companies

Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

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.


Earnings Payout to Shareholders

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


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as RUN has not reported any payouts.


Discover strong dividend paying companies

Management

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

0.8yrs

Average management tenure


CEO

Mary Powell (61 yo)

0.83

Tenure

US$7,683,363

Compensation

Ms. Mary Grace Powell serves as Independent Chairperson at Climate Change Crisis Real Impact I Acquisition Corporation since September 29, 2020. She serves as Independent Director at CGI Inc. since June 20...


CEO Compensation Analysis

Compensation vs Market: Mary's total compensation ($USD7.68M) is about average for companies of similar size in the US market ($USD8.23M).

Compensation vs Earnings: Mary's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: RUN's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: RUN's board of directors are considered experienced (6.1 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 3%.


Top Shareholders

Company Information

Sunrun Inc.'s 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
  • Implied Market Cap: US$5.299b
  • Shares outstanding: 210.11m
  • Website: https://www.sunrun.com

Number of Employees


Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/26 00:00
End of Day Share Price2022/06/24 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.