Sunrun Inc.

NasdaqGS:RUN Stock Report

Market Cap: US$2.2b

Sunrun Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

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.

Key Valuation Metric

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

Key metric: As RUN is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for RUN. This is calculated by dividing RUN's market cap by their current revenue.
What is RUN's PS Ratio?
PS Ratio1.1x
SalesUS$2.04b
Market CapUS$2.18b

Price to Sales Ratio vs Peers

How does RUN's PS Ratio compare to its 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.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average2.8x
VICR Vicor
6.8x12.0%US$2.4b
ATKR Atkore
0.9x-1.8%US$3.1b
PLUG Plug Power
2.7x24.8%US$1.7b
ARRY Array Technologies
1x11.7%US$926.9m
RUN Sunrun
1.1x13.3%US$2.2b

Price-To-Sales vs Peers: RUN is good value based on its Price-To-Sales Ratio (1.1x) compared to the peer average (2.8x).

Price to Sales Ratio vs Industry

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

22 CompaniesPrice / SalesEstimated GrowthMarket Cap
BW Babcock & Wilcox Enterprises
0.2x-0.03%US$183.47m
TPIC TPI Composites
0.07x13.5%US$96.08m
CBAT CBAK Energy Technology
0.4x21.1%US$79.14m
STEM Stem
0.2x30.7%US$55.56m
RUN 1.1xIndustry Avg. 1.8xNo. of Companies22PS0246810+
22 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: RUN is good value based on its Price-To-Sales Ratio (1.1x) 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 Ratio1.1x
Fair PS Ratio1.1x

Price-To-Sales vs Fair Ratio: RUN is expensive based on its Price-To-Sales Ratio (1.1x) compared to the estimated Fair Price-To-Sales Ratio (1.1x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst RUN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$10.20
US$19.54
+91.6%
30.1%US$38.00US$11.00n/a24
Nov ’25US$14.76
US$22.56
+52.8%
28.3%US$38.00US$13.00n/a25
Oct ’25US$17.50
US$22.56
+28.9%
29.2%US$38.00US$13.00n/a25
Sep ’25US$20.52
US$22.19
+8.1%
28.6%US$38.00US$13.00n/a26
Aug ’25US$17.50
US$20.43
+16.7%
35.7%US$42.00US$12.00n/a27
Jul ’25US$10.92
US$19.72
+80.7%
37.5%US$42.00US$12.00n/a27
Jun ’25US$14.46
US$19.54
+35.1%
37.7%US$42.00US$12.00n/a26
May ’25US$10.07
US$20.31
+101.7%
40.1%US$43.00US$12.00n/a27
Apr ’25US$12.74
US$21.39
+67.9%
36.5%US$43.00US$12.00n/a28
Mar ’25US$12.18
US$21.59
+77.3%
36.4%US$43.00US$12.00n/a27
Feb ’25US$14.90
US$22.88
+53.6%
38.5%US$43.00US$10.00n/a26
Jan ’25US$19.63
US$21.64
+10.3%
41.3%US$43.00US$10.00n/a28
Dec ’24US$14.34
US$20.19
+40.8%
42.6%US$43.00US$10.00n/a27
Nov ’24US$9.49
US$25.96
+173.6%
45.5%US$58.00US$12.00US$14.7626
Oct ’24US$12.56
US$33.74
+168.6%
32.7%US$60.00US$21.00US$17.5025
Sep ’24US$15.81
US$33.90
+114.4%
32.4%US$60.00US$21.00US$20.5225
Aug ’24US$19.15
US$34.30
+79.1%
31.9%US$60.00US$20.00US$17.5025
Jul ’24US$17.86
US$35.71
+99.9%
29.2%US$60.00US$25.00US$10.9225
Jun ’24US$18.48
US$35.35
+91.3%
29.2%US$60.00US$25.00US$14.4625
May ’24US$20.51
US$37.76
+84.1%
30.5%US$65.00US$23.00US$10.0726
Apr ’24US$20.15
US$40.70
+102.0%
29.7%US$65.00US$27.00US$12.7424
Mar ’24US$24.25
US$42.07
+73.5%
27.4%US$65.00US$27.00US$12.1823
Feb ’24US$27.35
US$44.26
+61.8%
27.3%US$70.00US$30.00US$14.9022
Jan ’24US$24.02
US$46.19
+92.3%
28.3%US$72.00US$28.00US$19.6324
Dec ’23US$31.16
US$46.15
+48.1%
28.4%US$72.00US$28.00US$14.3424
Nov ’23US$22.57
US$47.84
+112.0%
27.9%US$79.00US$26.00US$9.4922

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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