Sunrun Inc.

NasdaqGS:RUN Stock Report

Market Cap: US$1.4b

Sunrun Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • 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 Ratio0.7x
SalesUS$2.04b
Market CapUS$1.42b

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 Average17.4x
PLUG Plug Power
1.7x21.8%US$1.1b
VICR Vicor
5.9x13.8%US$2.1b
ATKR Atkore
0.7x-0.8%US$2.0b
EOSE Eos Energy Enterprises
61.4x60.5%US$958.5m
RUN Sunrun
0.7x10.7%US$1.4b

Price-To-Sales vs Peers: RUN is good value based on its Price-To-Sales Ratio (0.7x) compared to the peer average (17.4x).

Price to Sales Ratio vs Industry

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

19 CompaniesPrice / SalesEstimated GrowthMarket Cap
FLNC Fluence Energy
0.2x17.9%US$755.24m
TPIC TPI Composites
0.03x7.8%US$39.53m
BWEN Broadwind
0.2x5.8%US$34.15m
APWC Asia Pacific Wire & Cable
0.06xn/aUS$30.52m
RUN 0.7xIndustry Avg. 1.6xNo. of Companies19PS01.22.43.64.86+
19 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: RUN is good value based on its Price-To-Sales Ratio (0.7x) compared to the US Electrical industry average (1.6x).

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 Ratio0.7x
Fair PS Ratio0.9x

Price-To-Sales vs Fair Ratio: RUN is good value based on its Price-To-Sales Ratio (0.7x) compared to the estimated Fair Price-To-Sales Ratio (0.9x).

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$6.29
US$14.60
+132.2%
45.7%US$38.00US$7.00n/a24
Apr ’26US$6.49
US$14.73
+127.0%
44.9%US$38.00US$7.00n/a24
Mar ’26US$7.25
US$15.70
+116.5%
39.5%US$38.00US$8.00n/a23
Feb ’26US$9.05
US$17.94
+98.2%
34.9%US$38.00US$10.00n/a25
Jan ’26US$9.25
US$18.88
+104.1%
32.1%US$38.00US$11.00n/a25
Dec ’25US$11.53
US$18.87
+63.7%
32.6%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$12.00US$6.4928
Mar ’25US$12.18
US$21.59
+77.3%
36.4%US$43.00US$12.00US$7.2527
Feb ’25US$14.90
US$22.88
+53.6%
38.5%US$43.00US$10.00US$9.0526
Jan ’25US$19.63
US$21.64
+10.3%
41.3%US$43.00US$10.00US$9.2528
Dec ’24US$14.34
US$20.19
+40.8%
42.6%US$43.00US$10.00US$11.5327
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
AnalystConsensusTarget
Consensus Narrative from 24 Analysts
US$14.60
Fair Value
56.9% undervalued intrinsic discount
24
Number of Analysts

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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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/04/14 08:21
End of Day Share Price 2025/04/11 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Sunrun Inc. is covered by 43 analysts. 25 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Christine ChoBarclays
Moses SuttonBarclays
Moses SuttonBarclays