NasdaqGS:RUN

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

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


Snowflake Analysis

Reasonable growth potential with worrying balance sheet.


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

-2.2%

RUN

0.6%

US Electrical

-1.2%

US Market


1 Year Return

265.9%

RUN

29.3%

US Electrical

19.5%

US Market

Return vs Industry: RUN exceeded the US Electrical industry which returned 29.3% over the past year.

Return vs Market: RUN exceeded the US Market which returned 19.5% over the past year.


Shareholder returns

RUNIndustryMarket
7 Day-2.2%0.6%-1.2%
30 Day2.5%7.9%5.8%
90 Day60.0%19.0%8.1%
1 Year265.9%265.9%31.9%29.3%22.3%19.5%
3 Year1,061.6%1,061.6%40.9%32.9%43.6%34.0%
5 Year577.3%577.3%93.6%76.0%87.3%66.1%

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?

8.59x

Price to Book (PB) 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 unprofitable, so we can't compare its PE Ratio to the US Electrical industry average.

PE vs Market: RUN is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: RUN is overvalued based on its PB Ratio (8.6x) compared to the US Electrical industry average (4x).


Next Steps

Future Growth

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

77.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: RUN is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).

Earnings vs Market: RUN is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: RUN's is expected to become profitable in the next 3 years.

Revenue vs Market: RUN's revenue (17.4% per year) is forecast to grow faster than the US market (10% per year).

High Growth Revenue: RUN's revenue (17.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if RUN's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Sunrun performed over the past 5 years?

15.2%

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, but has reduced losses over the past 5 years at a rate of 15.2% 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 (-24.7%).


Return on Equity

High ROE: RUN has a negative Return on Equity (-26.22%), as it is currently unprofitable.


Next Steps

Financial Health

How is Sunrun's financial position?


Financial Position Analysis

Short Term Liabilities: RUN's short term assets ($638.2M) exceed its short term liabilities ($517.3M).

Long Term Liabilities: RUN's short term assets ($638.2M) do not cover its long term liabilities ($3.8B).


Debt to Equity History and Analysis

Debt Level: RUN's debt to equity ratio (153%) is considered high.

Reducing Debt: RUN's debt to equity ratio has increased from 54.9% to 153% 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?

2.4yrs

Average management tenure


CEO

Lynn Jurich (40 yo)

6.58yrs

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 ($USD5.43M) is about average for companies of similar size in the US market ($USD7.31M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Edward Fenster
Co-Founder & Executive Chairman of the Board6.58yrsUS$4.03m1.13%
$ 89.2m
Lynn Jurich
Co-Founder6.58yrsUS$5.43m2.16%
$ 171.3m
Christopher Dawson
Chief Operating Officer2.83yrsUS$1.82m0.066%
$ 5.2m
Jeanna Steele
General Counsel & Corporate Secretary2.42yrsUS$1.33m0.016%
$ 1.3m
Thomas VonReichbauer
Chief Financial Officer0.42yrno datano data
Michelle Philpot
Chief Accounting Officer1.17yrsno data0.0070%
$ 553.3k
Patrick Jobin
Senior VP of Finance & Investor Relationsno datano datano data
Andrew Newbold
Director of Communicationsno datano datano data
Sejal Daswani
Chief Human Resources Officer1.75yrsno datano data
Anne Hoskins
Chief Policy Officer4.08yrsno datano data
Antonio C. Cintra
President of AEE Solarno datano datano data

2.4yrs

Average Tenure

45yo

Average Age

Experienced Management: RUN's management team is considered experienced (2.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Edward Fenster
Co-Founder & Executive Chairman of the Board6.58yrsUS$4.03m1.13%
$ 89.2m
Lynn Jurich
Co-Founder6.58yrsUS$5.43m2.16%
$ 171.3m
Katherine August-deWilde
Independent Director4.75yrsUS$226.24k0.10%
$ 8.0m
Mary Powell
Independent Director2.67yrsUS$216.24k0.022%
$ 1.8m
Leslie Dach
Independent Director4.42yrsUS$214.99k0.076%
$ 6.0m
Alan Ferber
Independent Director2.67yrsUS$212.95k0.022%
$ 1.8m
Gerald Risk
Lead Independent Directorno dataUS$244.08k0.44%
$ 34.8m
David Bywater
Directorno datano data0.30%
$ 24.1m
Ellen Smith
Directorno datano data0.0028%
$ 220.8k

4.6yrs

Average Tenure

53yo

Average Age

Experienced Board: RUN's board of directors are considered experienced (4.6 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 7.9%.


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$7.916b
  • Shares outstanding: 126.89m
  • 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
0A4SLSE (London Stock Exchange)YesCommon StockGBUSDAug 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 Analysis2020/10/19 23:58
End of Day Share Price2020/10/19 00:00
Earnings2020/06/30
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.