NasdaqGS:RUN

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Weak fundamentals or lack of information.


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


Market Performance


7 Day Return

-1.2%

RUN

1.9%

US Electrical

0.5%

US Market


1 Year Return

32.9%

RUN

3.8%

US Electrical

6.8%

US Market

Return vs Industry: RUN exceeded the US Electrical industry which returned 3.8% over the past year.

Return vs Market: RUN exceeded the US Market which returned 6.8% over the past year.


Shareholder returns

RUNIndustryMarket
7 Day-1.2%1.9%0.5%
30 Day-1.7%0.9%-0.8%
90 Day-9.5%2.4%-0.9%
1 Year32.9%32.9%6.1%3.8%9.2%6.8%
3 Year179.6%179.6%41.7%33.3%45.6%36.2%
5 Yearn/a37.2%23.4%63.2%45.4%

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?

2.18x

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 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 (2.2x) compared to the US Electrical industry average (1.6x).


Next Steps

Future Growth

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

100.5%

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 (6.4% per year) is forecast to grow slower than the US market (7.2% per year).

High Growth Revenue: RUN's revenue (6.4% 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 (13.8%).


Next Steps

Past Performance

How has Sunrun performed over the past 5 years?

46.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: RUN is unprofitable, but has reduced losses over the past 5 years at a rate of 46.5% 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 (16.3%).


Return on Equity

High ROE: RUN has a negative Return on Equity (-19.4%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: RUN is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: RUN is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Sunrun's financial position?


Financial Position Analysis

Short Term Liabilities: RUN's short term assets ($530.1M) do not cover its short term liabilities ($637.9M)

Long Term Liabilities: RUN's short term assets (530.1M) do not cover its long term liabilities (3.1B)


Debt to Equity History and Analysis

Debt Level: RUN's debt to equity ratio (132.7%) is considered high

Reducing Debt: RUN's debt to equity ratio has increased from 46% to 132.7% over the past 5 years.


Balance Sheet

Inventory Level: RUN has a high level of physical assets or inventory.

Debt Coverage by Assets: RUN's debt is not covered by short term assets (assets are 0.3x debt).


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: Insufficient data to determine if RUN has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if RUN has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage2.4%forecastin3Years0%

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

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

What is the CEO of Sunrun's salary, the management and board of directors tenure and is there insider trading?

1.8yrs

Average management tenure


CEO

Lynn Jurich (39yo)

5.6yrs

Tenure

US$844,625

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 ($USD844.63K) is about average for companies of similar size in the US market ($USD4.00M).

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


Management Age and Tenure

1.8yrs

Average Tenure

47yo

Average Age

Experienced Management: RUN's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Age and Tenure

3.6yrs

Average Tenure

52yo

Average Age

Experienced Board: RUN's board of directors are considered experienced (3.6 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

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Ownership Breakdown


Management Team

  • Bob Komin (56yo)

    Chief Financial Officer

    • Tenure: 4.6yrs
    • Compensation: US$1.86m
  • Lynn Jurich (39yo)

    Co-Founder

    • Tenure: 5.6yrs
    • Compensation: US$844.63k
  • Ed Fenster (42yo)

    Executive Chairman of the Board

    • Tenure: 5.6yrs
    • Compensation: US$700.83k
  • Chris Dawson (50yo)

    Chief Operating Officer

    • Tenure: 1.8yrs
    • Compensation: US$535.50k
  • Georgia Dempsey

    Director of Corporate Communication

    • Tenure: 0yrs
  • Anne Hoskins

    Chief Policy Officer

    • Tenure: 3.1yrs
  • Patrick Jobin

    Vice President of Finance & Investor Relations

    • Tenure: 0yrs
  • Jeanna Steele (44yo)

    General Counsel

    • Tenure: 1.4yrs
    • Compensation: US$1.32m
  • Michelle Philpot (53yo)

    Chief Accounting Officer

    • Tenure: 0.2yrs
  • Sejal Daswani

    Chief Human Resources Officer

    • Tenure: 0.8yrs

Board Members

  • Katherine August-deWilde (71yo)

    Director

    • Tenure: 3.8yrs
    • Compensation: US$160.00k
  • Mary Powell (59yo)

    Director

    • Tenure: 1.7yrs
    • Compensation: US$137.41k
  • Leslie Dach (65yo)

    Director

    • Tenure: 3.4yrs
    • Compensation: US$155.00k
  • Alan Ferber (52yo)

    Director

    • Tenure: 1.7yrs
    • Compensation: US$137.41k
  • Lynn Jurich (39yo)

    Co-Founder

    • Tenure: 5.6yrs
    • Compensation: US$844.63k
  • Ed Fenster (42yo)

    Executive Chairman of the Board

    • Tenure: 5.6yrs
    • Compensation: US$700.83k
  • Gerald Risk (50yo)

    Lead Director

    • Tenure: 0yrs
    • Compensation: US$175.00k

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$1.999b
  • Shares outstanding: 117.61m
  • Website: https://www.sunrun.com

Number of Employees


Location

  • Sunrun Inc.
  • 595 Market Street
  • 29th Floor
  • San Francisco
  • California
  • 94105
  • 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 Analysis2019/10/21 00:41
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.