Sunrun Inc. (RUN)

Over the past six months, Sunrun's stock has experienced significant activity and positive momentum, more than doubling year-to-date and increasing by 23% in the month leading up to October 2025. Several investment banks issued upgrades or raised price targets for Sunrun, citing improving cash generation and future shareholder returns. Sunrun reached a new 12-month high of $20.25 on October 7, 2025, and the stock price as of October 24, 2025, was $20.85, representing a 45.09% increase over the past year. Sunrun reported strong Q1 and Q2 2025 financial results, exceeding guidance for storage and solar installations. Sunrun and Tesla launched a Home Energy Plan in Texas, and Sunrun and BGE operated the nation's first residential Vehicle-To-Grid Distributed Power Plant using Ford F-150 Lightning trucks. Sunrun priced a $510 million securitization in September 2025, surpassing $1.5 billion of non-recourse debt capital raised in Q3. Jefferies downgraded the stock to 'Hold' in early 2025, and Citigroup downgraded Sunrun from 'Buy' to 'Neutral' in April 2025. Weiss Ratings reaffirmed a "sell (D-)" rating for Sunrun in October 2025.

The residential solar industry generally experiences seasonal fluctuations, with demand for solar installations typically higher during warmer months with more daylight hours. Energy consumption patterns and the timing of government incentives or tax credits can also influence demand for solar products and services.

Sunrun designs, develops, installs, sells, owns, and maintains photovoltaic systems and battery energy storage products, primarily for residential customers. Their offerings include solar panels and racking, battery storage solutions like Brightbox, EV chargers, home energy management services, and other home electrification products. Sunrun provides flexible financing options, including solar leases, PPAs, and outright system purchases, with the PPA model allowing homeowners to install solar with no upfront cost.

Sunrun's primary geographic focus is the United States market, operating in 22 states, the District of Columbia, and Puerto Rico, serving over 870,000 customers. While aware of global demand for renewable energy, Sunrun has not significantly expanded into international markets.

Sunrun's brand reputation in the past year has seen both positive recognition and significant customer complaints. Fast Company recognized Sunrun on its "Brands That Matter" list in October 2023. However, in October 2024, there were numerous customer complaints on platforms like Facebook and Reddit, highlighting issues with billing, equipment failure, roof leaks, and a perceived lack of responsiveness from customer service.

Sunrun's ownership structure includes institutional investors (52.47% to 90.21%), insiders (2.98% to 3.30%), and public/individual investors (31.56% to 44.55%). Major institutional owners include BlackRock, Inc., The Vanguard Group, Inc., and State Street Corporation.