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Installs and finances residential solar panel and battery storage systems, mostly through leases and power-purchase agreements.
Installs and finances residential solar panel and battery storage systems, mostly through leases and power-purchase agreements.
Owns the systems on customers' roofs and collects monthly payments for 20 years or more, so most of its value sits in contracts that pay out over decades. It funds installations by raising money from investors and lenders and relies on tax credits, so interest rates and tax policy matter as much as installation volumes. A growing share of new customers also add a battery.
Moat: narrow (scale, distribution, brand). Largest US residential solar installer, with financing and sales-channel scale smaller installers can't match.
Headquarters: San Francisco, California, US · Founded: 2007 · Employees: 9,059
Size Sunrun (RUN) is a United States Information Technology company (Semiconductors) with a market value of $2.40B, the 1681st largest of 3,117 United States companies the cockpit tracks. Shares closed at $9.98 on 6 Nov 2026.
Performance Over six months the shares fell 31.7%, against -29.1% for the median peer and -1.1% for the United States market (cap-weighted) — 11th highest of 21 in its peer set.
Growth Revenue grew 63.2% over the last twelve months (peer median +19.6%); the operating margin is 2.5% (peer median 9.1%).
Valuation It trades at 38.7× forward earnings against a peer median of 28.3× (8th most expensive of 18).
Capital Return on invested capital runs 6.6 points below its cost of capital (6.9% WACC).
Credit Sunrun has 1 bond outstanding ($483M).
Short interest Short interest is 29.8% of the free float (15 Oct 2026).
Next results Next results expected around 24 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $3.48B | $2.96B | $2.04B | $2.26B | $2.32B |
| Revenue growth | — | +45% | -10% | -3% | — |
| Gross profit | $1.12B | $792M | $245M | $156M | $285M |
| EBITDA | $910M | $695M | $140M | -$272M | -$203M |
| Net income | $405M | $452M | -$2.85B | -$1.60B | $173M |
| Free cash flow | -$2.21B | -$2.92B | -$3.47B | -$3.43B | -$2.86B |
| Capital expenditure | $2.01B | $2.50B | $2.70B | $2.61B | $2.01B |
| Total debt | $15.2B | $14.8B | $13.1B | $11.2B | $8.87B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Sunrun RUN | $2.40B | -32% | +63% | 2% | 38.7× | n/a |
| Tesla TSLA | $1.42T | -16% | +8% | 4% | 176.4× | n/a |
| SolarEdge Technologies SEDG | $1.69B | -33% | +26% | -6% | n/a | 11.4% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | RUN | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +31.5% | -20.3% | highest of 21 |
| 6-month return | -31.7% | -29.1% | 11th highest of 21 |
| Distance from 52-week high | -54.5% | -56.8% | 9th highest of 21 |
| Revenue growth (TTM) | +63.2% | +19.6% | 3rd highest of 21 |
| Operating margin | 2.5% | 9.1% | 9th lowest of 21 |
| Forward P/E | 38.7× | 28.3× | 8th most expensive of 18 |
| ROIC minus cost of capital | -6.6 pp | -2.3 pp | 7th lowest of 21 |
| EV / EBITDA | 20.0× | 12.9× | 3rd most expensive of 6 |
| Net debt / EBITDA | 15.5× | -1.9× | most indebted of 7 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Sunrun RUN | United States | $2.40B | -32% | +63% | 2% | 38.7× | n/a | n/a |
| DB HiTek 000990.KS | South Korea | $2.41B | -48% | +29% | 21% | 8.9× | 2.3% | +8.3% |
| Acter 5536.TWO | Taiwan | $2.39B | -26% | +28% | 16% | 10.0× | -6.0% | +24.3% |
| Holy Stone Enterprise 3026.TW | Taiwan | $2.39B | +91% | +17% | 2% | 21.0× | n/a | n/a |
| MLS 002745.SZ | China | $2.36B | +11% | +19% | -4% | 24.0× | 2.4% | +0.1% |
| Hefei Chipmore Technology 688352.SS | China | $2.45B | +7% | -1% | 7% | 53.1× | n/a | n/a |
| Wuxi NCE Power 605111.SS | China | $2.45B | -3% | +28% | 19% | 30.4× | 27.2% | +14.5% |
| Gpixel Changchun Microelectronics 3277.HK | Hong Kong | $2.45B | -48% | +27% | 33% | 28.0× | 6.9% | +9.7% |
| Shanghai Fullhan Microelectronics 300613.SZ | China | $2.35B | +14% | +91% | 26% | 43.1× | n/a | n/a |
| Great Microwave Technology 688270.SS | China | $2.46B | -41% | +8% | 32% | 69.6× | 48.7% | +23.2% |
| NVTS NVTS | United States | $2.32B | -53% | -29% | -273% | n/a | n/a | n/a |
| StarPower Semiconductor 603290.SS | China | $2.50B | -33% | +4% | 1% | 76.8× | 26.3% | +33.0% |
| Chunghwa Precision Test Tech 6510.TWO | Taiwan | $2.30B | -37% | +24% | 32% | 28.3× | 24.4% | +2.7% |
| PENG PENG | United States | $2.52B | -5% | +26% | 10% | 9.2× | n/a | n/a |
| Hermes Testing Solutions 7856.TWO | Taiwan | $2.29B | -32% | +52% | 12% | 46.2× | 52.1% | +51.8% |
| OUST OUST | United States | $2.54B | +38% | +64% | -29% | n/a | n/a | n/a |
| Giantec Semiconductor 688123.SS | China | $2.27B | -23% | +13% | 22% | 23.3× | 39.2% | +19.8% |
| Xiamen Changelight 300102.SZ | China | $2.26B | -50% | -38% | -2% | 71.3× | 34.6% | +21.1% |
| GCL System Integration Technology 002506.SZ | China | $2.26B | -39% | -32% | -10% | n/a | 31.8% | +20.8% |
| POWI POWI | United States | $2.25B | -45% | +2% | 8% | 22.9× | 35.9% | -1.9% |
| Ambarella AMBA | United States | $2.58B | -23% | +20% | -15% | 66.0× | n/a | n/a |
Sunrun has 1 bond outstanding with $483M face value.