Sunrun (RUN)
NASDAQIndustrialsSolarSnapshot 2026-09-04
$8.89-0.45%
Close 2026-09-04 · 1-day change
NASDAQIndustrialsSolarSnapshot 2026-09-04
QuarterlyIQ Insights · RUN
How strong the business is — where it ranks within its sector on capital efficiency and cash generation, and how well management has been executing.
How this business ranks within industrials on a research-validated quality screen. As of 2026-09-04.
The screen ranks RUN against its sector on four durable signals: share dilution, return on capital, free-cash-flow yield, and FCF margin. Historically the highest-quality names tended toward better typical outcomes and fewer bad years over multi-year holds (strongest at three years, modest at one), and that pattern showed up even before the price moved. It characterizes business quality, not price direction.
Each leg is a sector-relative percentile (higher is better); 4 of 4 legs were available for this name. The composite is built from these four; the raw value follows each percentile for context.
A forward quality tilt, not a price prediction, and context for your own research rather than a recommendation. Not investment advice.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 2 of the last 3 quarter-over-quarter moves. Historically, Industrials names rated neutral grew net income 51% of the time over the next year (vs 60% for the rest of the cohort, n=9249).
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
A guidance track record builds as the company issues and delivers on guidance.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Continue to lead with a storage-first approach, increasing storage attachment rates and networked storage capacity to drive growth and customer value.
Stated in 3 of last 3 quarters. Storage Attachment Rate increased from 62% in 2025-Q4 to 74% in 2026-Q2, while networked storage capacity grew from 4.0 to 4.6 Gigawatt hours. Management has consistently emphasized this storage-first strategy and the trajectory shows delivering growth in attachment rates and capacity.
“Storage Attachment Rate was 74% in Q2, up from 70% prior year; networked storage capacity 4.6 GWh.”
“Storage Attachment Rate was 73% in Q1, up from 69% prior year; networked storage capacity 4.3 GWh.”
“Storage Attachment Rate was 71% in Q4, up from 62% prior year; networked storage capacity 4.0 GWh.”
Grow the Aggregate Subscriber Value and Contracted Net Value Creation metrics to enhance long-term customer value and financial performance.
Stated in 3 of last 3 quarters. Aggregate Subscriber Value was $1.3B in 2025-Q4, $1.1B in 2026-Q1, and $1.2B in 2026-Q2, with full-year 2026 guidance revised slightly downward to $4.6B-$4.9B from prior $4.8B-$5.2B. Contracted Net Value Creation was $176M in 2025-Q4, $108M in 2026-Q1, with full-year guidance steady at $650M-$1.05B. The trajectory shows mixed progress with a modest downward revision in subscriber value guidance.
Increase cash generation from operations, excluding investments related to equipment safe harbor, to strengthen financial flexibility.
Stated in 3 of last 3 quarters. Cash Generation was $187M in 2025-Q4, declined to negative $59M in 2026-Q1, and improved to $23M in 2026-Q2 (or $45M excluding equipment safe harbor investments). Full-year 2026 guidance was revised downward to $200M-$375M from prior $250M-$450M. The trajectory shows mixed progress with recent improvement but lower guidance.
“Cash Generation was $23 million in Q2, or $45 million excluding $22 million of equipment safe harbor investments.”
Maintain disciplined capital management by reducing recourse debt and increasing unrestricted cash balances to improve financial stability.
Stated in 3 of last 3 quarters. Management paid down $81M recourse debt in 2025-Q4 and $92M in 2026-Q1, totaling $173M in two quarters, while increasing unrestricted cash by $248M in 2025. This demonstrates delivering on disciplined capital management and balance sheet strengthening.
Develop and monetize distributed power plant infrastructure to serve grid stability and emerging AI-driven electricity demand.
Newly stated in 2026-Q2. Management announced initiatives to leverage distributed power plants for AI data center and grid applications, including a pilot and a 16 GW capacity LOI. This is a recent strategic priority with no prior quarters for comparison.
“Launched distributed AI data center pilot and announced non-binding LOI to deliver 16 GW of flexible energy capacity.”
Over the trailing year it converted 1.60x of net income into operating cash flow.
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to the US dollar, real (inflation-adjusted) rates, long-term interest rates, Fed net liquidity (low R² over the window).
7 material management or governance events in the past 24 months, led by executive changes. Historically, Industrials names rated stable grew net income 55% of the time over the next year (vs 58% for the rest of the cohort, n=2546).
Not investment advice. As of 2026-09-04.
“Aggregate Subscriber Value approximately $1.2 billion in Q2; Contracted Net Value Creation expected $100M to $200M in Q2.”
“Aggregate Subscriber Value of $1.1 billion in Q1; Contracted Net Value Creation of $108 million in Q1.”
“Aggregate Subscriber Value of $1.3 billion in Q4; Contracted Net Value Creation of $176 million in Q4.”
“Cash Generation was negative $59 million in Q1; negative $31 million excluding $28 million equipment safe harbor investments.”
“Cash Generation was $187 million in Q4 2025, representing the seventh consecutive quarter of positive Cash Generation.”
“Paid down $92 million of recourse debt in Q1 2026; repaid remaining convertible senior notes due 2026.”
“Paid down $81 million of recourse debt in Q4 2025; increased unrestricted cash balance by $248 million in 2025.”
“Since December 31, 2024, paid down $148 million of recourse debt and increased unrestricted cash by $248 million.”