Sunrun (RUN) stock has been on an upward trend lately. The rally was mainly fueled by the company’s strong Q2 results, followed by a series of bullish analyst calls. The earnings beat not only exceeded expectations but also restored investor confidence in the solar sector, which had been under pressure from reduced clean energy tax credits under the Trump administration. Since its Q2 release on August 6, Sunrun’s stock has surged over 45%. RUN shares were up another 3% in pre-market trading on Monday.
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For context, Sunrun is a U.S. solar energy solutions company, offering rooftop panels, home batteries, and clean energy solutions.
Sunrun Shines in Q2 Results
Sunrun delivered record Q2 results, with revenue up 9% year-over-year to $569.3 million. Meanwhile, EPS surged to $1.07 in Q2 2025, up from $0.55 a year earlier, easily beating expectations for a loss. The company’s storage attachment rate reached an all-time high of 70%, underscoring its leadership in distributed solar and clean energy solutions.
For context, the storage attachment rate is the percentage of solar installations that also include a battery storage system. A higher rate means Sunrun is moving beyond just solar panels and building a broader clean energy network.
Analysts Back Sunrun’s Growth Story
Following the results, analysts reacted positively, with several brokerages raising their price targets.
For instance, J.P. Morgan’s four-star-rated analyst Mark Strouse lifted his price target from $16 to $20 while maintaining his Buy rating. The price target implies a growth rate of over 40% from current levels.
At the same time, Oppenheimer’s top-rated analyst Colin Rusch boosted his target to $21, citing strong contracted value and growth prospects. In addition, Rusch believes Sunrun can boost profits by raising prices as electricity costs climb, using its buying power to cut equipment costs, and growing its lead as the top solar financing provider. He also sees Sunrun benefiting from lower interest rates in the future, which he says the stock doesn’t yet fully reflect.
Furthermore, Wells Fargo’s five-star-rated analyst Michael Blum also raised his target to $14. Blum stated that Sunrun’s cash flow outlook looks strong following the ‘One Big Beautiful Bill Act’ and continues to see the company as a top pick in residential solar.
Is Sunrun Stock a Good Buy?
Turning to Wall Street, RUN stock has a Moderate Buy consensus rating based on 11 Buys, eight Holds, and two Sells assigned in the last three months. Also, the average Sunrun stock price target of $15.4 implies a 10.5% upside potential from current levels.
