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Sunrun (RUN)
NASDAQ:RUN
Earnings Data
Report Date
May 06, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.06Last Year’s EPS
0.2Same Quarter Last Year
Moderate Buy
Based on 14 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
Overall the call conveyed a constructive outlook: Sunrun reported meaningful cash generation, strengthened its balance sheet, materially expanded storage and grid-service capabilities, and developed diversified financing partnerships (including a major JV with Hannon Armstrong). Management acknowledged near-term headwinds—rising creation and insurance costs, a deliberate reduction in lower-margin affiliate volume (>40% decline), and some deterioration in quarterly value-creation metrics driven by financing mix—but positioned these as intentional, margin-focused decisions designed to improve long-term returns and scale its distributed power plant. The tone emphasized continued operational execution, product innovation (Flex), and confidence in growing direct-channel volumes and cash generation in 2026 despite short-term variability and modeling complexity from asset-sale activity.Company Guidance
Strong cash generation and deleveraging
Sunrun delivered $377 million of cash generation for full-year 2025 and $187 million in Q4; paid down approximately $148 million of parent-level recourse debt in 2025 (including $81 million in Q4); increased unrestricted cash by $248 million and grew net earning assets by $1.8 billion.
Material growth in storage and grid services
Storage attachment rate rose to 71% (up 9 percentage points YoY); storage capacity installed grew ~26%; added ~1.5 GWh of dispatchable generation in 2025 and surpassed 4 GWh of total dispatchable energy; dispatched ~425 MW to the grid across programs and generated "tens of millions" in dispatch revenue; 237,000 storage customers experienced >650,000 unique outages, underscoring resiliency value.
Stable subscriber additions and larger system sizes
Full-year subscriber additions were ~108,000 (approximately flat YoY) with ~25,000 in Q4; average system size grew ~4%, driving similar solar capacity growth; management highlighted the highest subscriber values recorded and cited upfront net subscriber value exceeding ~$3,200 per subscriber addition in 2025.
Expanded and diversified capital solutions
In 2025 Sunrun added ~$2.7 billion of traditional and hybrid tax equity and ~$2.8 billion of nonrecourse project debt; recorded material proceeds from asset sales ($684 million reported for 2025, $569 million in Q4); Q4 aggregate upfront proceeds for additions estimated at ~$1.1 billion with an advance rate ~91% (up 5 ppt YoY); launched a joint venture with Hannon Armstrong with up to $500 million to finance ~300 MW across ~40,000 homes.
Product and market leadership
Launched Flex (thousands of installs per quarter) and expanded distributed power plant programs (18 active programs in 2025); Sunrun direct now represents over two-thirds of volume with expected high single- to low double-digit growth in the direct channel in 2026; demonstrated strong execution in Texas (25% YoY growth) and industry-leading NPS and customer satisfaction.
RUN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
RUN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 26, 2026 | $20.42 | $13.25 | -35.11% |
Nov 06, 2025 | $20.42 | $17.13 | -16.11% |
Aug 06, 2025 | $9.07 | $12.00 | +32.30% |
May 07, 2025 | $7.39 | $8.50 | +15.02% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Sunrun (RUN) report earnings?
Sunrun (RUN) is schdueled to report earning on May 06, 2026, After Close (Confirmed).
What is Sunrun (RUN) earnings time?
Sunrun (RUN) earnings time is at May 06, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RUN EPS forecast?
RUN EPS forecast for the fiscal quarter 2026 (Q1) is 0.06.
