RUN - Sunrun Inc.
Price:
--
--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$18.25
DETAILS
HIGH:
$23.00
LOW:
$12.00
MEDIAN:
$18.50
CONSENSUS:
$18.25
UPSIDE:
24.83%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||
| Revenue | 2,957.0 | 2,037.7 | 2,259.8 | 2,321.4 | 1,610.0 | 922.2 | 858.6 | 760.0 | 529.7 | 453.9 | 304.6 | 198.6 | 54.7 |
| Cost of Revenue | 2,164.5 | 1,709.2 | 2,096.8 | 2,022.7 | 1,365.5 | 743.5 | 645.8 | 534.9 | 448.1 | 399.2 | 280.5 | 173.7 | 43.1 |
| Gross Profit | 792.5 | 328.6 | 163.1 | 298.7 | 244.5 | 178.7 | 212.7 | 225.1 | 81.6 | 54.7 | 24.1 | 24.9 | 11.7 |
| Operating Expenses | |||||||||||||
| R&D Expenses | 36.1 | 39.3 | 21.8 | 20.9 | 23.2 | 19.5 | 23.6 | 18.8 | 15.1 | 10.2 | 9.7 | 8.4 | 10.0 |
| SG&A Expenses | 987.3 | 862.3 | 961.9 | 940.0 | 887.5 | 619.0 | 400.2 | 323.9 | 244.5 | 255.2 | 229.9 | 146.8 | 55.6 |
| Other Expenses | (104.8) | 3,122.2 | 1,158 | 0 | 0 | 5.2 | 4.8 | 2.8 | (1.9) | 0.8 | (1.3) | (3.0) | (0.4) |
| Operating Expenses | 918.6 | 4,023.8 | 2,141.7 | 960.9 | 910.7 | 643.8 | 428.5 | 346.9 | 263.8 | 269.6 | 243.3 | 157.5 | 65.6 |
| Operating Income | |||||||||||||
| Operating Income | (126.1) | (3,695.2) | (1,978.6) | (662.2) | (666.2) | (465.1) | (215.7) | (121.9) | (182.2) | (214.9) | (219.2) | (132.6) | (54.0) |
| Interest Expense | 2,405.6 | 848.4 | 653.0 | 445.8 | 327.7 | 230.6 | 174.2 | 131.8 | 92.3 | 73.3 | 33.2 | 27.5 | 11.8 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | |||||||||||||
| EBITDA | 2,050.1 | (2,912.8) | (1,510.9) | 49.5 | (255.5) | (214.0) | (37.8) | 36.9 | (54.3) | (96.6) | (151.1) | (90.5) | (24.1) |
| EBIT | 1,229.3 | (3,533.7) | (2,042.5) | (401.5) | (643.6) | (456.9) | (225.0) | (119.1) | (183.0) | (191.2) | (221.0) | (140.0) | (54.3) |
| Income Before Tax | (1,176.3) | (4,382.0) | (2,695.5) | (847.4) | (971.3) | (687.5) | (399.2) | (250.9) | (254.6) | (267.3) | (254.2) | (167.5) | (66.1) |
| Income Tax Expense | (167.2) | (26.8) | (12.7) | 2.3 | 9.3 | (60.6) | (8.2) | 9.3 | 32.1 | 36.0 | (5.3) | (10.0) | (0.6) |
| Net Income | 449.9 | (2,846.2) | (1,604.5) | 173.4 | (79.4) | (173.4) | 26.3 | 26.7 | 124.5 | 91.7 | (28.2) | (70.9) | (1.2) |
| Per Share Data | |||||||||||||
| EPS (Basic) | 1.96 | -12.81 | -7.41 | -4.02 | -4.78 | -4.49 | -3.36 | 0.23 | 1.18 | 0.73 | -0.51 | -0.89 | -0.02 |
| EPS (Diluted) | 1.71 | -12.81 | -7.41 | -3.88 | -4.78 | -4.49 | -3.16 | 0.23 | 1.15 | 0.72 | -0.51 | -0.89 | -0.02 |
| Shares Outstanding | 232.6 | 222.2 | 216.6 | 211.3 | 205.1 | 139.6 | 116.4 | 115.9 | 105.4 | 102.4 | 55.1 | 79.3 | 79.3 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 1,236.8 | 575.0 | 678.8 | 740.5 | 617.6 | 520.0 | 269.6 | 226.6 | 202.5 | 206.4 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 262.6 | 170.7 | 172.0 | 214.3 | 146.0 | 95.1 | 77.7 | 69.1 | 57.6 | 64.6 |
| Inventory | 501.3 | 402.1 | 459.7 | 783.9 | 506.8 | 283.0 | 260.6 | 79.5 | 94.4 | 67.3 |
| Other Current Assets | 155.2 | 574.9 | 571.7 | 359.0 | 232.6 | 188.1 | 93.5 | 77.6 | 53.1 | 39.7 |
| Total Current Assets | 2,156.0 | 1,722.6 | 1,882.3 | 2,097.6 | 1,547.7 | 1,137.7 | 733.8 | 461.4 | 432.7 | 369.3 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 16,956.4 | 15,230.2 | 13,269.6 | 11,055.8 | 9,609.3 | 8,346.5 | 4,584.0 | 3,854.9 | 3,356.1 | 2,677.8 |
| Goodwill | 0 | 0 | 3,122.2 | 4,280.2 | 4,280.2 | 4,280.2 | 95.1 | 87.5 | 87.5 | 87.5 |
| Intangible Assets | 0 | 0 | 0 | 7.5 | 12.9 | 18.3 | 19.5 | 10.1 | 14.3 | 18.5 |
| Long-Term Investments | 1,165.2 | 81.3 | 132.6 | 186.2 | 63.8 | 65.4 | 0 | 81.9 | 51.7 | 6.1 |
| Other Non-Current Assets | 2,333.1 | 2,863.8 | 2,043.6 | 681.9 | 969.4 | 534.9 | 373.9 | (87.5) | (250.2) | 128.5 |
| Total Non-Current Assets | 22,021.6 | 18,175.2 | 18,568.0 | 17,171.2 | 14,935.5 | 13,245.2 | 5,072.5 | 4,288.4 | 3,495.2 | 3,203.5 |
| Total Assets | 24,177.6 | 19,897.9 | 20,450.2 | 19,268.8 | 16,483.3 | 14,382.9 | 5,806.3 | 4,749.8 | 3,927.9 | 3,572.8 |
| Current Liabilities | ||||||||||
| Account Payables | 271.0 | 354.2 | 230.7 | 339.2 | 288.1 | 207.4 | 223.4 | 131.3 | 115.2 | 66.0 |
| Short-Term Debt | 319.3 | 231.7 | 547.9 | 157.8 | 190.2 | 195.0 | 35.3 | 35.5 | 21.5 | 30.0 |
| Deferred Revenue | 171.5 | 137.3 | 136.8 | 192.0 | 120.0 | 116.7 | 85.7 | 55.3 | 85.6 | 78.9 |
| Other Current Liabilities | 366.6 | 104.7 | 93.4 | 305.6 | 100.4 | 91.1 | 38.8 | 39.7 | 119.2 | 28.2 |
| Total Current Liabilities | 1,302.5 | 1,334.5 | 1,488.2 | 1,155.5 | 1,012.1 | 901.4 | 530.1 | 372.2 | 335.0 | 244.8 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 14,475.2 | 12,669.8 | 10,124.1 | 8,241.3 | 6,312.7 | 4,601.1 | 2,219.6 | 1,713.4 | 1,282.0 | 883.9 |
| Deferred Tax Liabilities | 1,730.2 | 137.9 | 122.9 | 133.0 | 101.8 | 81.9 | 66.0 | 93.6 | 59.1 | 415.4 |
| Other Non-Current Liabilities | 46.9 | 119.8 | 190.9 | 140.3 | 190.1 | 268.7 | 141.4 | 34.0 | 867.0 | 5.5 |
| Total Non-Current Liabilities | 17,891.1 | 14,399.2 | 12,048.1 | 9,934.3 | 7,898.5 | 6,192.2 | 3,638.2 | 2,968.5 | 2,303.0 | 2,265.9 |
| Total Liabilities | 19,193.6 | 15,733.7 | 13,536.2 | 11,089.8 | 8,910.7 | 7,093.6 | 4,168.3 | 3,340.7 | 2,638.1 | 2,510.7 |
| Stockholders' Equity | ||||||||||
| Common Stock | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Retained Earnings | (3,829.9) | (4,279.9) | (1,433.7) | 170.8 | (2.6) | 76.8 | 251.5 | 229.4 | 132.0 | 4.4 |
| Accumulated Other Comprehensive Income | 63.1 | 86.8 | 54.7 | 67.1 | (73.0) | (106.8) | (52.8) | (3.1) | (4.1) | 0.4 |
| Total Stockholders' Equity | 3,132.5 | 2,554.2 | 5,230.2 | 6,708.1 | 6,254.7 | 6,077.9 | 964.7 | 948.7 | 812.0 | 673.0 |
| Total Liabilities & Equity | 24,177.6 | 19,897.9 | 20,450.2 | 19,268.8 | 16,483.3 | 14,382.9 | 5,806.3 | 4,749.8 | 3,927.9 | 3,572.8 |
| Debt Metrics | ||||||||||
| Total Debt | 14,886.1 | 13,022.5 | 11,086.9 | 8,764.8 | 6,871.3 | 5,182.0 | 2,626.7 | 2,153.9 | 1,452.4 | 1,064.8 |
| Net Debt | 13,649.3 | 12,447.5 | 10,408.1 | 8,024.2 | 6,253.6 | 4,662.0 | 2,357.1 | 1,927.3 | 1,249.9 | 858.4 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | (1,009.1) | (4,355.2) | (1,604.5) | 173.4 | (79.4) | (626.9) | (391.0) | (260.2) | (286.7) | (303.3) |
| Depreciation & Amortization | 725.6 | 620.9 | 548.2 | 459.3 | 396.4 | 242.9 | 187.2 | 156.0 | 136.4 | 104.1 |
| Stock-Based Compensation | 108.0 | 112.8 | 0 | 0 | 0 | 170.6 | 26.3 | 27.9 | 22.0 | 18.7 |
| Change in Working Capital | (441.7) | (318.5) | (195.3) | (410.8) | (485.1) | (79.0) | (29.7) | (15.1) | 10.7 | (18.3) |
| Other Non-Cash Items | 363.1 | 3,200.7 | 443.6 | (1,073.0) | (658.7) | 35.0 | 11.0 | 19.7 | 24.4 | 12.2 |
| Operating Cash Flow | (421.4) | (766.2) | (820.7) | (848.8) | (817.2) | (318.0) | (204.5) | (62.5) | (61.0) | (150.6) |
| Investing Activities | ||||||||||
| Capital Expenditure | (1.8) | (2,701.0) | (2,608.1) | (2,011.1) | (1,686.2) | (969.7) | (840.5) | (811.3) | (812.3) | (740.1) |
| Acquisitions | 0 | 0 | 1,526.1 | 1,372.2 | 1,196.8 | 471.9 | (2.7) | 345.1 | 559.5 | (5) |
| Purchases of Investments | 0 | 0 | (5) | (75) | 0 | (65.4) | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0 | 0 | 1,098.4 | 0 | 0 | 0 | 0 |
| Other Investing Activities | (2,498.6) | 0 | 0 | 0 | 0 | (1,033.0) | 0 | (833.5) | (836.9) | (727.6) |
| Investing Cash Flow | (2,500.3) | (2,701.0) | (1,087.0) | (713.8) | (489.4) | (497.8) | (843.3) | (811.3) | (812.3) | (745.1) |
| Financing Activities | ||||||||||
| Net Debt Issuance | 1,460.1 | 1,895.2 | 2,141.0 | 1,850.0 | 1,609.1 | 341.3 | 491.1 | 671.0 | 385.4 | 362.9 |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 | 0 | (5) | 0 | 0 | (0.4) |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | 1,734.4 | 1,512.7 | (221.1) | (217.6) | (196.5) | 744.4 | 620.4 | 265.4 | (54.1) | (38.2) |
| Financing Cash Flow | 3,211.3 | 3,426.8 | 1,942.6 | 1,665.2 | 1,448.8 | 1,160.7 | 1,106.6 | 936.4 | 869.5 | 898.2 |
| Cash Position | ||||||||||
| Net Change in Cash | 289.6 | (40.4) | 34.8 | 102.6 | 142.2 | 345.0 | 58.8 | 62.6 | (3.8) | 2.5 |
| Cash at Beginning | 947.4 | 987.8 | 952.9 | 850.3 | 708.1 | 363.2 | 304.4 | 241.8 | 206.4 | 203.9 |
| Cash at End | 1,237.0 | 947.4 | 987.7 | 952.9 | 850.3 | 708.2 | 363.2 | 304.4 | 202.5 | 206.4 |
| Free Cash Flow | (423.2) | (3,467.2) | (3,428.9) | (2,859.9) | (2,503.4) | (1,287.6) | (1,045.0) | (873.8) | (873.3) | (890.7) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 2,957.0 | 2,037.7 | 2,259.8 | 2,321.4 | 1,610.0 | 922.2 | 858.6 | 760.0 | 529.7 | 453.9 | 304.6 | 198.6 | 54.7 |
| Gross Profit | 792.5 | 328.6 | 163.1 | 298.7 | 244.5 | 178.7 | 212.7 | 225.1 | 81.6 | 54.7 | 24.1 | 24.9 | 11.7 |
| Operating Income | (126.1) | (3,695.2) | (1,978.6) | (662.2) | (666.2) | (465.1) | (215.7) | (121.9) | (182.2) | (214.9) | (219.2) | (132.6) | (54.0) |
| Net Income | 449.9 | (2,846.2) | (1,604.5) | 173.4 | (79.4) | (173.4) | 26.3 | 26.7 | 124.5 | 91.7 | (28.2) | (70.9) | (1.2) |
| EPS (Diluted) | 1.71 | -12.81 | -7.41 | -3.88 | -4.78 | -4.49 | -3.16 | 0.23 | 1.15 | 0.72 | -0.51 | -0.89 | -0.02 |
| Balance Sheet | |||||||||||||
| Cash & Equivalents | 1,236.8 | 575.0 | 678.8 | 740.5 | 617.6 | 520.0 | 269.6 | 226.6 | 202.5 | 206.4 | |||
| Total Assets | 24,177.6 | 19,897.9 | 20,450.2 | 19,268.8 | 16,483.3 | 14,382.9 | 5,806.3 | 4,749.8 | 3,927.9 | 3,572.8 | |||
| Total Debt | 14,886.1 | 13,022.5 | 11,086.9 | 8,764.8 | 6,871.3 | 5,182.0 | 2,626.7 | 2,153.9 | 1,452.4 | 1,064.8 | |||
| Stockholders' Equity | 3,132.5 | 2,554.2 | 5,230.2 | 6,708.1 | 6,254.7 | 6,077.9 | 964.7 | 948.7 | 812.0 | 673.0 | |||
| Cash Flow | |||||||||||||
| Operating Cash Flow | (421.4) | (766.2) | (820.7) | (848.8) | (817.2) | (318.0) | (204.5) | (62.5) | (61.0) | (150.6) | |||
| Capital Expenditure | (1.8) | (2,701.0) | (2,608.1) | (2,011.1) | (1,686.2) | (969.7) | (840.5) | (811.3) | (812.3) | (740.1) | |||
| Free Cash Flow | (423.2) | (3,467.2) | (3,428.9) | (2,859.9) | (2,503.4) | (1,287.6) | (1,045.0) | (873.8) | (873.3) | (890.7) | |||