Sunrun prices $475 million convertible senior notes
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 23 2024
0mins
Should l Buy RUN?
Source: SeekingAlpha
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Analyst Views on RUN
Wall Street analysts forecast RUN stock price to rise
16 Analyst Rating
11 Buy
5 Hold
0 Sell
Moderate Buy
Current: 12.600
Low
19.00
Averages
23.53
High
30.00
Current: 12.600
Low
19.00
Averages
23.53
High
30.00
About RUN
Sunrun Inc. is a provider of clean energy as a subscription service. It is engaged in the design, development, installation, sale, ownership and maintenance of residential solar energy systems (Projects) in the United States. It provides clean, solar energy typically at savings compared to traditional utility energy. Its primary customers are residential homeowners. It also offers battery storage along with solar energy systems to its customers in select markets and sells its services to certain commercial developers through its multi-family and new homes offerings. It installs solar energy systems on its customers’ homes and provides them with the solar power produced by those systems for typically a 20- or 25-year initial term. It monitors, maintains and insures the system during the term of the contract. It also provides electric vehicle (EV) chargers, battery retrofits, re-powered or expanding systems, home energy management services, and other home electrification products.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Sunrun Under Investigation for Possible Securities Fraud
- Financial Performance Decline: Sunrun reported a 30% decrease in net subscriber value in its Q4 2025 results, primarily due to rising funding costs, inflationary pressures from tariffs, and other cost increases, indicating a challenging market environment for the company.
- Negative Growth Outlook: The company projects a decline in aggregate subscriber value to $5.0 billion for 2026, with net value creation of $850 million and cash generation of $350 million, down from $5.6 billion, $1.0 billion, and $377 million in 2025, highlighting a troubling trend of stagnation.
- Significant Stock Price Drop: Following the financial report on February 27, 2026, Sunrun's stock price plummeted by $7.17, or 35.11%, closing at $13.25 per share, severely undermining investor confidence and potentially impacting future financing capabilities.
- Legal Investigation Initiated: Pomerantz LLP is investigating whether Sunrun and its executives have engaged in securities fraud or other unlawful business practices, advising investors to contact the firm for information on joining the class action, indicating an escalation in legal risks for the company.
See More
PlusTick Management Acquires Sunrun Shares
- New Investment Position: PlusTick Management acquired 500,000 shares of Sunrun in Q4, totaling $9.20 million, indicating confidence in the company despite the stake not being among its top five holdings.
- Asset Allocation Shift: The new position represents 4% of PlusTick's 13F assets, reflecting a strategic choice in growth stocks, even as Sunrun's shares fell 34% following the latest earnings release.
- Market Performance Insight: Sunrun generated nearly $3 billion in revenue in 2025 and is expected to continue positive cash flow this year, marking a shift from capital-intensive operations to a sustainable profitability model, although subscriber growth metrics have softened.
- Investor Considerations: Despite improved cash generation capabilities, analysts advise caution before investing, as Sunrun was not included in The Motley Fool's list of top stocks, indicating market skepticism about its future performance.
See More
PlusTick Management Acquires New Position in Sunrun
- New Investment Position: PlusTick Management initiated a new position in Sunrun during Q4 2026 by acquiring 500,000 shares worth $9.20 million, indicating confidence in the company's growth potential and future prospects.
- Significant Holding Proportion: This acquisition accounts for 4.07% of PlusTick's reportable assets, highlighting Sunrun's importance in the portfolio and potentially influencing future investment decisions.
- Strong Market Performance: As of last Friday, Sunrun shares were priced at $12.22, reflecting an 82% increase over the past year, significantly outperforming the S&P 500's approximately 15% gain, showcasing its robust position in the renewable energy market.
- Improved Financial Health: Sunrun generated nearly $3 billion in revenue in 2025 and expects to maintain positive cash flow, marking a pivotal shift from capital intensity to enhanced profitability, despite challenges in subscriber growth.
See More
Ardsley Advisory Partners Significantly Reduces Hut 8 Stake
- Share Reduction Scale: On February 17, 2026, Ardsley Advisory Partners LP disclosed a reduction of 440,000 shares of Hut 8, with an estimated transaction value of $19.4 million, indicating a significant decrease in exposure to the cryptocurrency mining company.
- Position Value Change: This sale resulted in a decline of $11.3 million in Hut 8's position value, reflecting a weakening market confidence in the company and suggesting Ardsley's strategic portfolio adjustment.
- Portfolio Adjustment: Following the sale, Hut 8 now represents only 1.8% of Ardsley’s reported U.S. equity assets, with major holdings including NYSE:LLY and NASDAQ:FSLR, indicating a shift in preference towards other stocks.
- Market Performance Analysis: Although Hut 8's stock price surged by 163.2% over the past year, its price-to-sales ratio of 26, combined with ongoing losses, may lead investors to adopt a cautious outlook on its future performance.
See More
Morgan Stanley Lowers Sunrun Price Target to $15
- Price Target Cut: Morgan Stanley analyst David Arcaro has reduced Sunrun's price target from $21 to $15, reflecting a cautious outlook on the company's future performance, which may lead to decreased investor confidence in its stock.
- Rating Maintained: Despite the price target reduction, Morgan Stanley maintains an Equal Weight rating on Sunrun, indicating a neutral stance on its short-term performance, which could influence market trading strategies for the stock.
- Growth Expectations Downgraded: The analyst noted a year-over-year decline in Sunrun's solar origination growth, highlighting trends of increased market competition and slowing demand, which may negatively impact the company's long-term growth prospects.
- Market Reaction: This price target adjustment may prompt investors to reassess Sunrun's future performance, especially given the context of the company holding nearly half of the U.S. residential battery storage market, potentially affecting market confidence in its growth potential.
See More
Sunrun Under Investigation Amid 35.11% Stock Drop Following Q4 Results
- Financial Performance Decline: Sunrun reported a 30% decrease in net subscriber value in its Q4 2025 results, primarily due to rising funding costs, inflationary pressures from tariffs, and reduced total subscriber additions, indicating significant challenges in the current market environment.
- Negative Growth Outlook: The company projects a decline in aggregate subscriber value to $5.0 billion for 2026, with net value creation of $850 million and cash generation of $350 million, all lower than the previous year's figures of $5.6 billion, $1.0 billion, and $377 million, highlighting future growth challenges.
- Stock Price Volatility: Following the financial report, Sunrun's stock price plummeted by $7.17, or 35.11%, closing at $13.25 per share on February 27, 2026, reflecting a significant loss of investor confidence in the company's future prospects.
- Legal Investigation Initiated: Pomerantz LLP is investigating whether Sunrun and its executives engaged in securities fraud or other unlawful business practices, advising investors to contact the firm for more information, which could further impact the company's reputation and stock price.
See More
Sunrun Under Investigation for Possible Securities Fraud
- Financial Performance Decline: Sunrun reported a 30% decrease in net subscriber value in its Q4 2025 results, primarily due to rising funding costs, inflationary pressures from tariffs, and other cost increases, indicating a challenging market environment for the company.
- Negative Growth Outlook: The company projects a decline in aggregate subscriber value to $5.0 billion for 2026, with net value creation of $850 million and cash generation of $350 million, down from $5.6 billion, $1.0 billion, and $377 million in 2025, highlighting a troubling trend of stagnation.
- Significant Stock Price Drop: Following the financial report on February 27, 2026, Sunrun's stock price plummeted by $7.17, or 35.11%, closing at $13.25 per share, severely undermining investor confidence and potentially impacting future financing capabilities.
- Legal Investigation Initiated: Pomerantz LLP is investigating whether Sunrun and its executives have engaged in securities fraud or other unlawful business practices, advising investors to contact the firm for information on joining the class action, indicating an escalation in legal risks for the company.
See More
PlusTick Management Acquires Sunrun Shares
- New Investment Position: PlusTick Management acquired 500,000 shares of Sunrun in Q4, totaling $9.20 million, indicating confidence in the company despite the stake not being among its top five holdings.
- Asset Allocation Shift: The new position represents 4% of PlusTick's 13F assets, reflecting a strategic choice in growth stocks, even as Sunrun's shares fell 34% following the latest earnings release.
- Market Performance Insight: Sunrun generated nearly $3 billion in revenue in 2025 and is expected to continue positive cash flow this year, marking a shift from capital-intensive operations to a sustainable profitability model, although subscriber growth metrics have softened.
- Investor Considerations: Despite improved cash generation capabilities, analysts advise caution before investing, as Sunrun was not included in The Motley Fool's list of top stocks, indicating market skepticism about its future performance.
See More
PlusTick Management Acquires New Position in Sunrun
- New Investment Position: PlusTick Management initiated a new position in Sunrun during Q4 2026 by acquiring 500,000 shares worth $9.20 million, indicating confidence in the company's growth potential and future prospects.
- Significant Holding Proportion: This acquisition accounts for 4.07% of PlusTick's reportable assets, highlighting Sunrun's importance in the portfolio and potentially influencing future investment decisions.
- Strong Market Performance: As of last Friday, Sunrun shares were priced at $12.22, reflecting an 82% increase over the past year, significantly outperforming the S&P 500's approximately 15% gain, showcasing its robust position in the renewable energy market.
- Improved Financial Health: Sunrun generated nearly $3 billion in revenue in 2025 and expects to maintain positive cash flow, marking a pivotal shift from capital intensity to enhanced profitability, despite challenges in subscriber growth.
See More
Ardsley Advisory Partners Significantly Reduces Hut 8 Stake
- Share Reduction Scale: On February 17, 2026, Ardsley Advisory Partners LP disclosed a reduction of 440,000 shares of Hut 8, with an estimated transaction value of $19.4 million, indicating a significant decrease in exposure to the cryptocurrency mining company.
- Position Value Change: This sale resulted in a decline of $11.3 million in Hut 8's position value, reflecting a weakening market confidence in the company and suggesting Ardsley's strategic portfolio adjustment.
- Portfolio Adjustment: Following the sale, Hut 8 now represents only 1.8% of Ardsley’s reported U.S. equity assets, with major holdings including NYSE:LLY and NASDAQ:FSLR, indicating a shift in preference towards other stocks.
- Market Performance Analysis: Although Hut 8's stock price surged by 163.2% over the past year, its price-to-sales ratio of 26, combined with ongoing losses, may lead investors to adopt a cautious outlook on its future performance.
See More
Morgan Stanley Lowers Sunrun Price Target to $15
- Price Target Cut: Morgan Stanley analyst David Arcaro has reduced Sunrun's price target from $21 to $15, reflecting a cautious outlook on the company's future performance, which may lead to decreased investor confidence in its stock.
- Rating Maintained: Despite the price target reduction, Morgan Stanley maintains an Equal Weight rating on Sunrun, indicating a neutral stance on its short-term performance, which could influence market trading strategies for the stock.
- Growth Expectations Downgraded: The analyst noted a year-over-year decline in Sunrun's solar origination growth, highlighting trends of increased market competition and slowing demand, which may negatively impact the company's long-term growth prospects.
- Market Reaction: This price target adjustment may prompt investors to reassess Sunrun's future performance, especially given the context of the company holding nearly half of the U.S. residential battery storage market, potentially affecting market confidence in its growth potential.
See More
Sunrun Under Investigation Amid 35.11% Stock Drop Following Q4 Results
- Financial Performance Decline: Sunrun reported a 30% decrease in net subscriber value in its Q4 2025 results, primarily due to rising funding costs, inflationary pressures from tariffs, and reduced total subscriber additions, indicating significant challenges in the current market environment.
- Negative Growth Outlook: The company projects a decline in aggregate subscriber value to $5.0 billion for 2026, with net value creation of $850 million and cash generation of $350 million, all lower than the previous year's figures of $5.6 billion, $1.0 billion, and $377 million, highlighting future growth challenges.
- Stock Price Volatility: Following the financial report, Sunrun's stock price plummeted by $7.17, or 35.11%, closing at $13.25 per share on February 27, 2026, reflecting a significant loss of investor confidence in the company's future prospects.
- Legal Investigation Initiated: Pomerantz LLP is investigating whether Sunrun and its executives engaged in securities fraud or other unlawful business practices, advising investors to contact the firm for more information, which could further impact the company's reputation and stock price.
See More
