Wednesday's ETF Movers: TAN, MLPA
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 07 2024
0mins
Source: NASDAQ.COM
MLP ETF Performance: The MLP ETF is down approximately 0.8% in Wednesday afternoon trading, with Nustar Energy shares declining by about 1.8% and Genesis Energy shares increasing by about 0.4%.
Market Commentary: The views expressed in the article are those of the author and do not necessarily represent Nasdaq, Inc.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy RUN?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
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: 12.830
Low
19.00
Averages
23.53
High
30.00
Current: 12.830
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 multifamily 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 Reports Significant Q1 Profit Increase
- Significant Profit Growth: Sunrun's Q1 net profit reached $167.64 million, translating to an EPS of $0.62, a substantial increase from last year's $50.01 million and $0.20, indicating a marked improvement in the company's profitability.
- Revenue Surge: The company's revenue rose 43.2% year-over-year to $722.23 million, up from $504.27 million last year, reflecting strong market demand and successful business expansion efforts.
- Performance Comparison: Compared to last year, Sunrun achieved significant growth in both EPS and total revenue, demonstrating the company's increasing competitiveness in the renewable energy sector and its ability to capitalize on market opportunities.
- Positive Future Outlook: With the ongoing growth in renewable energy demand, Sunrun's robust financial performance provides a solid foundation for future expansion and investment, signaling the company's continued leadership position in the industry.
See More
Sunrun Reports Strong Q1 2026 Earnings with Accelerating Demand
- Significant Customer Growth: Sunrun added approximately 19,000 customers in Q1, with the storage attachment rate increasing to 73%, indicating substantial progress in meeting customer demand and enhancing market competitiveness.
- Financial Performance Exceeds Expectations: Q1 contracted net value creation reached $108 million, surpassing the high end of guidance, demonstrating strong performance in cash generation and customer value, with full-year cash generation expected between $250 million and $450 million.
- Sales Team Expansion: The sales force has grown over 20% since the beginning of the year, with March sales bookings increasing over 30% month-on-month, which not only enhances sales capacity but also lays the groundwork for future market share growth.
- Strategic Investment Focus: Management reiterated plans to allocate cash generation towards reducing parent leverage and completing equipment safe harbor investments, indicating a commitment to long-term growth and optimized capital allocation despite market uncertainties.
See More
Sunrun Prices $584 Million Securitization Transaction
- Securitization Scale: Sunrun successfully completed a $584 million securitization transaction, marking its sixteenth since 2015, which demonstrates the company's robust capital-raising capabilities and is expected to enhance its competitive position in the market.
- Credit Spread Improvement: The A-1 notes were priced at a 220 basis point credit spread, an improvement from the 240 basis points seen in September and July 2025, reflecting strong market demand for Sunrun's high-quality assets.
- Portfolio Diversification: The notes are backed by a diversified portfolio of 38,706 systems across 76 utility service territories in 19 states, Washington D.C., and Puerto Rico, with a weighted average customer FICO score of 744, indicating strong credit quality.
- Future Financing Expectations: Sunrun anticipates raising additional subordinated subsidiary-level non-recourse financing secured by the retained Class B notes, which is expected to increase the cumulative advance rate, thereby enhancing the flexibility and stability of its capital structure.
See More
Analysis of Industrial Stocks Market Performance
- Industry Recovery: The industrial sector has achieved a 12.4% return over the past six months, outperforming the S&P 500 by 7.4 percentage points, indicating a positive shift in the economic cycle that may present new opportunities for investors.
- Albany Stock Risks: Albany (AIN) has only seen a 1.5% annual revenue growth over the past two years, lagging behind peers, while its free cash flow margin has dropped by 10.7 percentage points, suggesting increased capital intensity and value destruction from management's investments; its current stock price is $56.48 with a forward P/E ratio of 23.1.
- Sunrun Operational Challenges: Sunrun (RUN) is experiencing historical operating margin losses, indicating an inefficient cost structure, and its net debt-to-EBITDA ratio of 23x suggests over-leverage, increasing the risk of shareholder dilution; the stock trades at $12.88 with a forward P/E of 30.3.
- Woodward Stock Outlook: Woodward (WWD) has demonstrated a robust 10.9% annual revenue growth over the last two years, indicating market share gains, while operating profits and efficiency have improved due to fixed cost leverage, with an impressive EPS compounded growth rate of 29.4% over the past two years; the stock is priced at $365.22 with a forward P/E of 41.2.
See More
Spotlight on Companies Advancing Clean Economy
- Clean Energy Progress: On Earth Day, PRISM MarketView spotlighted eight public companies advancing the clean economy across power generation, storage, and electric mobility, showcasing significant progress in U.S. clean energy build-out driven by policy support and market demand.
- Importance of Distributed Generation: Bloom Energy, one of the few companies deploying commercial-scale solid-oxide fuel cells, is addressing the strain on the U.S. power grid from AI and data center load growth, highlighting the increasing structural importance of distributed clean generation.
- Key Storage Technology: Fluence Energy designs and deploys utility-scale battery storage systems that resolve the intermittency issues of solar and wind, ensuring a smooth renewable transition and positioning itself as one of the largest pure-play storage integrators in public markets.
- Electric Aviation Prospects: Joby Aviation is developing electric vertical takeoff and landing aircraft for commercial passenger service, representing a credible path for decarbonizing aviation, with its leading position in electric aviation making it stand out as most competitors are years away from commercial operation.
See More
SUNRUN INC.: BARCLAYS LOWERS TARGET PRICE FROM $23 TO $14
- Barclays Adjusts Price Target: Barclays has reduced its price target for Sunrun from $23 to $14.
- Market Impact: This adjustment reflects a significant change in the financial outlook for Sunrun, potentially affecting investor sentiment.
See More
Sunrun Reports Significant Q1 Profit Increase
- Significant Profit Growth: Sunrun's Q1 net profit reached $167.64 million, translating to an EPS of $0.62, a substantial increase from last year's $50.01 million and $0.20, indicating a marked improvement in the company's profitability.
- Revenue Surge: The company's revenue rose 43.2% year-over-year to $722.23 million, up from $504.27 million last year, reflecting strong market demand and successful business expansion efforts.
- Performance Comparison: Compared to last year, Sunrun achieved significant growth in both EPS and total revenue, demonstrating the company's increasing competitiveness in the renewable energy sector and its ability to capitalize on market opportunities.
- Positive Future Outlook: With the ongoing growth in renewable energy demand, Sunrun's robust financial performance provides a solid foundation for future expansion and investment, signaling the company's continued leadership position in the industry.
See More
Sunrun Reports Strong Q1 2026 Earnings with Accelerating Demand
- Significant Customer Growth: Sunrun added approximately 19,000 customers in Q1, with the storage attachment rate increasing to 73%, indicating substantial progress in meeting customer demand and enhancing market competitiveness.
- Financial Performance Exceeds Expectations: Q1 contracted net value creation reached $108 million, surpassing the high end of guidance, demonstrating strong performance in cash generation and customer value, with full-year cash generation expected between $250 million and $450 million.
- Sales Team Expansion: The sales force has grown over 20% since the beginning of the year, with March sales bookings increasing over 30% month-on-month, which not only enhances sales capacity but also lays the groundwork for future market share growth.
- Strategic Investment Focus: Management reiterated plans to allocate cash generation towards reducing parent leverage and completing equipment safe harbor investments, indicating a commitment to long-term growth and optimized capital allocation despite market uncertainties.
See More
Sunrun Prices $584 Million Securitization Transaction
- Securitization Scale: Sunrun successfully completed a $584 million securitization transaction, marking its sixteenth since 2015, which demonstrates the company's robust capital-raising capabilities and is expected to enhance its competitive position in the market.
- Credit Spread Improvement: The A-1 notes were priced at a 220 basis point credit spread, an improvement from the 240 basis points seen in September and July 2025, reflecting strong market demand for Sunrun's high-quality assets.
- Portfolio Diversification: The notes are backed by a diversified portfolio of 38,706 systems across 76 utility service territories in 19 states, Washington D.C., and Puerto Rico, with a weighted average customer FICO score of 744, indicating strong credit quality.
- Future Financing Expectations: Sunrun anticipates raising additional subordinated subsidiary-level non-recourse financing secured by the retained Class B notes, which is expected to increase the cumulative advance rate, thereby enhancing the flexibility and stability of its capital structure.
See More
Analysis of Industrial Stocks Market Performance
- Industry Recovery: The industrial sector has achieved a 12.4% return over the past six months, outperforming the S&P 500 by 7.4 percentage points, indicating a positive shift in the economic cycle that may present new opportunities for investors.
- Albany Stock Risks: Albany (AIN) has only seen a 1.5% annual revenue growth over the past two years, lagging behind peers, while its free cash flow margin has dropped by 10.7 percentage points, suggesting increased capital intensity and value destruction from management's investments; its current stock price is $56.48 with a forward P/E ratio of 23.1.
- Sunrun Operational Challenges: Sunrun (RUN) is experiencing historical operating margin losses, indicating an inefficient cost structure, and its net debt-to-EBITDA ratio of 23x suggests over-leverage, increasing the risk of shareholder dilution; the stock trades at $12.88 with a forward P/E of 30.3.
- Woodward Stock Outlook: Woodward (WWD) has demonstrated a robust 10.9% annual revenue growth over the last two years, indicating market share gains, while operating profits and efficiency have improved due to fixed cost leverage, with an impressive EPS compounded growth rate of 29.4% over the past two years; the stock is priced at $365.22 with a forward P/E of 41.2.
See More
Spotlight on Companies Advancing Clean Economy
- Clean Energy Progress: On Earth Day, PRISM MarketView spotlighted eight public companies advancing the clean economy across power generation, storage, and electric mobility, showcasing significant progress in U.S. clean energy build-out driven by policy support and market demand.
- Importance of Distributed Generation: Bloom Energy, one of the few companies deploying commercial-scale solid-oxide fuel cells, is addressing the strain on the U.S. power grid from AI and data center load growth, highlighting the increasing structural importance of distributed clean generation.
- Key Storage Technology: Fluence Energy designs and deploys utility-scale battery storage systems that resolve the intermittency issues of solar and wind, ensuring a smooth renewable transition and positioning itself as one of the largest pure-play storage integrators in public markets.
- Electric Aviation Prospects: Joby Aviation is developing electric vertical takeoff and landing aircraft for commercial passenger service, representing a credible path for decarbonizing aviation, with its leading position in electric aviation making it stand out as most competitors are years away from commercial operation.
See More
SUNRUN INC.: BARCLAYS LOWERS TARGET PRICE FROM $23 TO $14
- Barclays Adjusts Price Target: Barclays has reduced its price target for Sunrun from $23 to $14.
- Market Impact: This adjustment reflects a significant change in the financial outlook for Sunrun, potentially affecting investor sentiment.
See More
