
Sunrun (RUN) Stock Forecast & Price Target
Sunrun (RUN) Analyst Ratings
Bulls say
Sunrun's subscriber value reached $55.8k, up from $51.2k in the previous quarter, highlighting improved metrics driven by higher battery attachment rates and an elevated investment tax credit (ITC) level of 39.8%. The company's management anticipates that the subscriber value will surpass customer creation costs through 2025, facilitating a year-over-year value generation increase of 5-15% despite flat customer growth. Additionally, Sunrun's balance sheet remains strong, with robust growth projected in installed storage capacity and an increase in the subscriber value per watt from $7.04 to $7.39.
Bears say
The outlook for Sunrun's stock is negative due to a reduction in revenue projections, with estimates for 2025 and 2026 adjusted downward due to lower solar growth assumptions and anticipated challenges in achieving cash generation targets. The company has revised its cash generation guidance for FY 2025 down to between $200 million and $500 million, a significant decrease from previous estimates, primarily due to lower investment tax credit (ITC) realizations and higher capital costs. Furthermore, expectations for customer growth have flatlined, moving from an anticipated 10-15% year-over-year increase to no growth, compounded by reduced ITC rate expectations and supply chain constraints impacting affiliate partners.
This aggregate rating is based on analysts' research of Sunrun and is not a guaranteed prediction by Public.com or investment advice.
Sunrun (RUN) Analyst Forecast & Price Prediction
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