Sunrun (RUN)

• Market cap: $2.22B
• 1 day: -9.35%
• 5 days: -3.04%
• 1 month: -34.46%
• 3 months: -49.57%
• 6 months: -18.20%
• Year to date: -49.18%
• 1 year: -14.67%
• 5 years: -32.77%
• 10 years: -8.17%
• Sector: Industrials
• Industry: Miscellaneous Electrical Machinery, Equipment & Supplies

About: Sunrun is engaged in the design, development, installation, sale, ownership, and maintenance of residential solar energy systems in the United States. The company acquires customers directly and through relationships with various solar and strategic partners. The solar systems are constructed either by Sunrun or by Sunrun's partners and are owned by the company. Sunrun's customers typically enter into 20- to 25-year agreements to utilize its solar energy system. The company also sells solar energy systems and products, such as panels and racking, and solar leads generated to customers.

Employees: 10,833

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

36% more capital invested

Capital invested by funds: $3.14B [Q2] → $4.28B (+$1.14B) [Q3]

21% more first-time investments, than exits

New positions opened: 69 | Existing positions closed: 57

3% more funds holding

Funds holding: 411 [Q2] → 423 (+12) [Q3]

11% less call options, than puts

Call options by funds: $401M | Put options by funds: $449M

13.46% less ownership

Funds ownership: 119.47% [Q2] → 106.01% (-13.46%) [Q3]

18% less repeat investments, than reductions

Existing positions increased: 132 | Existing positions reduced: 160

20% less funds holding in top 10

Funds holding in top 10: 5 [Q2] → 4 (-1) [Q3]

Research analyst outlook

13 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $7.78 21% downside
• Avg. target: $22 120% upside
• High target: $35 254% upside

13 analyst ratings

• positive: 9 69%
• neutral: 3 23%
• negative: 1 8%

Morgan Stanley Stephen Byrd 46% 1-year accuracy 22 / 48 met price target	173% upside $27	Overweight Maintained	15 Nov 2024
Truist Securities Jordan Levy 24% 1-year accuracy 9 / 37 met price target	21% upside $12	Hold Reiterated	12 Nov 2024
BMO Capital Ameet Thakkar 60% 1-year accuracy 6 / 10 met price target	11% upside $11	Market Perform Maintained	11 Nov 2024
Roth MKM Robert Freeman 0 / 0 met price target	203% upside $30	Buy Maintained	8 Nov 2024
Wells Fargo Michael Blum 75% 1-year accuracy 18 / 24 met price target	52% upside $15	Overweight Maintained	8 Nov 2024