Sunrun (RUN)

• Market cap: $2.15B
• 1 day: -2.74%
• 5 days: -1.44%
• 1 month: -17.82%
• 3 months: -46.90%
• 6 months: -12.18%
• Year to date: -50.72%
• 1 year: -50.72%
• 5 years: -30.20%
• 10 years: -10.96%
• 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)

35% more capital invested

Capital invested by funds: $3.2B [Q2] → $4.32B (+$1.12B) [Q3]

35% more first-time investments, than exits

New positions opened: 70 | Existing positions closed: 52

4% more funds holding

Funds holding: 412 [Q2] → 430 (+18) [Q3]

11% less call options, than puts

Call options by funds: $401M | Put options by funds: $451M

14.38% less ownership

Funds ownership: 121.56% [Q2] → 107.19% (-14.38%) [Q3]

18% less repeat investments, than reductions

Existing positions increased: 133 | Existing positions reduced: 162

20% less funds holding in top 10

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

Research analyst outlook

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

• Low target: $7.78 19% downside
• Avg. target: $18.27 91% upside
• High target: $30 213% upside

14 analyst ratings

• positive: 8 57%
• neutral: 5 36%
• negative: 1 7%

TD Cowen Jeff Osborne 75% 1-year accuracy 3 / 4 met price target	119% upside $21	Buy Initiated	19 Dec 2024
Goldman Sachs Brian Lee 37% 1-year accuracy 30 / 81 met price target	77% upside $17	Buy Maintained	17 Dec 2024
UBS Jon Windham 28% 1-year accuracy 5 / 18 met price target	46% upside $14	Neutral Maintained	26 Nov 2024
Piper Sandler Kashy Harrison 34% 1-year accuracy 14 / 41 met price target	15% upside $11	Neutral Downgraded	22 Nov 2024
Morgan Stanley Stephen Byrd 52% 1-year accuracy 58 / 111 met price target	182% upside $27	Overweight Maintained	15 Nov 2024