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RUNSunrun Inc.Sell5.7·$12.63+1.32%
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Sunrun Inc. (RUN) Stock Analysis

Falling Knife setup

SellVALUE-TRAP 1/5Moderate Confidence

Technology · Solar

Sell if holding. Engine safety override at $12.63: Quality below floor (2.7 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 5.7/10 and A.R:R 2.5:1 is above the 1.5:1 BUY gate. Specifically: High short interest: 30%; Elevated put/call ratio: 1.51; Below-average business quality.

Sunrun is the nation's leading residential solar and storage provider, offering subscription-based solar energy via 20-25 year Customer Agreements and battery storage, serving residential homeowners. As of December 31, 2025, it had 8,404 MW Networked Solar Energy Capacity and... Read more

$12.63+37.2% A.UpsideScore 5.7/10#2 of 9 Solar
QualityF-score3 / 9FCF yield-75.37%
Stop $11.76Target $17.34(analyst − 10%)A.R:R 2.5:1
Analyst target$19.26+52.5%19 analysts
$17.34our TP
$12.63price
$19.26mean
$30

Sell if holding. Engine safety override at $12.63: Quality below floor (2.7 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 5.7/10 and A.R:R 2.5:1 is above the 1.5:1 BUY gate. Specifically: High short interest: 30%; Elevated put/call ratio: 1.51; Below-average business quality. Chart setup: Death cross, below all MAs, RSI 34, MACD bearish. Score 5.7/10, moderate confidence.

Passes 7/8 gates (favorable risk/reward ratio, clean insider activity, no SEC red flags, news events none recent, earnings proximity 50d clear, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum. Suitability: aggressive.

10-K grounded · weekly refresh

About Sunrun Inc.

About Sunrun Inc.

Sunrun held 8,404 megawatts of Networked Solar Energy Capacity and $21.1 billion in Gross Earning Assets at December 31, 2025, operating the largest fleet of residential energy systems in the United States since acquiring Vivint Solar on October 8, 2020. California represents over 45% of the company's customer base, making it the dominant geography, while a multi-channel sales model—direct-to-consumer, energy system partnerships, and strategic partnerships—supports reach across additional U.S. states.

Sunrun generates revenue and cash flows primarily through 20- or 25-year Customer Agreements—leases and power purchase agreements—under which customers pay for solar output at predetermined rates without purchasing systems outright. Tax equity investment funds have historically financed upfront installation costs; during 2024, the company transitioned a large portion of funding from traditional tax equity to tax credit transfer (transferability) structures under IRA provisions, which can delay cash receipt by monthly to over a year following system placement in service. Solar panels, inverters, and batteries are sourced from a limited number of manufacturers and suppliers, creating supply-chain exposure to tariff volatility: the Commerce Department in April 2025 issued final anti-dumping and countervailing duty rates on modules from Vietnam, Malaysia, Thailand, and Cambodia, with rates ranging from 1.92% to 534.67%. Sales are delivered through direct-to-consumer field and retail teams, energy system integrators, and strategic partnerships with consumer brands that market the Sunrun offering to their own customer bases.

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The One Big Beautiful Bill Act, signed July 4, 2025, accelerated the sunset of the Section 48E Clean Electricity Investment Credit for solar after December 31, 2027, unless construction begins by July 4, 2026—a hard deadline that constrains the near-term tax equity market on which Sunrun depends. California's April 2023 Net Billing Tariff transition reduced the financial credits customers receive from solar systems, with originations in the state remaining below pre-NBT levels. Treasury Notice 2025-42, issued in August 2025, largely eliminated the long-established 5% safe harbor for solar construction starts, adding to project timing uncertainty in Sunrun's core funding model.

See also: Technology · Solar

From Sunrun Inc.'s most recent 10-K filing, extracted June 11, 2026.

news + 30-day 8-K events · 5-min refresh

Recent developments

updated 2026-06-17

Recent Developments — Sunrun Inc.

Generated 2026-06-17T09:36:58Z.

TrendMatrix Research · upcoming catalyst calendar

Upcoming dated catalysts

Wed, Aug 5, 202650d to earnings· next earnings call

Thesis

Rewards
No bull case signals
Risks
Cyclical trap - fwd PE 15x vs trail 6x (2.6x)
Quality below floor (2.7 < 4.0)

Key Metrics

P/E (TTM)5.9
P/E (Fwd)15.4
Mkt Cap$3.0B
EV/EBITDA27.2
Profit Mgn17.9%
ROE-22.7%
Rev Growth43.2%
Beta2.30
DividendNone
Rating analysts28

Quality Signals

Piotroski F3/9

Options Flow

P/C1.51bearish
IV81%elevated
Max Pain$35+177.1% vs spot

Concentration Risks(10-K Item 1A)

  • MEDIUMGeographicCalifornia45%
    10-K Item 1A: 'California, which is one of our key markets and represents over 45% of our customer base, as of December 31, 2025'

Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.

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About TrendMatrix. TrendMatrix is a publisher of general securities research and market commentary. We publish on a regular schedule. All content is the same for every subscriber in a tier — we do not provide personalized investment advice and we do not take into account any individual subscriber's financial situation, investment objectives, risk tolerance, tax situation, or holdings.

Not investment advice. TrendMatrix is not a registered investment adviser. Our content is for informational and educational purposes only. Consult your own licensed investment adviser, broker, or tax professional before making any investment decision.

Conflicts and positions. The TrendMatrix editorial team frequently holds personal long-term positions in securities discussed. We disclose positions held at the time of publication on each piece. We maintain a trading-window policy: we do not initiate or close positions in the same direction as a TrendMatrix publication within 24 hours before or 72 hours after publication.

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Performance. Past performance is not indicative of future results. Performance figures reflect the published model only and do not reflect any individual subscriber's actual results.

Methodology · Editorial policy & full disclaimer

Rating Breakdown

3 floor-breakers·1 ceiling hit

Volatile — 7.7% daily ATR makes tight stops impractical. Position-size conservatively.static

Volatility
0.0
Implied Vol
0.0
Short Interest
0.5
Debt Equity
2.0
Beta
2.3
Put Call
3.3
Days To Cover
3.5
Max Pain Risk
7.0
High short interest justified: 30%Elevated put/call: 1.51High IV: 81%

Quality below the gate floor. Component breakdown shows what dragged the score down.static

Roe
0.0
Roa
0.0
Operating Margin
0.0
Fcf Quality
0.0
Gross Margin
2.4
Piotroski F
3.3
Moat
4.2
Current Ratio
5.3
Net Margin
8.9
Strong margins: 18%Earnings quality RED FLAG: -395% FCF/NINo competitive moatWeak Piotroski F-Score: 3/9Quality concerns

Price action weak — below key moving averages, no momentum carry. Needs a base before trend-continuation setups apply.static

Macd
0.0
Volume
1.7
Ma Position
2.2
Rsi
3.5
Obv
10.0
Volume accumulation (rising OBV)Below 200-MA but MA still rising (+1.6%/30d) — pullback in uptrend, not confirmed weakness
GatesMomentum 3.5<4.5A.R:R 2.5 ≥ 1.5Insider activity: OKNo SEC red flagsNEWS EVENTS NONE RECENTEARNINGS PROXIMITY 50d clearSEMI CYCLE PEAK CLEARMATERIALS CYCLE PEAK CLEARFalling KnifeSuitability: Aggressive
RSI
34 · Neutral
20D MA 50D MA 200D MADEATH CROSSSupport $11.70Resistance $16.76

Price Targets

$12
$17
A.Upside+37.3%
A.R:R2.5:1

Position Sizing

ConvictionNone
Suggested %0.5%
Max %1%
RegimeSteady

Risk Alerts

! Cyclical trap - fwd PE 15x vs trail 6x (2.6x)
! Quality below floor (2.7 < 4.0)
! momentum at 3.5 (below the engine's 4.5 threshold)

Earnings

B
B
B
M
3/4 beats
Next Earnings2026-08-05 (50d)

Verdict History

reverse chrono — latest first
Loading history...
Verdicts are recorded on every nightly pipeline run. Rows capture transitions (verdict flips, score deltas ≥0.3, entry/TP/SL changes). Rows with a ▶ can be expanded to see the change reason. Aggregate cohort performance is tracked in the recommendation ledger.
Frequently Asked Questions
Is RUN stock a buy right now?

Sell if holding. Engine safety override at $12.63: Quality below floor (2.7 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 5.7/10 and A.R:R 2.5:1 is above the 1.5:1 BUY gate. Specifically: High short interest: 30%; Elevated put/call ratio: 1.51; Below-average business quality. Chart setup: Death cross, below all MAs, RSI 34, MACD bearish. Prior stop was $11.76. Score 5.7/10, moderate confidence.

What is the RUN stock price target?

Take-profit target: $17.34 (+37.2% upside). Prior stop was $11.76. Stop-loss: $11.76.

What are the risks of investing in RUN?

Cyclical trap - fwd PE 15x vs trail 6x (2.6x); Quality below floor (2.7 < 4.0).

Is RUN overvalued or undervalued?

Sunrun Inc. trades at a P/E of 5.9 (forward 15.4). TrendMatrix value score: 6.7/10. Verdict: Sell.

What do analysts say about RUN?

28 analysts cover RUN with a consensus score of 3.6/5. Average price target: $19.

What does Sunrun Inc. do?Sunrun is the nation's leading residential solar and storage provider, offering subscription-based solar energy via...

Sunrun is the nation's leading residential solar and storage provider, offering subscription-based solar energy via 20-25 year Customer Agreements and battery storage, serving residential homeowners. As of December 31, 2025, it had 8,404 MW Networked Solar Energy Capacity and Gross Earning Assets of ~$21.1B, financed through tax equity and debt.

Related stocks: FSLR (First Solar, Inc.) · SHLS (Shoals Technologies Group, Inc.) · SEDG (SolarEdge Technologies, Inc.) · JKS (JinkoSolar Holding Company Limi) · NXT (Nextpower Inc.)
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