Earnings summaries and quarterly performance for Sunrun.
Executive leadership at Sunrun.
Board of directors at Sunrun.
AF
Alan Ferber
Detailed
Lead Independent Director
CC
Craig Cornelius
Detailed
Director
EF
Edward Fenster
Detailed
Co-Executive Chair and Director
JT
John Trinta
Detailed
Director
KA
Katherine August-deWilde
Detailed
Director
LD
Leslie Dach
Detailed
Director
LJ
Lynn Jurich
Detailed
Co-Executive Chair and Director
SL
Sonita Lontoh
Detailed
Director
Research analysts who have asked questions during Sunrun earnings calls.
MM
Maheep Mandloi
Mizuho Financial Group
6 questions for RUN
Also covers: ARRY, BE, CSIQ +10 more
PS
Philip Shen
ROTH MKM
6 questions for RUN
Also covers: ARRY, CSIQ, DQ +13 more
BL
Brian Lee
Goldman Sachs Group, Inc.
5 questions for RUN
Also covers: ARRY, AYI, CCJ +22 more
DN
Dylan Nassano
Wolfe Research
4 questions for RUN
Also covers: ARRY, ENPH, FLNC +5 more
Moses Sutton
BNP Paribas
4 questions for RUN
Also covers: ENPH, FSLR, GEV +4 more
AT
Ameet Thakkar
BMO Capital Markets
3 questions for RUN
Also covers: ARRY, BE, BLDP +7 more
CD
Chris Dendrinos
RBC Capital Markets
3 questions for RUN
Also covers: ARRY, BE, CHPT +11 more
CR
Colin Rusch
Oppenheimer & Co. Inc.
3 questions for RUN
Also covers: AEVA, ALB, AMPX +25 more
Julien Dumoulin-Smith
Jefferies
3 questions for RUN
Also covers: AEE, AEP, AES +60 more
PS
Praneeth Satish
Wells Fargo
3 questions for RUN
Also covers: ARIS, CSIQ, ENB +13 more
AA
Andre Adams
Oppenheimer
2 questions for RUN
AP
Andrew Percoco
Morgan Stanley
2 questions for RUN
Also covers: ADNT, BE, CAR +12 more
JO
Joseph Osha
Guggenheim Partners
2 questions for RUN
Also covers: AMRC, ARRY, CHPT +12 more
KH
Kashy Harrison
Piper Sandler
2 questions for RUN
Also covers: AMRC, ARRY, BE +13 more
RZ
Robert Zilfer
Raymond James
2 questions for RUN
DA
David Arcaro
Morgan Stanley
1 question for RUN
Also covers: AEP, AES, ATO +35 more
Hannah Velásquez
Jefferies
1 question for RUN
Also covers: CWEN, FLNC, ORA +2 more
JW
James West
Evercore ISI
1 question for RUN
Also covers: AMPS, BKR, BORR +12 more
JW
Jon Windham
UBS Group AG
1 question for RUN
Also covers: ARRY, BEP, BEPC +4 more
JL
Jordan Levy
Truist Securities
1 question for RUN
Also covers: AMTX, ARRY, BLDP +10 more
MB
Macro Bay
iBank
1 question for RUN
TM
Tim Moore
EF Hutton
1 question for RUN
Also covers: AMPS, AMSC, ARQ +12 more
TB
Tyler Bisset
Goldman Sachs
1 question for RUN
Also covers: HASI, HAYW, JKS +4 more
Recent press releases and 8-K filings for RUN.
Sunrun Reports Strong 2025 Financial Performance with Positive Cash Generation
RUN
Earnings
Revenue Acceleration/Inflection
New Projects/Investments
- Sunrun delivered strong financial results in 2025, with Aggregate Subscriber Value reaching $5.6 billion (+10% year-over-year) and Contracted Net Value Creation growing 44% year-over-year to $1.0 billion. The company achieved $377 million in Cash Generation for the full year 2025, marking an inflection point from negative cash generation in prior years.
- The company's margin-focused strategy resulted in positive upfront margins, with Upfront Net Subscriber Value representing 7% of Contracted Subscriber Value in 2025. For the full year 2025, Sunrun reported Net income attributable to common stockholders of $450 million and diluted EPS of $1.71.
- Sunrun's operational focus on higher-value products led to a 71% Storage Attachment Rate for new customers in 4Q25, contributing to a total Networked Storage Capacity of 4.0 GWh by year-end 2025. In February 2026, the company formed a joint venture partnership to acquire and finance residential storage and solar assets, evolving its asset sale model where Non-Retained or Partially Retained Subscribers represented 51% of Subscriber Additions in 4Q25.
- As of December 31, 2025, Sunrun maintained a strong liquidity position with $823 million in unrestricted cash and reduced its recourse debt by $148 million during the full year 2025. The company plans to allocate over $100 million of Cash Generation to repay parent debt in 2026.
1 day ago
Sunrun Reports Strong 2025 Financial Results and Provides 2026 Outlook
RUN
Earnings
Guidance Update
New Projects/Investments
- Sunrun reported $377 million in cash generation for the full year 2025 and paid down $148 million of parent level recourse debt.
- The company achieved 108,000 subscriber additions in 2025, with a 71% storage attachment rate exiting the year, an increase of 9 percentage points from the prior year.
- Sunrun announced new strategic financing partnerships, including a joint venture for asset acquisition and financing, and a partnership with Hannon Armstrong (HASI) to finance over 300 megawatts of capacity.
- For the full year 2026, Sunrun expects Cash Generation to be between $250 million and $450 million, and Aggregate Subscriber Value to be between $4.8 billion and $5.2 billion.
1 day ago
Sunrun reports Q4 2025 results and provides 2026 outlook
RUN
Earnings
Guidance Update
New Projects/Investments
- Sunrun delivered $377 million in cash generation for 2025 and projects $250 million to $450 million for full year 2026.
- The company paid down approximately $150 million in parent level recourse debt in 2025 and aims to pay down $100 million or more in 2026 to reach its 2x leverage target.
- Full year 2025 subscriber additions were 108,000, approximately flat year-over-year, with Storage Attachment Rates increasing to 71%.
- Sunrun established new joint venture partnerships, including one with Hannon Armstrong (HASI) involving up to $500 million in investment for over 300 megawatts of capacity.
1 day ago
Sunrun Reports Q4 2025 Results and 2026 Outlook
RUN
Earnings
Guidance Update
New Projects/Investments
- Sunrun achieved $377 million in cash generation and paid down $148 million of parent level recourse debt in 2025, with no recourse debt maturities until March 2028.
- The company's strategic focus on higher-margin offerings led to an increase in Storage Attachment Rates to 71% in 2025 , and it anticipates high single-digit to low double-digit growth in its direct business in 2026, while reducing affiliate volumes by over 40%.
- New financing strategies include monetizing approximately half of Q4 2025 subscriber additions through asset sales and establishing a joint venture with Hannon Armstrong Sustainable Infrastructure Capital (HASI) for up to $500 million in investments.
- For the full year 2026, Sunrun expects cash generation to be between $250 million-$450 million.
1 day ago
Sunrun Reports Fourth Quarter and Full Year 2025 Financial Results
RUN
Earnings
Guidance Update
New Projects/Investments
- Sunrun reported Q4 2025 total revenue of $1,158.8 million, a 124% increase year-over-year, and full year 2025 total revenue of $2,957.0 million, up 45% from the prior year. Net income attributable to common stockholders was $103.6 million ($0.45 per basic share) for Q4 2025 and $449.9 million ($1.96 per basic share) for full year 2025.
- The company achieved Cash Generation of $187 million in Q4 2025 and paid down $81 million of recourse debt in the quarter. For full year 2026, Sunrun anticipates Cash Generation in the range of $250 million to $450 million.
- Operational highlights include a record Storage Attachment Rate of 71% in Q4 2025 and a total of 997,280 Subscribers as of December 31, 2025, representing 12% growth year-over-year. Contracted Net Value Creation for Q4 2025 was $176 million.
1 day ago
Sunrun and HASI Close $500M Joint Venture
RUN
New Projects/Investments
Revenue Acceleration/Inflection
- Sunrun and HA Sustainable Infrastructure Capital (HASI) closed a $500 million joint venture in December 2025 to finance distributed energy assets for over 40,000 home power plants nationwide.
- HASI will invest up to $500 million over an 18-month period, with the financing expected to reduce Sunrun's overall cost of capital and be accounted for as a consolidated entity on Sunrun's financials.
- The partnership aims to accelerate the deployment of residential solar, battery storage, and grid-interactive systems, with Sunrun acting as the owner and operator of the residential energy assets within the JV.
Jan 6, 2026, 12:19 PM
Sunrun Inc. Details Financial Covenants and Reporting Requirements
RUN
Debt Issuance
New Projects/Investments
- Sunrun Inc. filed an 8-K on January 6, 2026, for the Q4 2025 period.
- The company's Quarter-End Liquidity Required Amount is set at 16.0% for Q4 2025, increasing to 17.0% for Q1 2026, 18.0% for Q2 2026, 19.0% for Q3 2026, and 20.0% for all fiscal quarters after Q3 2026.
- Key financial covenants include maintaining a Minimum Interest Coverage Ratio of 4.50:1.00 and a Leverage Ratio not exceeding 5.00:1.00, both commencing with the Measurement Period ending March 31, 2022.
- Sunrun is required to deliver audited annual financial statements within 90 days and quarterly financial statements within 45 days after the end of the respective periods. Additionally, reports on megawatts booked, installed, inspected, and terminated must be provided within 60 days after each fiscal quarter.
Jan 6, 2026, 12:00 PM
Sunrun and NRG Energy Announce Partnership for Distributed Energy in Texas
RUN
New Projects/Investments
Product Launch
- Sunrun has entered into a new multi-year partnership with NRG Energy to accelerate the adoption of distributed energy, including home battery storage, in Texas.
- The collaboration aims to deliver dispatchable capacity to meet Texas's surging energy demand and support the ERCOT market.
- Texas residents will be offered a complete home energy solution, pairing Sunrun's solar-plus-storage systems with optimized rate plans and smart battery programming through NRG's retail electricity provider, Reliant.
- This partnership is a significant step towards NRG's goal of creating a 1 GW virtual power plant by 2035.
Dec 16, 2025, 2:00 PM
Sunrun Reports Strong 3Q25 Financials, Diversifies Capital Strategy, and Expands Storage-First Approach
RUN
Guidance Update
Debt Issuance
New Projects/Investments
- Sunrun's Net Earning Assets reached $8.2 billion in 3Q25, with $3.4 billion in Contracted Net Earning Assets. The company generated $268 million in cash during 1H25 and ended Q3 with $709 million in unrestricted cash, while actively reducing recourse debt.
- The company significantly bolstered its capital structure, securing ~$2.8 billion in new tax equity commitments and term sheets, and raising ~$2.8 billion in non-recourse debt financing year-to-date. Sunrun is also diversifying its asset monetization strategy through programmatic sales of newly originated assets, which generated $115 million in revenue from Non-Retained or Partially Retained Subscribers in 3Q25.
- Sunrun maintains a strong operational focus on storage, achieving a 70% Storage Attachment Rate in 3Q25. The company is strategically positioned to leverage the 48E Investment Tax Credit, with projects commenced to retain full ITC value through 2029 and plans to extend this through 2030.
Nov 13, 2025, 6:00 AM
Sunrun Reports Strong Q3 2025 Financial Performance and Positive 2026 Outlook
RUN
Earnings
Guidance Update
New Projects/Investments
- Sunrun delivered $1.6 billion in Aggregate Subscriber Value in Q3 2025, a 10% year-over-year increase, and $279 million in Contracted Net Value Creation, up 35% year-over-year.
- The company achieved $108 million in Cash Generation in Q3 2025, marking its sixth consecutive quarter of positive Cash Generation.
- Upfront Net Subscriber Value reached $3,522 in Q3 2025, representing a 7% margin and an expansion of 5 percentage points year-over-year.
- While Subscriber Additions decreased 1% year-over-year to 30,104 in Q3 2025, the Storage Attachment Rate reached 70%.
- Sunrun anticipates positive volume growth and margin expansion in 2026, despite industry projections for a decline.
Nov 6, 2025, 9:30 PM
Quarterly earnings call transcripts for Sunrun.
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