RUN Sunrun Inc.
Price Chart
Executive Summary
Sunrun reported Q1 2026 GAAP diluted EPS of $0.62, massively beating the $-0.05 Street consensus, on revenue of $722.2M (up 43% YoY). However, subscriber additions fell 25% YoY, Cash Generation was negative $59M, and the company reiterated unchanged full-year guidance. The headline earnings beat is overshadowed by operating losses and declining volumes, creating mixed signals.
Key Financial Metrics
Actionable Insight
The massive EPS beat may trigger a short-term rally, but the 25% decline in subscriber additions and negative free cash flow are structural concerns. Monitor Q2 subscriber trends and cash generation trajectory; the unchanged guidance suggests management sees no catalyst for inflection. Consider locking gains after the initial pop if holding.
Key Facts
- GAAP diluted EPS $0.62 vs consensus ($0.05) — a 1,340% beat
- Total revenue $722.2M, up 43% YoY from $504.3M
- Subscriber additions 17,665, down 25% YoY
- Storage attachment rate reached record 73%, up from 69%
- Cash Generation (non-GAAP) was negative $59M vs positive $56M in Q1 2025
- Full-year 2026 Cash Generation guidance maintained at $250M-$450M
- Net income attributable to common stockholders: $167.6M
- Operating loss from operations: $43.5M
Financial Impact
EPS beat by $0.67, revenue beat by ~$83.6M vs consensus (implied strong beat), but negative cash generation and volume decline warrant caution
Risk Factors
- Subscriber growth deceleration may signal market saturation or competitive losses
- Negative Cash Generation despite revenue growth raises liquidity concerns
- GAAP profitability is driven by non-controlling interest accounting, not operational improvement
- Policy/regulatory changes (net metering, ITC) could impact future economics
Market Snapshot
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3289303 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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Jun 9, 2026
today
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Insider Cluster
| $12.62 awaiting T+20 | awaiting T+20 | — | $12.60 (−0.15%) |
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May 6, 2026
4w ago
|
Press Release
| $13.80 $14.85 | ▲ +7.61% | ▲ +4.47% | $12.60 (−8.70%) |
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Apr 15, 2026
7w ago
|
DEFA14A
| $12.10 $14.46 | ▲ +19.50% | ▲ +13.69% | $12.60 (+4.13%) |
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Apr 8, 2026
8w ago
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Press Release
| $13.87 $13.46 | ▼ −2.96% | ▼ −11.50% | $12.60 (−9.16%) |
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Apr 6, 2026
9w ago
|
Insider Cluster
| $13.23 $12.70 | ▲ +4.01% | ▲ +12.99% | $12.60 (+4.76%) |
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Apr 1, 2026
10w ago
|
Insider Cluster
| $14.15 $11.93 | ▲ +15.69% | ▲ +25.41% | $12.60 (+10.95%) |
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Mar 2, 2026
14w ago
|
Insider Cluster
| $12.52 $12.14 | ▼ −3.04% | ▲ +4.90% | $12.60 (+0.64%) |
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Mar 2, 2026
14w ago
|
Insider Cluster
| $12.52 $12.14 | ▼ −3.04% | ▲ +4.90% | $12.60 (+0.64%) |
|
Mar 2, 2026
14w ago
|
Insider Cluster
| $12.52 $12.14 | ▼ −3.04% | ▲ +4.90% | $12.60 (+0.64%) |
US Market Status
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