Tearsheet
Investment Highlights Market Valuation Price Chart About RUN Interactive Breakdown Better Bets vs. RUN Latest Trefis Analyses Trade Ideas Recent Active Movers More From Trefis Peer Financials Peer Growth & Margins Peer Valuation Peer Returns Peer Analyses FDIC Bank Data Financials Segment Financials Price Behavior Short Interest Earnings Returns History SEC Filings Insider Activity Industry Resource Links External Quote Links

Sunrun (RUN)

Market Price (10/20/2025): $19.6 | Market Cap: $4.5 Bil
Sector: Industrials | Industry: Building Products

Sunrun (RUN)

Market Price (10/20/2025): $19.6
Market Cap: $4.5 Bil
Sector: Industrials
Industry: Building Products

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

0  Weak multi-year price returns
3Y Excs Rtn is -102%		 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -489 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -23%
1   Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 302%
2   Stock price has recently run up significantly
6M Rtn6 month market price return is 185%
3   Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -38%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -175%
4   Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -62%
5   High stock price volatility
Vol 12M is 117%
6   Significant short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 25%
0 Weak multi-year price returns
3Y Excs Rtn is -102%
1 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -489 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -23%
2 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 302%
3 Stock price has recently run up significantly
6M Rtn6 month market price return is 185%
4 Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -38%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -175%
5 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -62%
6 High stock price volatility
Vol 12M is 117%
7 Significant short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 25%

Market Valuation & Key Metrics

RUNS&P 500
REVENUE GROWTHPOOR
Rev LTM ($ Bil)2.1
Rev Chg Q8.7%6.1%
Rev Chg LTM3.3%5.2%
Rev Chg 3Y Avg4.1%5.4%
PROFITABILITYVERY POOR
Op Inc LTM ($ Bil)-0.5
Op Mgn LTM-23.0%18.6%
CFO LTM ($ Bil)-0.8
CFO/Rev LTM-38.1%20.4%
Net Inc LTM ($ Bil)-2.6
Net Inc Mgn-120.6%12.7%
VALUATIONMODERATE
P/S2.13.2
P/CFO-5.515.9
P/FCF-1.220.7
P/E-1.724.0
STABILITYVERY POOR
Debt/Equity3.150.22
Cash/Assets0.030.07

RUN Stock

Return vs. Risk

Price Returns Compared

 202020212022202320242025Total [1]
Returns
RUN Return402%-51%-30%-18%-53%111%41%
Peers Return66%12%-6%15%19%100%382%
S&P 500 Return16%27%-19%24%23%13%106%

Monthly Win Rates [3]
RUN Win Rate83%17%50%50%33%67% 
Peers Win Rate63%62%43%55%45%71% 
S&P 500 Win Rate58%75%42%67%75%67% 

Max Drawdowns [4]
RUN Max Drawdown-39%-55%-48%-63%-53%-39% 
Peers Max Drawdown-47%-14%-30%-13%-17%-22% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 

[1] Cumulative total returns since the beginning of 2020
[2] Peers: BE, AEIS, BDC, ENS, FELE.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 10/17/2025 (YTD)

Downturns Compared

Unique KeyEventRUNS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-90.8%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven991.6%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-64.3%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven179.9%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven109 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-38.7%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven63.2%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven57 days120 days


How Low Can It Go?

Sunrun's stock fell -90.8% during the 2022 Inflation Shock from a high on 1/8/2021. A -90.8% loss requires a 991.6% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

Better Bets than Sunrun (RUN)

 RUNBetter Performance than RUN
MetricValueIndustry (Building Products)
Rev Chg LTM3.3%TT (10.2%), JCI (22.2%), CARR (9.0%), LII (7.9%), ALLE (5.5%)
Rev Chg 3Y Avg4.1%TT (11.8%), LII (7.2%), ALLE (10.3%), OC (6.8%), WTS (6.1%)
Op Mgn LTM-23.0%TT (18.4%), JCI (12.4%), CARR (10.9%), LII (19.6%), ALLE (21.0%)
CFO/Rev LTM-38.1%TT (15.6%), JCI (14.4%), CARR (4.4%), LII (15.4%), ALLE (19.7%)
FCF/Rev LTM-174.5%TT (13.5%), JCI (12.3%), CARR (2.4%), LII (12.6%), ALLE (17.6%)
Total Yield-57.4%TT (3.9%), JCI (4.5%), CARR (9.8%), LII (5.0%), ALLE (5.2%)
 RUNBetter Performance than RUN
MetricValueAll Other Sectors
Rev Chg LTM3.3%NVDA (71.6%), MSFT (14.9%), AAPL (6.0%), GOOGL (13.1%), AMZN (10.9%)
Rev Chg 3Y Avg4.1%NVDA (92.0%), MSFT (12.5%), GOOGL (10.2%), AMZN (11.3%), META (13.0%)
Op Mgn LTM-23.0%NVDA (58.1%), MSFT (45.6%), AAPL (31.9%), GOOGL (32.7%), AMZN (11.4%)
CFO/Rev LTM-38.1%NVDA (46.6%), MSFT (48.3%), AAPL (26.6%), GOOGL (36.0%), AMZN (18.1%)
FCF/Rev LTM-174.5%NVDA (43.6%), MSFT (25.4%), AAPL (23.5%), GOOGL (18.0%), AMZN (2.0%)
Total Yield-57.4%NVDA (2.0%), MSFT (3.3%), AAPL (3.0%), GOOGL (4.1%), AMZN (3.1%)
 Best Bets In Industrials Sector
 RUNGATX VRSK ADT CPRT NDSN TDG PCTY CSL STRL CSW
What You Pay           
P/E-1.719.335.511.527.628.938.139.211.437.928.8
P/EBIT-1.29.224.65.525.319.618.529.612.625.122.2
What You Get           
Rev Chg Q8.7%11.3%7.8%6.8%5.2%12.1%9.3%12.2%-0.1%5.4%16.6%
Rev Chg LTM3.3%11.7%7.6%6.6%9.7%4.5%12.8%7.0%4.4%3.3%12.3%
Rev Chg 3Y Avg4.1%9.8%10.0%2.6%9.9%3.6%18.2%22.7%5.2%12.2%11.3%
FCF/Rev 3Y Avg-153.5%38.6%32.4%24.1%23.7%21.5%20.8%20.5%18.3%18.2%18.1%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 16%, alpha of 4.2%, and sharpe of 0.76

Latest Trefis Analyses

TitleTopicDate
0DASHBOARDS  
1Sunrun Earnings Notes  
2Sunrun Stock Up 20%, Buy Or Wait?Return 
3Does Sunrun Stock Lead the Pack?Peer Comparison 
4Sunrun (RUN) Operating Cash Flow ComparisonFinancials 
5Sunrun (RUN) Operating Income ComparisonFinancials 
6Sunrun (RUN) Tax Expense ComparisonFinancials 
7Sunrun (RUN) Revenue ComparisonFinancials 
8Sunrun (RUN) Net Income ComparisonFinancials 
9Sunrun (RUN) EBITDA ComparisonFinancials 
10Sunrun (RUN) Debt ComparisonFinancials 
11ARTICLES  
12Small Cap Stocks Trading At 52-Week High October 10th, 2025
13Market Movers | Winners: PGEN, RUN, UP | Losers: NUTX, GTN-A, AMAT August 16th, 2025
14How Low Can Sunrun Stock Go? July 11th, 2025
15Market Movers | Winners: SANA, UP, QS | Losers: RUN, AEVA, HLIT July 9th, 2025
167/7/2025 Market Movers | Winners: COGT, SLSR, RUN | Losers: CORZ, APGE, LVWR July 8th, 2025

Trade Ideas

Select past ideas related to RUN. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
FCN_9302025_Dip_Buyer_ValueBuy09302025FCNFTI ConsultingDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		-5.8%-5.8%-6.2%
ODFL_9122025_Monopoly_xInd_xCD_Getting_Cheaper09122025ODFLOld Dominion Freight LineMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		-4.7%-4.7%-7.3%
EFX_8312025_Monopoly_xInd_xCD_Getting_Cheaper08312025EFXEquifaxMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		-7.9%-7.9%-8.5%
UHAL_8312025_Monopoly_xInd_xCD_Getting_Cheaper08312025UHALU-HaulMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		-3.6%-3.6%-5.6%
BWXT_8312025_Quality_Momentum_RoomToRun_10%08312025BWXTBWX TechnologiesQualityQ | Momentum | UpsideQuality Stocks with Momentum and Upside
Buying quality stocks with strong momentum but still having room to run		25.4%25.4%-1.2%
RUN_4302025_Short_Squeeze04302025RUNSunrunSpecialShort Squeeze PotentialShort Squeeze Potential
Has potential for a short squeeze. High short interest, rising short interest and high debt.		183.2%183.2%-16.1%
RUN_9302024_Short_Squeeze09302024RUNSunrunSpecialShort Squeeze PotentialShort Squeeze Potential
Has potential for a short squeeze. High short interest, rising short interest and high debt.		-67.6%-4.3%-68.6%
RUN_9302023_Short_Squeeze09302023RUNSunrunSpecialShort Squeeze PotentialShort Squeeze Potential
Has potential for a short squeeze. High short interest, rising short interest and high debt.		4.9%47.3%-29.6%
Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
FCN_9302025_Dip_Buyer_ValueBuy09302025FCNFTI ConsultingDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		-5.8%-5.8%-6.2%
ODFL_9122025_Monopoly_xInd_xCD_Getting_Cheaper09122025ODFLOld Dominion Freight LineMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		-4.7%-4.7%-7.3%
EFX_8312025_Monopoly_xInd_xCD_Getting_Cheaper08312025EFXEquifaxMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		-7.9%-7.9%-8.5%
UHAL_8312025_Monopoly_xInd_xCD_Getting_Cheaper08312025UHALU-HaulMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		-3.6%-3.6%-5.6%
BWXT_8312025_Quality_Momentum_RoomToRun_10%08312025BWXTBWX TechnologiesQualityQ | Momentum | UpsideQuality Stocks with Momentum and Upside
Buying quality stocks with strong momentum but still having room to run		25.4%25.4%-1.2%
RUN_4302025_Short_Squeeze04302025RUNSunrunSpecialShort Squeeze PotentialShort Squeeze Potential
Has potential for a short squeeze. High short interest, rising short interest and high debt.		183.2%183.2%-16.1%
RUN_9302024_Short_Squeeze09302024RUNSunrunSpecialShort Squeeze PotentialShort Squeeze Potential
Has potential for a short squeeze. High short interest, rising short interest and high debt.		-67.6%-4.3%-68.6%
RUN_9302023_Short_Squeeze09302023RUNSunrunSpecialShort Squeeze PotentialShort Squeeze Potential
Has potential for a short squeeze. High short interest, rising short interest and high debt.		4.9%47.3%-29.6%

Recent Active Movers

1 Week Top Gainers

#TickerCompany1W RtnYTD Rtn
1PRAXPraxis Precision Medicines256.7%146.9%
2NVTSNavitas Semiconductor78.1%310.6%
3SSIISS Innovations International40.1%23.4%
4FLNCFluence Energy40.0%15.4%
5BTDRBitdeer Technologies35.1%10.8%
6MVSTMicrovast34.6%181.6%
7POWIPower Integrations31.3%-25.4%
8CCOClear Channel Outdoor30.8%24.1%
9IRONDisc Medicine28.7%41.9%
10BEBloom Energy28.4%402.0%

1 Week Top Losers

#TickerCompany1W RtnYTD Rtn
1SOCSable Offshore-35.8%-48.4%
2SRRKScholar Rock-29.2%-35.4%
3AIVApartment Investment & Management-28.3%-9.0%
4ALABAstera Labs-22.5%20.6%
5BYRNByrna Technologies-19.7%-26.6%
6BWINBaldwin Insurance-19.5%-40.3%
7ONDSOndas-17.5%197.3%
8URGUr-Energy-17.4%40.0%
9IIINInsteel Industries-16.4%14.6%
10LIFLife360-16.0%112.3%

1 Month Top Gainers

#TickerCompany1M RtnYTD Rtn
1WOLFWolfspeed1160.2%365.5%
2PRAXPraxis Precision Medicines320.1%146.9%
3QUREuniQure293.5%228.4%
4FLNCFluence Energy131.4%15.4%
5CLPTClearPoint Neuro123.6%65.0%
6NVTSNavitas Semiconductor117.8%310.6%
7LACLithium Americas110.9%128.6%
8ASTSAST SpaceMobile101.5%295.7%
9BETRBetter Home & Finance97.8%610.2%
10GRALGRAIL97.0%337.0%

1 Month Top Losers

#TickerCompany1M RtnYTD Rtn
1SOCSable Offshore-50.9%-48.4%
2FLYFirefly Aerospace-41.7% 
3PGYPagaya Technologies-39.5%185.3%
4UPWheels Up Experience-37.1%-6.7%
5ALABAstera Labs-36.6%20.6%
6VGVenture Global-35.8% 
7USNAUsana Health Sciences-32.3%-41.8%
8UPSTUpstart-31.7%-24.5%
9DOMODomo-30.8%73.6%
10TROXTronox-30.6%-63.2%

Recent Active Movers

1 Week Top Gainers

#TickerCompany1W RtnYTD Rtn
1PRAXPraxis Precision Medicines256.7%146.9%
2NVTSNavitas Semiconductor78.1%310.6%
3SSIISS Innovations International40.1%23.4%
4FLNCFluence Energy40.0%15.4%
5BTDRBitdeer Technologies35.1%10.8%
6MVSTMicrovast34.6%181.6%
7POWIPower Integrations31.3%-25.4%
8CCOClear Channel Outdoor30.8%24.1%
9IRONDisc Medicine28.7%41.9%
10BEBloom Energy28.4%402.0%

1 Week Top Losers

#TickerCompany1W RtnYTD Rtn
1SOCSable Offshore-35.8%-48.4%
2SRRKScholar Rock-29.2%-35.4%
3AIVApartment Investment & Management-28.3%-9.0%
4ALABAstera Labs-22.5%20.6%
5BYRNByrna Technologies-19.7%-26.6%
6BWINBaldwin Insurance-19.5%-40.3%
7ONDSOndas-17.5%197.3%
8URGUr-Energy-17.4%40.0%
9IIINInsteel Industries-16.4%14.6%
10LIFLife360-16.0%112.3%

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons for Sunrun

Financials

RUNBEAEISBDCENSFELEMedian
NameSunrun Bloom En.Advanced.Belden EnerSys Franklin. 
Mkt Price19.51111.50191.98112.49121.0897.30112.00
Mkt Cap4.525.97.24.54.74.44.6
Rev LTM2,1291,6301,6362,5503,6582,0602,095
Op Inc LTM-48972123286479253188
FCF LTM-3,71644123220133218128
FCF 3Y Avg-3,367-311119215255217167
CFO LTM-81191191357251258221
CFO 3Y Avg-793-233183339357258221

Growth & Margins

RUNBEAEISBDCENSFELEMedian
NameSunrun Bloom En.Advanced.Belden EnerSys Franklin. 
Rev Chg LTM3.3%22.7%8.5%6.0%3.7%2.2%4.9%
Rev Chg 3Y Avg4.1%18.8%2.3%2.3%2.2%3.0%2.7%
Rev Chg Q8.7%19.5%21.0%16.6%4.7%8.1%12.7%
QoQ Delta Rev Chg LTM2.2%4.2%4.9%3.6%1.1%2.2%2.9%
Op Mgn LTM-23.0%4.4%7.5%11.2%13.1%12.3%9.4%
Op Mgn 3Y Avg-29.4%-7.9%8.2%11.8%11.1%12.7%9.6%
QoQ Delta Op Mgn LTM1.3%1.1%1.2%0.4%-0.3%0.2%0.7%
CFO/Rev LTM-38.1%5.6%11.7%14.0%6.9%12.5%9.3%
CFO/Rev 3Y Avg-35.5%-17.9%11.1%13.5%9.8%12.6%10.4%
FCF/Rev LTM-174.5%2.7%7.5%8.6%3.6%10.6%5.6%
FCF/Rev 3Y Avg-153.5%-23.6%7.2%8.5%7.0%10.6%7.1%

Valuation

RUNBEAEISBDCENSFELEMedian
NameSunrun Bloom En.Advanced.Belden EnerSys Franklin. 
Mkt Cap4.525.97.24.54.74.44.6
P/S2.115.94.41.81.32.12.1
P/EBIT-1.2293.270.015.810.618.217.0
P/E-1.71,096.386.121.213.424.622.9
P/CFO-5.5285.037.812.718.717.117.9
Total Yield-57.4%0.1%1.4%4.8%8.3%4.6%3.0%
Dividend Yield0.0%0.0%0.2%0.1%0.8%0.6%0.2%
FCF Yield 3Y Avg-133.5%-10.2%2.7%5.2%6.2%4.9%3.8%
D/E3.20.10.10.30.30.10.2
Net D/E3.00.0-0.00.20.20.10.1

Returns

RUNBEAEISBDCENSFELEMedian
NameSunrun Bloom En.Advanced.Belden EnerSys Franklin. 
1M Rtn17.7%31.3%10.1%-13.7%10.1%2.1%10.1%
3M Rtn90.5%346.2%34.1%-12.0%36.9%7.4%35.5%
6M Rtn184.8%555.9%121.5%19.7%47.3%13.0%84.4%
12M Rtn33.5%997.4%74.3%-6.0%19.6%-5.9%26.6%
3Y Rtn-0.8%586.2%173.9%80.7%111.8%21.6%96.3%
1M Excs Rtn19.2%37.2%12.6%-14.5%8.2%0.7%10.4%
3M Excs Rtn80.8%334.0%29.0%-17.5%31.3%2.3%30.2%
6M Excs Rtn158.7%529.7%95.4%-6.4%21.1%-13.1%58.3%
12M Excs Rtn14.7%951.4%66.0%-19.6%5.8%-21.1%10.3%
3Y Excs Rtn-102.5%483.0%84.4%1.0%24.4%-66.8%12.7%

Comparison Analyses

Financials

$ Mil | FY: 12/312025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q32023Q22023Q12022Q42022Q3
Period End6/30/20253/31/202512/31/20249/30/20246/30/20243/31/202412/31/20239/30/20236/30/20233/31/202312/31/20229/30/2022
Filing Date8/6/20255/7/20252/27/202511/7/20248/6/20245/8/20242/21/202411/1/20238/2/20235/3/20232/22/202311/2/2022
Key Financials Quarterly            
Total Revenue569504518537524458517563590590609632
Ebitda6310-3,004-558957-212-1,131-38-130-7380
Operating Income-112-115-134-128-128-183-198-189-206-228-189-136
Net Income28050-2,814-84139-88-350-1,06955-24063211
EPS1.220.22-12.51-0.370.63-0.40-1.60-4.920.26-1.120.300.99
Key Financials TTM            
Total Revenue TTM2,1292,0842,0382,0362,0622,1282,2602,3522,4212,4152,3212,147
Ebitda TTM-2,986-2,961-2,913-121-1,197-1,324-1,511-1,372-160-1195021
Operating Income TTM-489-505-573-636-698-776-821-812-759-708-662-681
Net Income TTM-2,568-2,708-2,846-383-1,368-1,452-1,604-1,191892117372
Growth Rates Quarterly            
Total Revenue Growth8.7%10.1%0.4%-4.6%-11.2%-22.3%-15.2%-10.9%1.0%19.0%40.0%44.0%
EBITDA Growth-29.1%-83.2%-1316.0%95.2%333.2%144.2%-190.1%-1508.0%-1131.6%-435.6%28.1%285.1%
Operating Income Growth12.3%37.3%32.1%32.6%37.8%19.6%-4.4%-39.1%-32.6%-25.5%9.0%1.2%
Net Income Growth101.2%156.9%-703.6%92.2%150.7%63.5%-655.6%-607.9%546.4%-173.9%263.6%772.6%
Margins Quarterly            
EBITDA Margin11.1%1.9%-579.4%-10.2%17.0%12.5%-41.1%-200.8%-6.5%-22.0%-12.0%12.7%
Operating Income Margin-19.7%-22.8%-25.9%-23.8%-24.4%-40.0%-38.2%-33.6%-34.9%-38.6%-31.1%-21.6%
Net Income Margin49.1%9.9%-542.7%-15.6%26.5%-19.2%-67.8%-189.9%9.4%-40.8%10.3%33.3%
Cash & Debt            
Total Cash618605575534708487679644669629741672
Total Debt14,13513,67313,02212,58312,09911,54511,08710,64210,0009,2978,7658,353
Net Debt / (Cash)13,51713,06812,44812,04911,39211,05810,4089,9989,3318,6698,0247,681
Cash Flows Quarterly            
FCF from Operations-293-104-258-156-209-143-116-63-202-439-305-90
Cash Flows TTM            
FCF from Operations TTM-811-727-766-624-531-525-821-1,009-1,036-1,032-849-825
Returns to Shareholders Quarterly            
Dividends000000000000
Share Repurchases-0-0-0-0-0-0-0-0-0-0-0-0
Return on Invested Capital (ROIC) Quarterly            
ROIC-1.6%-1.6%-2.8%-2.6%-2.7%-4.1%-4.6%-4.5%-5.2%-5.1%-5.2%-3.8%
Return on Invested Capital (ROIC) TTM            
ROIC TTM-2.3%-2.5%-3.0%-3.3%-3.8%-4.4%-4.8%-4.8%-4.6%-4.4%-4.5%-4.8%

Segment Financials

Revenue by Segment

$ Mil20242023202220212020
Customer agreements1,077872725433345
Solar energy systems656914471270283
Product sales417424312168187
Incentives1101111015242
Total2,2602,3211,610922859


Price Behavior

RUN Betas & Captures as of 9/30/2025

 1M2M3M6M1Y3Y
Beta0.850.27-0.781.281.111.82
Up Beta5.233.621.391.821.381.86
Down Beta1.6110.974.421.191.511.49
Up Capture87%-16%41%203%40%719%
Bmk +ve Days13233574144420
Stock +ve Days11183068119352
Down Capture-108%-987%-1000%-41%79%110%
Bmk -ve Days8192952107330
Stock -ve Days10243357130394

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Short Interest

Short Interest: As Of Date9302025
Short Interest: Shares Quantity58,042,482
Short Interest: % Change Since 91520251.9%
Average Daily Volume10,086,427
Days-to-Cover Short Interest5.75
Basic Shares Quantity229,167,000
Short % of Basic Shares25.3%

Returns Analyses

Earnings Returns History

Expand for More

 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/6/202532.3%20.5%100.4%
2/27/2025-8.3%-13.1%-24.9%
11/7/2024-11.8%-5.9%-3.4%
8/6/202411.0%16.9%16.8%
5/8/20247.8%5.0%16.9%
2/21/2024-18.0%-24.3%-24.5%
11/1/202310.1%10.1%51.1%
8/2/20237.6%0.8%-12.4%
...
SUMMARY STATS   
# Positive91110
# Negative121011
Median Positive10.1%5.1%16.8%
Median Negative-8.7%-10.6%-24.5%
Max Positive32.3%20.5%100.4%
Max Negative-18.0%-25.4%-49.6%

SEC Filings

Expand for More

Report DateFiling DateFiling
6302025806202510-Q 6/30/2025
3312025507202510-Q 3/31/2025
12312024227202510-K 12/31/2024
93020241107202410-Q 9/30/2024
6302024806202410-Q 6/30/2024
3312024508202410-Q 3/31/2024
12312023221202410-K 12/31/2023
93020231101202310-Q 9/30/2023
6302023802202310-Q 6/30/2023
3312023503202310-Q 3/31/2023
12312022222202310-K 12/31/2022
93020221102202210-Q 9/30/2022
6302022803202210-Q 6/30/2022
3312022504202210-Q 3/31/2022
12312021217202210-K 12/31/2021
93020211104202110-Q 9/30/2021

Insider Activity

Expand for More

 OwnerTitleFiling DateActionPriceSharesTransacted
Value		Value of
Held Shares		Form
0Jurich Lynn Michelle9102025Sell16.924908,29116,082,726Form
1Dickson Paul S.Pres. & Chief Revenue Officer9102025Sell16.922,57743,61311,448,528Form
2Abajian DannyChief Financial Officer9102025Sell16.932,18036,9127,373,487Form
3STEELE JEANNAChief Legal & People Officer9102025Sell16.931,43324,2637,004,443Form
4Powell MaryChief Executive Officer9102025Sell16.933,14253,19715,039,532Form

External Quote Links


Prefer one of these to Trefis? Tell us why.