Sunrun beats Q4 revenue estimates

SunRun

26/02/2026 21:30

Overview

Home battery storage provider's Q4 revenue rose, beating analyst expectations

Company paid down $81 mln of recourse debt in Q4

Storage attachment rate reached record 71% in Q4

Outlook

Sunrun expects full-year 2026 cash generation between $250 mln and $450 mln

Aggregate subscriber value expected between $4.8 bln and $5.2 bln for 2026

Contracted net value creation forecasted between $650 mln and $1,050 mln for 2026

Result Drivers

STORAGE-FIRST STRATEGY - Sunrun's storage attachment rate reached a record 71% in Q4, up from 62% in the prior year, contributing to its financial performance

CAPITAL MARKETS EXECUTION - Sunrun closed a joint venture with Hannon Armstrong to finance 300 megawatts of capacity, supporting growth initiatives

DEBT REDUCTION - Sunrun paid down $81 mln of recourse debt in Q4, strengthening its financial position

Company press release: ID:nGNXFYW3g

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$1.16 bln
$614.41 mln (20 Analysts)
Q4 Net Income
$103.60 mln
Q4 Operating Expenses
$1.06 bln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy", 11 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the renewable energy equipment & services peer group is "buy"

Wall Street's median 12-month price target for Sunrun Inc is $22.85, about 16.9% above its February 25 closing price of $19.55

The stock recently traded at 46 times the next 12-month earnings vs. a P/E of 53 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)