Professional
Added to YB: 2025-06-27
Pitch date: 2025-06-25
RUN [neutral]
Sunrun Inc.
+125.91%
current return
Author Info
No bio for this author
Company Info
Sunrun Inc. designs, develops, installs, sells, owns, and maintains residential solar energy systems in the United States.
Market Cap
$4.3B
Pitch Price
$7.68
Price Target
8.00 (-55%)
Dividend
N/A
EV/EBITDA
51.88
P/E
-1.71
EV/Sales
8.63
Sector
Electrical Equipment
Category
N/A
Wells Fargo Cuts Sunrun Target to $8
RUN OW: Wells cut PT to $8 (DCF, range $2-$12) due to policy uncertainty. Core biz has $85M/yr cash burn ($1.6B payments vs $1.7B costs). Base case: battery-only model, grid services scaling to $150-200M/yr by 2030+. Upside: cost cuts, PPA pivot w/ 48E credits. Downside: 75% demand drop, no grid growth. Grid services potential: $20M now, $100M by 2032.
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