Equity Profile

RUN

Sunrun Inc.

IndustrialsElectrical Components & Equipment$3.0B

Aug5Wed

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

Sunrun Inc. (RUN) is a leading residential solar energy company in the industrials sector, focusing on providing solar power solutions to homeowners....

Key Metrics to Watch

Customer Growth

This metric indicates how well Sunrun is expanding its customer base, which is vital for revenue growth.

N/A

Installation Capacity

Higher installation capacity can lead to increased revenue and market share, reflecting operational efficiency.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

RUN Q2-2026 Earnings Preview

Context

Company Snapshot

Sunrun Inc. (RUN) is a leading residential solar energy company in the industrials sector, focusing on providing solar power solutions to homeowners. As the demand for renewable energy continues to grow, Sunrun plays a crucial role in promoting sustainable energy practices and reducing reliance on fossil fuels.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

88%

Avg EPS Surprise

+574.34%

Avg Stock Reaction

-1.07%

Last Quarter Recap

In Q1-2026, Sunrun reported an impressive EPS of $0.62, significantly beating expectations by over 1,400%. However, the stock experienced a decline of 4.68% the following day.

Management Promises & Guidance

Focus on expanding installation capacity.
Commitment to improving customer service.
Plans to enhance technology for better energy solutions.

Expectations

Wall Street Expectations

Overall, investors are cautiously optimistic about Sunrun's upcoming earnings, given its strong performance in the previous quarters. However, concerns about market competition and operational challenges linger.

Bull Case

If Sunrun continues to show strong customer growth and installation capacity, it could lead to higher revenues and a positive market reaction.

Bear Case

On the other hand, if the company fails to meet growth expectations or faces operational setbacks, it could result in a negative stock response.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the current customer growth rate and how does it compare to previous quarters?

This will indicate whether Sunrun is successfully expanding its market presence, which is crucial for future revenue.

What are the installation capacity figures for this quarter?

Understanding installation capacity will help assess operational efficiency and potential revenue generation.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Sunrun's ability to leverage new technology for faster installations, which could significantly boost customer growth.

Supporting Evidence

Recent technological advancements have not been fully factored into growth projections.

Customer demand for solar solutions is rising faster than anticipated, driven by environmental concerns.

Options pricing indicates a higher expected move than historical averages suggest, hinting at potential surprises.

Key Risk

If customer growth exceeds 10%, it could challenge the current cautious outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter revolves around Sunrun's ability to maintain its growth trajectory in a competitive market.

Bull Confirmed If

Customer growth exceeding 10% quarter-over-quarter would confirm the bull case.

Bear Confirmed If

A decline in installation capacity or customer growth below 5% would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±19.13%

Historical Avg

±3.4%

Pricing rich

The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings announcement.

Options are pricing ±19.1% while RUN has averaged ±3.4% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.9%

30d HV

64.9%

Calls (2.5M)P/C Ratio: 0.34Puts (177K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Sunrun beats expectations, history suggests a potential average one-day move of +4.08%, confirming strong growth trends.

In-Line / Cautious

If results are in line but management's commentary is cautious, the stock may see muted movement as investors reassess future growth.

Miss

A miss could lead to a downside reaction, with history suggesting an average one-day move of -2.52%, raising concerns about operational challenges.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on customer acquisition strategies and their effectiveness.
2Details on installation capacity and any operational improvements.
3Insights into competitive pressures and how Sunrun plans to address them.
4Any commentary on technological advancements and their impact on efficiency.
5Management's outlook on future growth in the renewable energy sector.

See the full picture

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Company Snapshot

Sunrun Inc. (RUN) is a leading residential solar energy company in the industrials sector, focusing on providing solar power solutions to homeowners....

Key Metrics to Watch

Customer Growth

This metric indicates how well Sunrun is expanding its customer base, which is vital for revenue growth.

N/A

Installation Capacity

Higher installation capacity can lead to increased revenue and market share, reflecting operational efficiency.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

RUN Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

88%

Avg EPS Surprise

+574.34%

Avg Stock Reaction

-1.07%

Last Quarter Recap

In Q1-2026, Sunrun reported an impressive EPS of $0.62, significantly beating expectations by over 1,400%. However, the stock experienced a decline of 4.68% the following day.

Management Promises & Guidance

Focus on expanding installation capacity.
Commitment to improving customer service.
Plans to enhance technology for better energy solutions.

Expectations

Wall Street Expectations

Bull Case

If Sunrun continues to show strong customer growth and installation capacity, it could lead to higher revenues and a positive market reaction.

Bear Case

On the other hand, if the company fails to meet growth expectations or faces operational setbacks, it could result in a negative stock response.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the current customer growth rate and how does it compare to previous quarters?

This will indicate whether Sunrun is successfully expanding its market presence, which is crucial for future revenue.

What are the installation capacity figures for this quarter?

Understanding installation capacity will help assess operational efficiency and potential revenue generation.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Sunrun's ability to leverage new technology for faster installations, which could significantly boost customer growth.

Supporting Evidence

Recent technological advancements have not been fully factored into growth projections.

Customer demand for solar solutions is rising faster than anticipated, driven by environmental concerns.

Options pricing indicates a higher expected move than historical averages suggest, hinting at potential surprises.

Key Risk

If customer growth exceeds 10%, it could challenge the current cautious outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter revolves around Sunrun's ability to maintain its growth trajectory in a competitive market.

Bull Confirmed If

Customer growth exceeding 10% quarter-over-quarter would confirm the bull case.

Bear Confirmed If

A decline in installation capacity or customer growth below 5% would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±19.13%

Historical Avg

±3.4%

Pricing rich

The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings announcement.

Options are pricing ±19.1% while RUN has averaged ±3.4% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.9%

30d HV

64.9%

Calls (2.5M)P/C Ratio: 0.34Puts (177K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Sunrun beats expectations, history suggests a potential average one-day move of +4.08%, confirming strong growth trends.

In-Line / Cautious

If results are in line but management's commentary is cautious, the stock may see muted movement as investors reassess future growth.

Miss

A miss could lead to a downside reaction, with history suggesting an average one-day move of -2.52%, raising concerns about operational challenges.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on customer acquisition strategies and their effectiveness.
2Details on installation capacity and any operational improvements.
3Insights into competitive pressures and how Sunrun plans to address them.
4Any commentary on technological advancements and their impact on efficiency.
5Management's outlook on future growth in the renewable energy sector.