Equity Profile

RUN

Sunrun Inc.

IndustrialsElectrical Components & Equipment$3.2B

Aug5Wed

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

Sunrun Inc. (RUN) is a leading residential solar energy provider in the U.S., focusing on making solar energy accessible to homeowners....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will show how well Sunrun is managing its costs and revenue.

$0.62

Revenue Growth

Revenue growth will indicate how effectively Sunrun is expanding its customer base and sales in a competitive market.

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 provider in the U.S., focusing on making solar energy accessible to homeowners. As a player in the industrials sector, Sunrun is part of the growing trend towards renewable energy and sustainability, which has gained significant attention amid rising energy costs and climate change concerns.

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 exceeding expectations. However, the stock reacted negatively, dropping 4.68% the following day, indicating market skepticism despite the strong earnings surprise.

Management Promises & Guidance

Focus on increasing customer acquisitions.
Commitment to maintaining cost efficiency.
Plans to expand into new markets.

Expectations

Wall Street Expectations

Overall, the market is cautiously optimistic about Sunrun's upcoming earnings, especially given its strong EPS performance in recent quarters. However, investors are wary of potential revenue misses and customer growth rates.

Bull Case

If Sunrun continues its trend of beating EPS estimates and demonstrates strong revenue growth, it could signal robust demand for solar energy solutions, driving the stock higher.

Bear Case

Conversely, if the company fails to meet revenue expectations or shows signs of slowing customer growth, it could lead to a significant decline in investor confidence and stock price.

Key Metrics to Watch

Earnings Per Share (EPS)

$0.62

EPS is a key indicator of profitability and will show how well Sunrun is managing its costs and revenue.

Revenue Growth

N/A

Revenue growth will indicate how effectively Sunrun is expanding its customer base and sales in a competitive market.

Customer Additions

N/A

The number of new customers added is crucial for assessing the company's growth trajectory and market demand for solar solutions.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the reported revenue growth compared to last quarter?

Revenue growth is crucial for assessing the company's ability to scale and meet market demand, which could significantly impact investor sentiment.

How many new customers did Sunrun add this quarter?

Customer additions are a direct indicator of market penetration and demand for solar products, and any slowdown could raise concerns about future growth.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Sunrun's ability to capitalize on the growing demand for renewable energy, particularly in new markets.

Supporting Evidence

Recent strong EPS surprises indicate better-than-expected operational efficiency.

Options pricing suggests a higher volatility expectation than historical movements, indicating potential for a significant reaction.

The company's focus on cost management could lead to sustained profitability even in a competitive landscape.

Key Risk

If customer additions exceed expectations, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will hinge on Sunrun's ability to maintain its growth momentum in a competitive and evolving market.

Bull Confirmed If

Revenue growth of at least 15% quarter-over-quarter would confirm the bull case.

Bear Confirmed If

Revenue growth below 5% would support 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 in either direction, suggesting that investors anticipate volatility around the earnings report.

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 and raises guidance, history suggests the stock could see an average one-day move of +3.35%, confirming strong market demand.

In-Line / Cautious

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

Miss

If Sunrun misses on revenue or customer growth, history suggests a potential drop of around -2.52%, which could trigger broader concerns about the company's future.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new market expansions.
2Details on customer acquisition strategies.
3Insights into cost management and operational efficiency.
4Guidance on future revenue expectations.
5Comments on competitive landscape and market trends.

See the full picture

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Company Snapshot

Sunrun Inc. (RUN) is a leading residential solar energy provider in the U.S., focusing on making solar energy accessible to homeowners....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will show how well Sunrun is managing its costs and revenue.

$0.62

Revenue Growth

Revenue growth will indicate how effectively Sunrun is expanding its customer base and sales in a competitive market.

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

Management Promises & Guidance

Focus on increasing customer acquisitions.
Commitment to maintaining cost efficiency.
Plans to expand into new markets.

Expectations

Wall Street Expectations

Bull Case

If Sunrun continues its trend of beating EPS estimates and demonstrates strong revenue growth, it could signal robust demand for solar energy solutions, driving the stock higher.

Bear Case

Conversely, if the company fails to meet revenue expectations or shows signs of slowing customer growth, it could lead to a significant decline in investor confidence and stock price.

Key Metrics to Watch

Earnings Per Share (EPS)

$0.62

EPS is a key indicator of profitability and will show how well Sunrun is managing its costs and revenue.

Revenue Growth

N/A

Revenue growth will indicate how effectively Sunrun is expanding its customer base and sales in a competitive market.

Customer Additions

N/A

The number of new customers added is crucial for assessing the company's growth trajectory and market demand for solar solutions.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the reported revenue growth compared to last quarter?

Revenue growth is crucial for assessing the company's ability to scale and meet market demand, which could significantly impact investor sentiment.

How many new customers did Sunrun add this quarter?

Customer additions are a direct indicator of market penetration and demand for solar products, and any slowdown could raise concerns about future growth.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Sunrun's ability to capitalize on the growing demand for renewable energy, particularly in new markets.

Supporting Evidence

Recent strong EPS surprises indicate better-than-expected operational efficiency.

Options pricing suggests a higher volatility expectation than historical movements, indicating potential for a significant reaction.

The company's focus on cost management could lead to sustained profitability even in a competitive landscape.

Key Risk

If customer additions exceed expectations, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will hinge on Sunrun's ability to maintain its growth momentum in a competitive and evolving market.

Bull Confirmed If

Revenue growth of at least 15% quarter-over-quarter would confirm the bull case.

Bear Confirmed If

Revenue growth below 5% would support 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 in either direction, suggesting that investors anticipate volatility around the earnings report.

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 and raises guidance, history suggests the stock could see an average one-day move of +3.35%, confirming strong market demand.

In-Line / Cautious

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

Miss

If Sunrun misses on revenue or customer growth, history suggests a potential drop of around -2.52%, which could trigger broader concerns about the company's future.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new market expansions.
2Details on customer acquisition strategies.
3Insights into cost management and operational efficiency.
4Guidance on future revenue expectations.
5Comments on competitive landscape and market trends.