Sunrun Price Target Cut to $22 on Flat 2026 Cash Forecast
Mizuho cut Sunrun’s 2026 price target to $22 from $25, warning of flat cash generation outlook versus prior forecasts. Sunrun reported Q4 EPS of $0.38 on $1.16 billion revenue—beating estimates—and generated $187 million in Q4 cash, yet its shares have fallen about 35% post-earnings.
1. Price Target Revision
Mizuho trimmed Sunrun’s 2026 price target to $22 from $25 while maintaining an Outperform rating, noting that projected cash generation appears flat compared with prior year-over-year growth forecasts.
2. Q4 Financial Results
Sunrun reported fourth-quarter EPS of $0.38 on $1.16 billion in revenue, significantly above consensus estimates of -$0.04 EPS and $601.8 million in revenue.
3. Cash Generation & Share Performance
The company generated $187 million of operating cash in Q4 and $377 million for the full fiscal year, yet its shares have declined approximately 35% since the earnings release.
4. 2026 Business Plans
Sunrun plans to improve its storage attachment rate and expand distributed power generation capacity to drive stronger cash generation in 2026.