Sunrun Q4 Revenue Jumps 124% to $1.16B, Price Target Up to $24
Sunrun reported Q4 revenue of $1.16 billion versus $601.8 million expected and EPS of $0.38 vs -$0.04, while achieving a record 71% storage attachment rate. Goldman Sachs raised Sunrun’s price target to $24 from $21 after it generated $187 million of Q4 cash and projected $250–$450 million of 2026 cash generation.
1. Q4 Financial Results
Sunrun’s Q4 revenue reached $1.16B, outperforming the $601.77M estimate and representing 124% year-over-year growth, while EPS of $0.38 beat a -$0.04 forecast and the storage attachment rate hit a record 71%.
2. Analyst Price Target Increase
Goldman Sachs upheld a Buy rating and raised its price target to $24 from $21 after Sunrun generated $187M of cash in Q4, reduced recourse debt, and strengthened its balance sheet with higher unrestricted cash.
3. Outlook and Strategic Initiatives
Sunrun expects $250M–$450M of cash generation in 2026 based on disciplined margin management and balance-sheet improvements, and it recently formed a $500M joint venture to accelerate distributed power development, leveraging lower Treasury yields to improve financing economics.