Sunrun (RUN) Price Target Lowered Despite Exceeding Estimates in Q1

Sunrun Inc. (NASDAQ:RUN) is included among the 10 Best Clean Energy Stocks to Buy Right Now.

Sunrun (RUN) Price Target Lowered Despite Exceeding Estimates in Q1

Sunrun Inc. (NASDAQ:RUN) is the leading home solar panel and battery storage company in the United States.

On May 7, Goldman Sachs analyst Brian Lee trimmed the firm’s price target on Sunrun Inc. (NASDAQ:RUN) from $20 to $18, but maintained a ‘Buy’ rating on the shares. The lowered target still reflects an upside of over 28% from the current price levels.

The target cut comes despite Sunrun Inc. (NASDAQ:RUN) posting a surprise profit and comfortably beating estimates in its Q1 report on May 6. The company also grew its revenue by over 43% YoY and topped expectations. Sunrun’s aggregate subscriber value for the quarter was $1.1 billion, above its guidance range of $850 million to $950 million. Contracted net value creation came in at $108 million, near the high end of its guided range of $25 million to $125 million.

 Sunrun Inc. (NASDAQ:RUN) reiterated its full-year 2026 cash generation guidance of $250 million to $450 million, excluding potential investment related to equipment safe harboring, unchanged from the company’s prior guidance.

Sunrun Inc. (NASDAQ:RUN) was also recently included in our list of the 8 Best Wind Power and Solar Stocks to Buy Right Now.

While we acknowledge the risk and potential of RUN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than RUN and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 10 Best US Stocks to Invest in According to Billionaires and 10 Energy Stocks that Crushed Earnings Estimates in the First Quarter

Disclosure: None. Follow Insider Monkey on Google News.

1281292 - 11759070 - 1