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.

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