Why Goldman Sachs Sees Sunrun (RUN) Building on Its Strong 2025 Finish

Sunrun Inc. (NASDAQ:RUN) is one of the 10 Best Renewable Energy Stocks to Buy Now. On March 2, 2026, Goldman Sachs maintained its Buy rating on Sunrun and raised its price target to $24 from $21. The firm said Sunrun ended 2025 strongly, generated nearly $200 million of cash in the fourth quarter, exceeded its full-year guidance, and projected 2026 cash generation of $250 million to $450 million.

For context, Sunrun released its fourth-quarter and full-year 2025 results on February 26, 2026. Fourth-quarter revenue rose 124% year over year to $1.16 billion, while net income attributable to common stockholders reached $103.6 million. Cash Generation was $187 million in the quarter. Management said the results benefited from disciplined margin management, strong upfront net subscriber values, and balance-sheet improvements, including a paydown of recourse debt and higher unrestricted cash. The company also said growth in energy systems and product sales revenue was primarily driven by a transaction signed in the third quarter of 2025 to sell certain newly originated solar and storage systems to a third party.

Why Goldman Sachs Sees Sunrun (RUN) Building on Its Strong 2025 Finish

Sunrun Inc. (NASDAQ:RUN) is a U.S. residential energy company focused on solar, battery storage, and home energy services.

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