The solar company topped second-quarter profit and revenue estimates, but lowered cash generation guidance to $200 million-$375 million, trimmed Aggregate Subscriber Value outlook and faced a Goldman Sachs price-target cut.
Sunrun shares fell after the solar company beat second-quarter estimates with earnings of 42 cents a share and revenue of $869.99 million, helped by a 193% jump in energy systems and product sales revenue. The company reported approximately $1.2 billion of Aggregate Subscriber Value, a record 74% storage attachment rate, 4.6 gigawatt-hours of networked storage capacity and $23 million of cash generation, or $45 million excluding $22 million of net investments in equipment safe harbor. Sentiment weakened after Sunrun cut full-year 2026 Cash Generation guidance to $200 million-$375 million from $250 million-$450 million, lowered Aggregate Subscriber Value guidance to $4.6 billion-$4.9 billion, cited reduced affiliate channel volumes, a delayed ramp in direct sales activities and higher capital costs, and saw Goldman Sachs lower its price target to $15 from $18. Shares were down 14.2% to $9 in Wednesday's extended session and 12.77% at $9.15 in Thursday premarket trading, near the 52-week low of $9.01.