Sunrun Inc. — Form 8-K
Filed November 4, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 48/100
What the filing says
Sunrun reported Q3 2026 subscriber additions of 22,957 (down 24% YoY), with direct business installations up 9% YoY and total subscribers reaching 1,057,695 (up 9% YoY). Storage attachment rate reached record 75% vs. 70% prior year; networked storage capacity stands at 5.0 GWh from 284,000 installed systems. Net cash from operations was $301M in Q3; Cash Generation (non-GAAP) was $6M, or $56M excluding $50M equipment safe harbor investments. Full-year 2026 Cash Generation guidance revised down to ~$200M (from $200-375M), with Aggregate Subscriber Value guidance held at ~$4.6B. Q3 revenue was $1,099.5M (+52% YoY); net income attributable to common shareholders was $153.2M or $0.64 basic EPS.
Why this rating
Modest positive inflection (subscriber growth resumed, storage attachment strong) offset by material guidance cut (Cash Generation range halved), creating mixed near-term signal. Changes material to unit economics but not business-altering at company's $1.8B scale.
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