RUN - Sunrun: 4 Reasons I'm Neutral For Now

2024-07-03 00:09:48 ET

Summary

• Sunrun's stock price surged in 2021 as speculative money poured in, but has since underperformed.
• The Company's negative free cash flow, high debt, and unfavorable interest rates may hinder its profitability and growth potential.
• RUN remains the market leader in Residential Solar in the US, and may be able to leverage this to ultimately be successful.

Introduction

Sunrun ( RUN ) is a provider of Solar Panels, Batteries, and Solar Systems primarily targeting residential customers. The company has seen its share price trade in the teens before a big move upward in 2021 as a result of speculative money coming into exciting, but highly unprofitable, names. Since then, however, the stock price, along with the entire residential solar sector, has underperformed. Here are four reasons I believe RUN may continue to underperform and is worth avoiding....

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