Sunrun Reports Q3 2026 Revenue Growth Amidst Lowered Cash Generation Guidance

Sunrun (RUN) reported strong third-quarter revenue of $1,099.5 million, a 52% increase year-over-year, driven primarily by a massive 134% surge in energy systems and product sales. Net income rose significantly to $153.2 million ($0.64 per share) compared to just $0.07 in the prior year period. The company achieved a record 75% storage attachment rate, reflecting its successful shift toward a storage-first sales strategy. Despite top-line growth, management lowered its full-year 2026 cash generation guidance to approximately $200 million, down from a previous range of $200 million to $375 million. This adjustment is attributed to macroeconomic headwinds, specifically higher interest rates and lower sales onboarding. Additionally, while direct installation volume grew by 9%, affiliate installation volume saw a sharp 67% decline following a strategic reset of partner standards.

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