Sunrun Inc

RUN: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$53.00	Byf	Myjzmmqx

Sunrun Earnings: Executing Well Amid a Challenging Industry Environment

Brett Castelli

Aug 3, 2023

We trim our fair value estimate for no-moat Sunrun to $24 per share from $27 following second-quarter results. The slightly lower valuation is a result of assumed higher capital costs moving forward. We view shares as slightly undervalued in light of our Very High Uncertainty Rating.

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