Goldman Sachs Lowers Sunrun Price Target but Keeps Buy Rating
Goldman Sachs reduced its Sunrun price target to $11 from $13 while maintaining a Buy rating, and Citi also cut its target to $14 from $16. Sunrun shares closed at $7.61 on October 7, a 52-week low, after weaker subscriber additions and a reduced 2026 cash generation outlook. Analysts still point to Sunrun’s battery-storage growth, though the mean price target has fallen to $16 from about $23 in late February.
Goldman Sachs analyst Brian Lee lowered his Sunrun target to $11 from $13 on Oct. 8, retaining a Buy rating. Citi also reduced its target to $14 from $16 that morning. Sunrun closed Oct. 7 at $7.61, a 52-week low, after Q2 subscriber additions dropped 31% year over year and projected 2026 cash generation was reduced to $200–$375 million.
The company had 4.6 GWh of storage connected to its network at June 30 and targets more than 10 GWh by the end of 2028. Analysts’ average target has declined to $16 from roughly $23 in late February; the lowest is $9. Sunrun reports Nov. 4.
Sunrun’s weaker outlook and lower analyst targets could affect investors holding the stock, employees tied to residential solar and battery installation, and homeowners considering rooftop systems. If cash generation and subscriber growth remain soft, the company may have less room to fund new projects or offer attractive financing, potentially slowing battery adoption. Higher borrowing costs could also make solar leases and loans less affordable, though demand for storage may still support the sector over time.