Intrinsic value of SunRun - RUN

Previous Close

$5.57

  Intrinsic Value

$1.38

stock screener

  Rating & Target

str. sell

-75%

Previous close

$5.57

 
Intrinsic value

$1.38

 
Up/down potential

-75%

 
Rating

str. sell

We calculate the intrinsic value of RUN stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2016), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 0.6

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2016(a)
   2017
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  48.85
  12.20
  11.48
  10.83
  10.25
  9.72
  9.25
  8.83
  8.44
  8.10
  7.79
  7.51
  7.26
  7.03
  6.83
  6.65
  6.48
  6.33
  6.20
  6.08
  5.97
  5.88
  5.79
  5.71
  5.64
  5.57
  5.52
  5.47
  5.42
  5.38
  5.34
Revenue, $m
  454
  509
  568
  629
  694
  761
  832
  905
  982
  1,061
  1,144
  1,230
  1,319
  1,412
  1,508
  1,608
  1,713
  1,821
  1,934
  2,052
  2,174
  2,302
  2,435
  2,574
  2,719
  2,871
  3,029
  3,195
  3,368
  3,549
  3,739
Variable operating expenses, $m
 
  495
  551
  610
  671
  736
  803
  873
  946
  1,022
  1,101
  1,174
  1,259
  1,348
  1,440
  1,535
  1,635
  1,739
  1,846
  1,959
  2,076
  2,198
  2,325
  2,457
  2,596
  2,741
  2,892
  3,050
  3,215
  3,388
  3,569
Fixed operating expenses, $m
 
  239
  245
  251
  257
  264
  270
  277
  284
  291
  298
  306
  313
  321
  329
  337
  346
  355
  363
  372
  382
  391
  401
  411
  421
  432
  443
  454
  465
  477
  489
Total operating expenses, $m
  669
  734
  796
  861
  928
  1,000
  1,073
  1,150
  1,230
  1,313
  1,399
  1,480
  1,572
  1,669
  1,769
  1,872
  1,981
  2,094
  2,209
  2,331
  2,458
  2,589
  2,726
  2,868
  3,017
  3,173
  3,335
  3,504
  3,680
  3,865
  4,058
Operating income, $m
  -215
  -225
  -228
  -231
  -234
  -238
  -241
  -245
  -248
  -252
  -255
  -250
  -253
  -257
  -261
  -264
  -268
  -272
  -276
  -279
  -283
  -287
  -291
  -294
  -298
  -302
  -305
  -309
  -312
  -316
  -319
EBITDA, $m
  -111
  -103
  -94
  -83
  -72
  -61
  -49
  -36
  -23
  -9
  6
  22
  38
  55
  72
  91
  110
  130
  151
  174
  197
  221
  247
  274
  302
  332
  364
  397
  431
  468
  506
Interest expense (income), $m
  26
  36
  48
  61
  75
  89
  104
  120
  136
  153
  170
  188
  207
  227
  248
  269
  291
  314
  338
  363
  389
  416
  444
  474
  504
  536
  570
  605
  641
  680
  720
Earnings before tax, $m
  -267
  -261
  -276
  -292
  -309
  -327
  -345
  -364
  -384
  -404
  -425
  -438
  -461
  -484
  -508
  -533
  -559
  -586
  -614
  -642
  -672
  -703
  -735
  -768
  -802
  -838
  -875
  -914
  -954
  -995
  -1,039
Tax expense, $m
  36
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Net income, $m
  92
  -261
  -276
  -292
  -309
  -327
  -345
  -364
  -384
  -404
  -425
  -438
  -461
  -484
  -508
  -533
  -559
  -586
  -614
  -642
  -672
  -703
  -735
  -768
  -802
  -838
  -875
  -914
  -954
  -995
  -1,039

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  206
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  3,573
  3,773
  4,206
  4,662
  5,140
  5,640
  6,161
  6,705
  7,271
  7,860
  8,473
  9,109
  9,770
  10,457
  11,172
  11,914
  12,687
  13,490
  14,327
  15,198
  16,106
  17,052
  18,039
  19,069
  20,144
  21,267
  22,440
  23,666
  24,949
  26,290
  27,694
Adjusted assets (=assets-cash), $m
  3,367
  3,773
  4,206
  4,662
  5,140
  5,640
  6,161
  6,705
  7,271
  7,860
  8,473
  9,109
  9,770
  10,457
  11,172
  11,914
  12,687
  13,490
  14,327
  15,198
  16,106
  17,052
  18,039
  19,069
  20,144
  21,267
  22,440
  23,666
  24,949
  26,290
  27,694
Revenue / Adjusted assets
  0.135
  0.135
  0.135
  0.135
  0.135
  0.135
  0.135
  0.135
  0.135
  0.135
  0.135
  0.135
  0.135
  0.135
  0.135
  0.135
  0.135
  0.135
  0.135
  0.135
  0.135
  0.135
  0.135
  0.135
  0.135
  0.135
  0.135
  0.135
  0.135
  0.135
  0.135
Average production assets, $m
  2,356
  2,643
  2,947
  3,266
  3,601
  3,951
  4,316
  4,697
  5,094
  5,506
  5,935
  6,381
  6,844
  7,326
  7,826
  8,346
  8,887
  9,450
  10,036
  10,646
  11,282
  11,945
  12,636
  13,358
  14,111
  14,898
  15,719
  16,579
  17,477
  18,417
  19,400
Working capital, $m
  124
  -59
  -65
  -72
  -80
  -88
  -96
  -104
  -113
  -122
  -132
  -141
  -152
  -162
  -173
  -185
  -197
  -209
  -222
  -236
  -250
  -265
  -280
  -296
  -313
  -330
  -348
  -367
  -387
  -408
  -430
Total debt, $m
  1,065
  1,380
  1,749
  2,137
  2,544
  2,970
  3,415
  3,878
  4,360
  4,862
  5,384
  5,926
  6,489
  7,075
  7,683
  8,316
  8,974
  9,659
  10,371
  11,114
  11,887
  12,693
  13,534
  14,411
  15,327
  16,284
  17,284
  18,329
  19,421
  20,564
  21,760
Total liabilities, $m
  2,900
  3,215
  3,584
  3,972
  4,379
  4,805
  5,250
  5,713
  6,195
  6,697
  7,219
  7,761
  8,324
  8,910
  9,518
  10,151
  10,809
  11,494
  12,206
  12,949
  13,722
  14,528
  15,369
  16,246
  17,162
  18,119
  19,119
  20,164
  21,256
  22,399
  23,595
Total equity, $m
  673
  558
  623
  690
  761
  835
  912
  992
  1,076
  1,163
  1,254
  1,348
  1,446
  1,548
  1,653
  1,763
  1,878
  1,997
  2,120
  2,249
  2,384
  2,524
  2,670
  2,822
  2,981
  3,147
  3,321
  3,503
  3,692
  3,891
  4,099
Total liabilities and equity, $m
  3,573
  3,773
  4,207
  4,662
  5,140
  5,640
  6,162
  6,705
  7,271
  7,860
  8,473
  9,109
  9,770
  10,458
  11,171
  11,914
  12,687
  13,491
  14,326
  15,198
  16,106
  17,052
  18,039
  19,068
  20,143
  21,266
  22,440
  23,667
  24,948
  26,290
  27,694
Debt-to-equity ratio
  1.582
  2.470
  2.810
  3.100
  3.340
  3.560
  3.740
  3.910
  4.050
  4.180
  4.290
  4.400
  4.490
  4.570
  4.650
  4.720
  4.780
  4.840
  4.890
  4.940
  4.990
  5.030
  5.070
  5.110
  5.140
  5.170
  5.200
  5.230
  5.260
  5.290
  5.310
Adjusted equity ratio
  0.139
  0.148
  0.148
  0.148
  0.148
  0.148
  0.148
  0.148
  0.148
  0.148
  0.148
  0.148
  0.148
  0.148
  0.148
  0.148
  0.148
  0.148
  0.148
  0.148
  0.148
  0.148
  0.148
  0.148
  0.148
  0.148
  0.148
  0.148
  0.148
  0.148
  0.148

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  92
  -261
  -276
  -292
  -309
  -327
  -345
  -364
  -384
  -404
  -425
  -438
  -461
  -484
  -508
  -533
  -559
  -586
  -614
  -642
  -672
  -703
  -735
  -768
  -802
  -838
  -875
  -914
  -954
  -995
  -1,039
Depreciation, amort., depletion, $m
  104
  121
  134
  148
  162
  177
  192
  209
  226
  243
  261
  272
  291
  312
  333
  355
  378
  402
  427
  453
  480
  508
  538
  568
  600
  634
  669
  705
  744
  784
  826
Funds from operations, $m
  -169
  -139
  -142
  -145
  -147
  -150
  -153
  -156
  -158
  -161
  -164
  -167
  -170
  -173
  -175
  -178
  -181
  -184
  -187
  -189
  -192
  -195
  -197
  -200
  -202
  -204
  -206
  -208
  -210
  -212
  -213
Change in working capital, $m
  -18
  -6
  -7
  -7
  -7
  -8
  -8
  -8
  -9
  -9
  -10
  -10
  -10
  -11
  -11
  -12
  -12
  -12
  -13
  -14
  -14
  -15
  -15
  -16
  -17
  -17
  -18
  -19
  -20
  -21
  -22
Cash from operations, $m
  -151
  -133
  -135
  -138
  -140
  -142
  -145
  -147
  -150
  -152
  -154
  -157
  -159
  -162
  -164
  -167
  -169
  -171
  -174
  -176
  -178
  -180
  -182
  -184
  -185
  -187
  -188
  -189
  -190
  -191
  -191
Maintenance CAPEX, $m
  0
  -100
  -112
  -125
  -139
  -153
  -168
  -184
  -200
  -217
  -234
  -253
  -272
  -291
  -312
  -333
  -355
  -378
  -402
  -427
  -453
  -480
  -508
  -538
  -568
  -600
  -634
  -669
  -705
  -744
  -784
New CAPEX, $m
  -740
  -287
  -303
  -319
  -335
  -350
  -365
  -381
  -397
  -413
  -429
  -446
  -463
  -481
  -500
  -520
  -541
  -563
  -586
  -610
  -636
  -663
  -691
  -721
  -753
  -787
  -822
  -859
  -898
  -940
  -983
Cash from investing activities, $m
  -745
  -387
  -415
  -444
  -474
  -503
  -533
  -565
  -597
  -630
  -663
  -699
  -735
  -772
  -812
  -853
  -896
  -941
  -988
  -1,037
  -1,089
  -1,143
  -1,199
  -1,259
  -1,321
  -1,387
  -1,456
  -1,528
  -1,603
  -1,684
  -1,767
Free cash flow, $m
  -896
  -521
  -551
  -582
  -614
  -646
  -678
  -712
  -746
  -781
  -818
  -855
  -894
  -934
  -976
  -1,020
  -1,065
  -1,112
  -1,162
  -1,213
  -1,267
  -1,323
  -1,381
  -1,443
  -1,507
  -1,574
  -1,644
  -1,717
  -1,794
  -1,874
  -1,958
Issuance/(repayment) of debt, $m
  363
  345
  369
  388
  407
  426
  445
  463
  482
  502
  522
  542
  563
  585
  609
  633
  658
  685
  713
  742
  773
  806
  841
  877
  916
  957
  1,000
  1,045
  1,093
  1,143
  1,196
Issuance/(repurchase) of shares, $m
  7
  322
  340
  360
  380
  401
  422
  445
  468
  491
  516
  533
  559
  586
  614
  643
  674
  705
  737
  771
  806
  843
  881
  920
  962
  1,004
  1,049
  1,095
  1,144
  1,194
  1,247
Cash from financing (excl. dividends), $m  
  898
  667
  709
  748
  787
  827
  867
  908
  950
  993
  1,038
  1,075
  1,122
  1,171
  1,223
  1,276
  1,332
  1,390
  1,450
  1,513
  1,579
  1,649
  1,722
  1,797
  1,878
  1,961
  2,049
  2,140
  2,237
  2,337
  2,443
Total cash flow (excl. dividends), $m
  3
  146
  158
  166
  174
  181
  189
  196
  204
  212
  220
  219
  228
  237
  246
  256
  266
  277
  288
  300
  313
  326
  340
  355
  371
  387
  405
  423
  442
  463
  484
Retained Cash Flow (-), $m
  -119
  -322
  -340
  -360
  -380
  -401
  -422
  -445
  -468
  -491
  -516
  -533
  -559
  -586
  -614
  -643
  -674
  -705
  -737
  -771
  -806
  -843
  -881
  -920
  -962
  -1,004
  -1,049
  -1,095
  -1,144
  -1,194
  -1,247
Prev. year cash balance distribution, $m
 
  176
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  0
  -182
  -194
  -206
  -220
  -234
  -248
  -264
  -280
  -296
  -313
  -331
  -349
  -368
  -387
  -407
  -428
  -449
  -471
  -493
  -517
  -541
  -565
  -591
  -617
  -644
  -672
  -701
  -731
  -763
Discount rate, %
 
  9.80
  10.29
  10.80
  11.34
  11.91
  12.51
  13.13
  13.79
  14.48
  15.20
  15.96
  16.76
  17.60
  18.48
  19.40
  20.37
  21.39
  22.46
  23.58
  24.76
  26.00
  27.30
  28.67
  30.10
  31.61
  33.19
  34.85
  36.59
  38.42
  40.34
PV of cash for distribution, $m
 
  0
  -150
  -143
  -134
  -125
  -115
  -105
  -94
  -83
  -72
  -61
  -52
  -42
  -34
  -27
  -21
  -16
  -12
  -8
  -6
  -4
  -3
  -2
  -1
  -1
  0
  0
  0
  0
  0
Current shareholders' claim on cash, %
  100
  57.5
  34.0
  20.5
  12.6
  7.9
  5.0
  3.2
  2.1
  1.4
  0.9
  0.6
  0.4
  0.3
  0.2
  0.1
  0.1
  0.1
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0

Sunrun Inc. is engaged in the design, development, installation, sale, ownership and maintenance of residential solar energy systems (Projects) in the United States. The Company is engaged in providing solar energy services and products to its customers. As of December 31, 2016, it operated a fleet of residential solar energy systems in the United States, with approximately 134,000 customers across 16 states, as well as the District of Columbia. The Company sells to homeowners over the phone, in the field through canvassing and in-home sales and through retail sales channels through its strategic partners. The solar service offerings are provided through its lease and power purchase agreements. It sells solar service offerings and installs solar energy systems for homeowners through its direct-to-consumer channel. It sells solar energy systems to homeowners, as well as related products, such as solar panels, inverters, racking systems and other solar-related equipment to resellers.

FINANCIAL RATIOS  of  SunRun (RUN)

Valuation Ratios
P/E Ratio 6.3
Price to Sales 1.3
Price to Book 0.9
Price to Tangible Book
Price to Cash Flow -3.8
Price to Free Cash Flow -0.7
Growth Rates
Sales Growth Rate 48.9%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 21.7%
Cap. Spend. - 3 Yr. Gr. Rate 17.8%
Financial Strength
Quick Ratio 7
Current Ratio 0
LT Debt to Equity 153.8%
Total Debt to Equity 158.2%
Interest Coverage -9
Management Effectiveness
Return On Assets 3.9%
Ret/ On Assets - 3 Yr. Avg. -0.2%
Return On Total Capital 6.1%
Ret/ On T. Cap. - 3 Yr. Avg. -2.9%
Return On Equity 15%
Return On Equity - 3 Yr. Avg. -6.8%
Asset Turnover 0.1
Profitability Ratios
Gross Margin 12.1%
Gross Margin - 3 Yr. Avg. 10.8%
EBITDA Margin -30.2%
EBITDA Margin - 3 Yr. Avg. -46.7%
Operating Margin -47.4%
Oper. Margin - 3 Yr. Avg. -62.7%
Pre-Tax Margin -58.8%
Pre-Tax Margin - 3 Yr. Avg. -75.5%
Net Profit Margin 20.3%
Net Profit Margin - 3 Yr. Avg. -8.2%
Effective Tax Rate -13.5%
Eff/ Tax Rate - 3 Yr. Avg. -1.7%
Payout Ratio 0%

RUN stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the RUN stock intrinsic value calculation we used $454 million for the last fiscal year's total revenue generated by SunRun. The default revenue input number comes from 2016 income statement of SunRun. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our RUN stock valuation model: a) initial revenue growth rate of 12.2% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 9.8%, whose default value for RUN is calculated based on our internal credit rating of SunRun, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of SunRun.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of RUN stock the variable cost ratio is equal to 97.4%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $233 million in the base year in the intrinsic value calculation for RUN stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 3.5% for SunRun.

Corporate tax rate of 27% is the nominal tax rate for SunRun. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the RUN stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for RUN are equal to 518.9%.

Life of production assets of 23.5 years is the average useful life of capital assets used in SunRun operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for RUN is equal to -11.5%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $673 million for SunRun - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 106.162 million for SunRun is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of SunRun at the current share price and the inputted number of shares is $0.6 billion.

RELATED COMPANIES Price Int.Val. Rating
VSLR Vivint Solar 3.75 1.21  str.sell
CAFD 8Point3 Energy 15.51 3.40  str.sell
TERP TerraForm Powe 13.55 1.36  str.sell
SPWR SunPower 6.68 1.81  str.sell
NEP NextEra Energy 42.31 37.87  hold

COMPANY NEWS

▶ [$$] Will New Tariffs Dim the Solar-Power Boom?   [Sep-30-17 12:49AM  Barrons.com]
▶ Comcast Jumps on Smart Home Wagon With New Gadgets   [Aug-29-17 01:10PM  InvestorPlace]
▶ This Week in Comcast: Sunny forecast ahead after solar deal   [08:10AM  American City Business Journals]
▶ Comcast to Market Sunrun Solar Roofs to Customers   [Aug-28-17 01:37PM  InvestorPlace]
▶ Why Sunrun Inc.'s Shares Popped 12% Today   [Aug-24-17 04:18PM  Motley Fool]
▶ Sunrun Sticks to 2017 Growth Plans   [Aug-09-17 02:03PM  Motley Fool]
▶ Sunrun beats 2Q profit forecasts   [Aug-07-17 11:56PM  Associated Press]
▶ Why Residential Solar Stocks May Have a Rough Quarter   [Jul-25-17 09:12AM  Motley Fool]
▶ Sunrun Celebrates 10 Years of Solar Innovation and Growth   [Jul-13-17 08:00AM  GlobeNewswire]
▶ Why Sunrun Inc.'s Shares Popped 41% in June   [Jul-10-17 01:29PM  Motley Fool]
▶ Residential Solar Installers Back on Growth Path   [Jul-02-17 11:32AM  Motley Fool]
▶ Solar Stocks Boom on Trumps Solar Wall   [12:44PM  Investopedia]
▶ Why Sunrun Inc's Shares Popped 11% Today   [03:40PM  Motley Fool]
▶ Sunrun Expands Solar Access to Florida   [02:46PM  GlobeNewswire]
▶ These Stocks Have Changed Direction   [02:00PM  TheStreet.com]
Financial statements of RUN
Valuation of Stocks

The paper VALUATION OF STOCKS: The Quest for Intrinsic Value provides a detailed description of our valuation model and discloses the calculation algorithm.

FREE DOWNLOAD
Follow us on:   twitter   twitter   twitter   twitter

VALUATION THEORY       ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2017. All rigths reserved.