Sunrun Inc

RUN remains in a Stage 4 decline with lower highs and lower lows, trading below declining EMAs and major moving averages with no evidence of exhaustion. The medium-term bias is bearish and aligned with downward momentum, while short-term timing is unfavorable for selling due to price extension below EMAs. Execution should be deferred, trimming into rallies around the declining EMA zone.

• ↑Subscriber value up 40% YoY to $1.6 B, underpins growth.
• ↑$377 M cash generated in FY2025 highlights robust cash flow.
• ↓Q1 cash generation fell -$31 M, straining cash flow visibility.