Sunrun is engaged in the design, development, installation, sale, ownership, and maintenance of residential solar energy systems in the United States. The company acquires customers directly and through relationships with various solar and strategic partners.
Canonical asset packet first: fundamentals, macro index exposure, entry value, and active narrative alignment. Driver rows link back to the public index that moved the score.
| Index | Driver | Reason | Weight | Condition | Contribution | As Of |
|---|---|---|---|---|---|---|
| ETSI | Energy Transition & Storage Index | residential solar | 6% | residential solar — tailwind Moderate signal—/100Tailwind +0.93σ | +0.052 | 2026-05-29 |
| RQRI | Risk-Quality Rotation Index | risk appetite | 4% | risk appetite — tailwind Moderate signal—/100Tailwind +0.77σ | +0.029 | 2026-05-29 |
| HBGI | High Beta Growth & Narrative Index | speculative beta | 5% | speculative beta — tailwind Near normal—/100Tailwind +0.39σ | +0.024 | 2026-05-29 |
| CRSI | Credit Spread Intensity Index | credit spreads | 6% | credit spreads — headwind Near normal—/100Headwind -0.29σ | -0.023 | 2026-05-29 |
| LFSI | Liquidity & Financial Stress Index | liquidity conditions | 7% | liquidity conditions — headwind Near normal—/100Headwind -0.24σ | -0.023 | 2026-05-29 |
| ENPI | Energy Price Index | energy prices | 10% | energy prices — headwind Near normal—/100Headwind -0.09σ | -0.012 | 2026-05-29 |
| YCSI | Yield Curve Sentiment Index | rates duration | 8% | rates duration — tailwind Near normal—/100Tailwind +0.07σ | +0.008 | 2026-05-29 |
| PWGI | Power Grid & Electrification Index | grid upgrade | 4% | grid upgrade — tailwind Near normal—/100Tailwind +0.11σ | +0.006 | 2026-05-29 |
Part of Solar Manufacturing & Deployment · core · 5y thesis
Solar economics are shaped by manufacturing cost, policy, rates, grid connection, and deployment channels. The theme organizes those exposures without assuming one uniform business model across the cohort.
Other assets exposed to the same themes as RUN — a cross-sector view, not a correlation or forecast.
What would make this thesis wrong, and where the near-term downside sits. Plain reads, not forecasts.
Invalidation analysis is deferred to v2 and will use contribution-weighted headwind thresholds.
