Should you buy Sunrun stock? (December 2023)

See it here first: https://www.3minutebreakdowns.com Sunrun stock analysis. Ticker: $RUN Solar power company Sunrun is down 82% from its all-time high but the stock has more than doubled since November. At the current price, Sunrun has a market cap of 4 billion dollars. Account for cash and debt and the enterprise value is 4.6 billion. Revenue over the last 12 months is 2.4 billion but the company is not currently profitable. Net income over the last 12 months is minus 1.2 billion and free cash flow is minus 380 million. The bull case for companies like Sunrun is relatively simple. Demand for solar power should have years, if not decades, of growth ahead. Meanwhile, government subsidies are providing a raft of tax credits and cheap financing. It’s this combination that has helped Sunrun grow its revenues from 500 million in 2016 to 2.3 billion today. However, a typical rooftop solar system can cost between 25 to 45,000 dollars. This high cost usually requires financing so higher interest rates this year have caused a significant decrease in demand for residential solar. #runstock #investing #stocks #3mb