> ## Content Index > Fetch the complete content index at: https://www.bullished.co/llms.txt > Use this file to discover other available public pages before exploring further. # Sunrun Lowers 2026 Cash Forecast To About $200 Million Despite $153.2 Million Quarterly Profit - URL: https://www.bullished.co/sunrun-lowers-2026-cash-forecast-to-about-200-million-despite-153-2-million-quarterly-bbd68ffe/ - Published: 2026-11-04T22:56:45.000Z - Updated: 2026-11-04T22:56:45.000Z - Description: The home solar company's Subscriber Additions fell 24% in the third quarter, and its subscriber-value forecast now sits at about $4.6 billion. - Author: Matteo Parrino - Tags: Earnings, RUN, Industry: Industrials Sunrun, which designs, installs and maintains home solar and battery systems, cut its full-year 2026 forecast for [Cash Generation](https://www.sec.gov/Archives/edgar/data/0001469367/000162828026070143/exhibit991q326.htm?ref=bullished.co) to about $200 million, excluding equipment safe-harbor investments. The prior range was $200 million to $375 million, and the cut came with a third-quarter profit of $153.2 million attributable to common stockholders, the company said Wednesday. ## A lower floor on cash and value Cash Generation is a non-standard measure of cash raised from financing partners set against the cost of signing customers. The new outlook leaves out investments in equipment safe harbor, a term for buying equipment early to lock in tax-credit eligibility. Sunrun also trimmed its full-year Aggregate Subscriber Value forecast, the lifetime value of customers signed in a period, to [about $4.6 billion](https://www.benzinga.com/news/26/11/62897272/sunrun-q3-2026-earnings-call-transcript?ref=bullished.co). The prior guidance was $4.6 billion to $4.9 billion. Third-quarter Cash Generation was $6 million, or [$56 million excluding](https://www.benzinga.com/news/26/11/62897272/sunrun-q3-2026-earnings-call-transcript?ref=bullished.co) $50 million of net safe-harbor investments. Net cash from operating activities was $301 million, against a use of $122 million a year earlier. Chief Financial Officer Danny Abajian said he expects higher Cash Generation in the fourth quarter, leading to full-year Cash Generation of about $200 million. ## Fewer subscribers, thinner value per head Subscriber Additions fell 24% from a year earlier to 22,957\. Customer Additions, which also include outright purchases, were 24,096, down from 32,833. Net Subscriber Value per Subscriber Addition fell 28% to $9,462, from $13,205\. Separately, the discount rate used in the value calculation rose to 8.4% from 7.3%. Aggregate Subscriber Value was $1.3 billion, down 20%. CEO Mary Powell said the direct business returned to growth, with installations up 9% from a year earlier. The Storage Attachment Rate, the share of new customers adding a battery, hit a record 75%, up from 70%. ## Profit helped by a sales transaction Total revenue rose 52% to $1,099.5 million. Energy systems and product sales revenue climbed 134% to $546.0 million, which the company said was primarily due to a transaction entered into in the third quarter of 2025, under which certain systems for new customers are sold to a third party. Sunrun keeps the customer relationship. Customer agreements and incentives revenue rose 13% to $553.5 million. Net income attributable to common stockholders was $153.2 million, or [$0.56 per diluted share](https://uk.finance.yahoo.com/news/sunrun-nasdaq-run-reports-bullish-212428816.html?ref=bullished.co), up from $16.6 million a year earlier. Other income of $164.3 million, which includes an unrealized gain on derivatives, lifted pretax results. Sunrun, which sells most systems through 20- or 25-year leases and power purchase agreements, said it contributed 430+ MW, or 58%, of a 745 MW power-plant dispatch event on October 6. Contracted Net Earning Assets stood at $3.7 billion on September 30, including [$1.1 billion in total cash](https://uk.finance.yahoo.com/news/sunrun-nasdaq-run-reports-bullish-212428816.html?ref=bullished.co). Learn - [Item 2.02: results of operations →](https://www.bullished.co/learn/8-k-items-explained/#item-202-results-of-operations) From 8-K Items Explained: What Every Item Code From 1.01 To 9.01 Tells You, With Examples ### Sources - [8-K Filing — Sunrun Inc. (RUN)](https://www.sec.gov/Archives/edgar/data/0001469367/000162828026070143/run-20261104.htm?ref=bullished.co) — SEC EDGAR - [Exhibit exhibit991q326.htm — Sunrun Inc. 8-K exhibit](https://www.sec.gov/Archives/edgar/data/0001469367/000162828026070143/exhibit991q326.htm?ref=bullished.co) — SEC EDGAR - [Sunrun (NASDAQ:RUN) reports bullish Q3 2026, stock soars](https://uk.finance.yahoo.com/news/sunrun-nasdaq-run-reports-bullish-212428816.html?ref=bullished.co) — Yahoo Finance - [Sunrun Q3 2026 Earnings Call Transcript](https://www.benzinga.com/news/26/11/62897272/sunrun-q3-2026-earnings-call-transcript?ref=bullished.co) — benzinga.com - [Sunrun Reports Third Quarter 2026 Financial Results](https://www.globenewswire.com/news-release/2026/11/04/3395764/0/en/sunrun-reports-third-quarter-2026-financial-results.html?ref=bullished.co) — globenewswire.com - [Sunrun Doubles Puerto Rico Distributed Power Plant](https://www.globenewswire.com/news-release/2026/11/03/3394183/0/en/sunrun-doubles-puerto-rico-distributed-power-plant-participation-as-grid-operator-calls-on-home-batteries-to-help-prevent-outages.html?ref=bullished.co) — globenewswire.com