Sunrun Valuation: Assessing the Surge in Distributed Power Plants and Grid Battery Dispatch

Sunrun's valuation is under review after a surge in participation in its distributed power plant programs and grid scale battery dispatch. The stock has experienced a 8.49% decline in one day and a 4% decline in seven days, but a 10.74% increase in 90 days and a 119.56% total shareholder return in one year. The company is rapidly scaling its storage and grid services offerings, with a growing portion of its customer base (currently ~35% of 200,000 batteries) aiming for 10 GWh of dispatchable energy by 2029. The most followed narrative pegs fair value at $22.74 per share, setting up a valuation gap that hinges on future execution.