Key Highlights

  • Sunrun (NASDAQ:RUN) is listed to report third-quarter 2026 results on November 4, 2026, and Options data on October 30 implied a move of 15.8 percent.
  • Sunrun's second-quarter Revenue was USD 870.0 million, up 53 percent, but customer additions fell to 20,979 from 30,810 and net subscriber value fell 44 percent to USD 9,444.
  • SolarEdge Technologies (NASDAQ:SEDG) is also listed for November 4, 2026, with an implied move of 16.9 percent, after second-quarter revenue of USD 346.2 million, up 19.6 percent, and a non-GAAP operating profit of USD 10.2 million.
  • SolarEdge guided third-quarter revenue to USD 310 million to USD 340 million with a non-GAAP gross Margin of 22 percent to 26 percent, below the 28.6 percent non-GAAP gross margin it reported in the second quarter.

Sunrun: Revenue Up, Value Per Customer Down

Sunrun (NASDAQ:RUN) reported second-quarter revenue of USD 870.0 million, Net Income to common stockholders of USD 115.2 million, or USD 0.42 per diluted share, and 1,034,738 subscribers, up 10 percent. Yet subscriber additions fell 31 percent to 19,793 and contracted net subscriber value fell 61 percent to USD 5,100. The company cut 2026 cash generation guidance to USD 200 million to USD 375 million from USD 250 million to USD 450 million and aggregate subscriber value guidance to USD 4.6 billion to USD 4.9 billion from USD 4.8 billion to USD 5.2 billion. The storage attachment rate was 74 percent, which shows batteries are now part of most new systems and affect the Economics of each contract.

SolarEdge: First Operating Profit, Softer Guide

SolarEdge Technologies (NASDAQ:SEDG) reported second-quarter GAAP revenue of USD 346.2 million, a GAAP operating loss of USD 16.0 million and a non-GAAP operating profit of USD 10.2 million, with cash of USD 527.3 million. The third-quarter revenue guide midpoint of USD 325 million is about 6 percent below the second-quarter figure, simple arithmetic on two published numbers, and the non-GAAP gross margin range of 22 percent to 26 percent sits below the 28.6 percent reported. The gap between GAAP and non-GAAP results reflects adjustments described in the company release. Cash of USD 527.3 million, with cash and investments net of Debt of USD 264.6 million, gives it room to fund the transition to higher-margin products.

Risks and What to Watch

Both companies depend on residential solar demand, which is tied to household finances and policy choices, and which is sensitive to interest rates, tax incentives and installer financing. Investors will watch Sunrun's customer additions, net subscriber value and cash generation, and SolarEdge's revenue against the USD 310 million to USD 340 million guide, margin and cash. A miss on guidance in either name could outweigh a good quarter. The implied moves of 15.8 percent and 16.9 percent are snapshots from options data on October 30, not forecasts. Published calendars list the date but report times should be checked in company announcements. Nothing in this article is Investment advice.

Where Things Stand

The answer is Sunrun and SolarEdge, which both face implied moves near 16 percent for November 4, 2026. Sunrun (NASDAQ:RUN) has growing revenue but falling value per new customer and lower cash generation guidance. SolarEdge Technologies (NASDAQ:SEDG) has returned to a non-GAAP operating profit but guided revenue and margin lower for the third quarter. Guidance, margin and the policy backdrop will probably matter more than the headline figures.