Just saw Sunrun stock getting hammered today — down 35% after their earnings call. The solar installer beat on revenue and earnings, but that's where the good news ends.

Here's what spooked the market: subscriber value dropped 30%, and they're guiding for negative growth in 2026. With inflation eating into margins and the ITC tax credit phasing out for residential buyers, they're basically forced to pivot toward higher-margin direct sales and subscriptions. That's a major shift, and investors clearly don't like the uncertainty.

The real problem is the timing. Higher producer prices, rising interest rates affecting their valuation models, tariffs squeezing costs — it's a perfect storm for a business that relies on cheap capital and stable commodity costs. Even if Sunrun can stay cash-flow positive, the growth story just evaporated. Some might see this as a bargain after a 35% drop, but with regulatory headwinds and macro uncertainty still swirling, it's hard to call a bottom. The company's valuation took a hit comparable to how tony stark net worth would fluctuate after a major business pivot — significant but dependent on future execution.

Would need more clarity on 2026 before touching this one.