Sunrun Earnings Reports

Sunrun delivered a strong first quarter, surpassing volume and Cash Generation targets. The company reported a net income of $50.0 million and an EPS of $0.22. Key drivers included a record 69% storage attachment rate and successful securitization activities, contributing to positive Cash Generation for the fourth consecutive quarter.

Sunrun achieved its third consecutive quarter of positive Cash Generation, reaching $34.2 million in Q4 2024. The company also paid down $132 million of recourse debt and saw its Net Earning Assets increase to $6.8 billion. Storage Capacity Installed grew significantly by 78% year-over-year, with attachment rates reaching 62%.

Sunrun announced its Q3 2024 financial results, highlighting a focus on customer experience and differentiated offerings. The company reported its second consecutive quarter of positive cash generation and surpassed 1 million residential solar customers.

Sunrun reported Q2 2024 financial results, highlighting record storage installation and attachment rates, along with solid growth in solar installations. The company generated $217 million in cash during the quarter and is introducing cash generation guidance of $350 million to $600 million for 2025.

Sunrun reported its Q1 2024 financial results, which exceeded expectations for both storage and solar installations. The company's storage-first strategy led to record storage attachment rates. They are reiterating their cash generation guidance for the year.

Sunrun reported Q4 2023 results with storage capacity installations exceeding guidance, reaching 219.7 Megawatt hours, and a storage attachment rate of 45%. The company generated $11 million in cash and reiterated its cash generation outlook for 2024.

Sunrun reported Q3 2023 financial results, highlighting a focus on cash generation and a transition to a storage-first company. Storage attachment rates surged to 33%, and the company installed 258.2 Megawatts of Solar Energy Capacity. Full-year growth guidance for Solar Capacity Installed was lowered.

Sunrun reported a solid Q2 2023, exceeding guidance for Solar Energy Capacity Installed and increasing Net Subscriber Value. The company is focused on sustainable growth and cash generation, while expanding its market leadership in residential solar and storage solutions.

Sunrun's Q1 2023 saw accelerated demand for clean energy, driven by their subscription offering and market presence. The company installed 240 MW of solar capacity, exceeding guidance, and is on track to add over 1 GW this year. They are also focused on operational efficiency and cost discipline, aiming for meaningful cash generation.

Sunrun reported strong Q4 2022 results, highlighted by a record Net Subscriber Value of $16,569 and over 25% year-over-year growth in Solar Energy Capacity Installed. The company's annual recurring revenue now exceeds $1 billion. Management expects Solar Energy Capacity Installed growth to be in a range of 10% to 15% for the full year 2023.

Sunrun reported Q3 2022 financial results, with Net Subscriber Value expanding significantly to $13,259 and Net Earning Assets increasing by $465 million to $5.1 billion. The company added 35,760 new customers, bringing the total to 759,937, and installed 255.8 Megawatts of solar energy capacity.

Sunrun reported a revenue of $584.6 million for Q2 2022, a 46% increase year-over-year. Customer additions reached 34,403, bringing the total customer base to 724,177. The company reiterated its full-year guidance, expecting continued growth and expanding Net Subscriber Values.

Sunrun reported a 27% growth in Solar Energy Capacity Installed in Q1, exceeding guidance. Customer orders increased by 39% year-over-year, and the company added 29,463 new customers, bringing the total to 689,774. Full-year guidance for Solar Energy Capacity Installed growth was increased to over 25%.

Sunrun reported a 36% increase in total revenue for Q4 2021 compared to the previous year, driven by growth in both customer agreements and solar energy system sales. The company added 29,870 customers in the quarter, bringing the total to 660,311. Solar Energy Capacity Installed was 220 Megawatts.

Sunrun reported a strong Q3 2021 with customer additions of 30,698, bringing the total to 630,441. The company's networked solar energy capacity reached 4.5 Gigawatts. Total revenue was $438.8 million, a 109% increase year-over-year, with a net income of $24.1 million, or $0.11 per diluted share.

Sunrun reported strong Q2 2021 financial results, driven by accelerated sales volumes and record installations. The company added 26,110 customers, bringing the total to 599,743. They also increased full-year growth guidance to 30% and are on track to deliver a break-out year, while navigating a dynamic supply chain environment.

Sunrun reported a strong first quarter in 2021, with customer additions of 23,556, bringing the total to over 573,000. The company increased its full-year growth guidance to 25% to 30%.

Sunrun reported Q4 2020 results, featuring customer additions of approximately 23,500, bringing the total to over 550,000. The company's networked solar energy capacity reached 3.9 Gigawatts. Total revenue was $320.4 million, a 31% increase year-over-year. Net loss attributable to common stockholders was $169.3 million, or $0.88 per share.

Sunrun reported a strong third quarter, marked by a 40% sequential increase in megawatts deployed and a 2% year-over-year increase. The company completed the acquisition of Vivint Solar, expanding its customer base to over 500,000. Sunrun also launched Brightbox in all its markets and saw a 45% increase in battery installations compared to the previous year.

Sunrun reported a decrease in revenue and megawatts deployed compared to the previous year, but customer agreements revenue increased. The company is focused on cost structure improvements and expanding its customer base through the acquisition of Vivint Solar. They also announced new virtual power plant contracts and a venture for home electrification.

Sunrun reported a revenue increase of 8% year-over-year, reaching $210.7 million, driven by growth in solar energy systems and product sales. The company also achieved a 13% increase in megawatts deployed and a reduction in creation costs per watt. Despite these gains, Sunrun experienced a net loss attributable to common stockholders of $28.0 million, or $0.23 per share.

Sunrun reported a 2% increase in total revenue, reaching $243.9 million in Q4 2019. The company's net income attributable to common stockholders was $12.5 million, with diluted net income per share at $0.10. They added 52,000 customers in 2019, growing customer base 22% year-over-year to 285,000.