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Mar 31, 2020
Sunrun Q1 2020 Earnings Report
Sunrun's financial performance in Q1 2020 showed revenue growth and strategic advancements.
Key Takeaways
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.
Total revenue increased by 8% year-over-year to $210.7 million.
Megawatts deployed increased by 13% year-over-year to 97 MW.
Creation cost per watt improved by 11% year-over-year to $3.09.
The company transitioned to a digital sales model and streamlined operations.
Sunrun
Sunrun
Sunrun Revenue by Segment
Revenue by Segment
Customer Agreements and Incentives Revenue
CapyFin.comSolar Energy Systems and Product Sales Revenue
CapyFin.com Forward Guidance
Sunrun's pre-arranged financings provide capital to fund approximately 220 MW of leased projects beyond what was deployed through the end of first quarter of 2020, at above 90% of contracted Project Value.
Revenue & Expenses
Visualization of income flow from segment revenue to net income