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Jun 30, 2022
Sunrun Q2 2022 Earnings Report
Sunrun reported financial results, demonstrating growth in solar energy capacity and customer additions.
Key Takeaways
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.
Solar Energy Capacity Installed grew 33% year-over-year.
Added 34,403 customers in Q2, bringing total customers to 724,177.
Annual Recurring Revenue reached $917 million.
Networked Solar Energy Capacity now exceeds 5 Gigawatts.
Revenue by Segment
Forward Guidance
Sunrun expects Solar Energy Capacity Installed growth to be 25% or greater for the full-year 2022. Total Value Generated is expected to be substantially greater than $900 million for the full year 2022. Net Subscriber Value is expected to be above $10,000 in Q3 and Q4. For the third quarter, management expects Solar Energy Capacity Installed to be in a range between 250 and 260 Megawatts.
Positive Outlook
- Solar Energy Capacity Installed growth to be 25% or greater for the full-year 2022.
- Total Value Generated is expected to be substantially greater than $900 million for the full year 2022.
- Net Subscriber Value is expected to be above $10,000 in Q3 and Q4.
- Solar Energy Capacity Installed to be in a range between 250 and 260 Megawatts for Q3.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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