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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.
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 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