Loading...
•
Sep 30, 2022
Sunrun Q3 2022 Earnings Report
Sunrun's Q3 2022 financial results were reported, highlighting significant expansion in Net Subscriber Value and a substantial increase in Net Earning Assets.
Key Takeaways
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.
Net Subscriber Value expanded significantly, exceeding guidance at $13,259.
Net Earning Assets increased by $465 million from the prior quarter, reaching $5.1 billion.
Customer Additions totaled 35,760 in Q3, bringing the total customer base to 759,937, a 21% year-over-year growth.
Solar Energy Capacity Installed reached 255.8 Megawatts in Q3, reflecting a 17% year-over-year growth.
Revenue by Segment
Forward Guidance
Sunrun expects Solar Energy Capacity Installed growth to be approximately 25% for the full year 2022. Net Subscriber Value is expected to increase sequentially in Q4 from Q3. Total Value Generated is expected to be greater than $1 billion for the full year 2022.
Positive Outlook
- Solar Energy Capacity Installed growth to be approximately 25% for the full year 2022.
- Net Subscriber Value is expected to increase sequentially in Q4 from Q3.
- Total Value Generated is expected to be greater than $1 billion for the full year 2022.
- Continued margin improvements in the quarters ahead.
- Focus on a disciplined strategy for sustainable growth.
Challenges Ahead
- Pressures on sales and installation activities at the end of the quarter from the devastating hurricanes in Puerto Rico and Florida.
- Current supply constraints and long cycle times are resulting in lower attachment rates than previously forecasted.
- Higher interest rates and material costs.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...