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Dec 31, 2022
Sunrun Q4 2022 Earnings Report
Sunrun reported Q4 2022 financial results, with significant expansion in Net Subscriber Value reaching the highest level in the company's history and over 25% year-over-year growth in Solar Energy Capacity Installed.
Key Takeaways
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.
Net Subscriber Value expanded significantly to $16,569, reaching the highest level in Sunrun’s history.
Over 25% year-over-year growth in Solar Energy Capacity Installed for both Q4 and for full year 2022.
Customer interest at record-setting levels entering 2023 with January early-funnel sales activities growing over 30% year-over-year, with even higher growth in California.
Annual Recurring Revenue now over $1 billion with Average Contract Life Remaining of 17.6 years.
Revenue by Segment
Forward Guidance
Management expects Solar Energy Capacity Installed growth to be in a range of 10% to 15% for the full year 2023. Management currently sees more upside opportunity than downside risk to achieving growth in this range and anticipates market share gains in 2023.
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
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