The market expects Sunrun (RUN) to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on May 8, 2024, might help the stock move higher if these key numbers are better than ...

RUN has attracted some of the highest options volume over the last 10 daysThis Earth Day, it looks like a good time to highlight solar stock Sunrun Inc (NASDAQ:RUN), which has attracted plenty of attention from traders lately. The stock is 2.6% lower to trade at $9.98 at last glance, following a price-target cut from Piper Sandler to $15 from $27. Though the stock moved lower in April, down roughly 22% since the start of the month, options bulls have been more active than usual. RUN landed on Schaeffer's Se ...

The latest trading session saw Sunrun (RUN) ending at $10.25, denoting a +1.38% adjustment from its last day's close. The stock's performance was ahead of the S&P 500's daily loss of 0.88%. At the same time, the Dow added 0.56%, and the tech-heavy Nasdaq lost 2.05%.Heading into today, shares of the solar energy products distributor had lost 14.03% over the past month, lagging the Oils-Energy sector's gain of 2.78% and the S&P 500's loss of 2.57% in that time.The investment community will be paying close att ...

SAN FRANCISCO, April 10, 2024 (GLOBE NEWSWIRE) -- Sunrun (NASDAQ:RUN), the nation's leading provider of clean energy as a subscription service, today announced it has priced a securitization of leases and power purchase agreements. The securitized leases and power purchase agreements have been in service for an average of 6.75 years, and thus the vast majority of the portfolio is after the ‘flip point' in tax equity structures. "Sunrun's industry-leading performance as an originator and servicer of resident ...

SAN FRANCISCO and DEARBORN, Mich., March 19, 2024 (GLOBE NEWSWIRE) -- Sunrun (NASDAQ:RUN), the nation's leading provider of clean energy as a subscription service, and Carhartt, America's premium workwear brand, announced today a partnership to make Carhartt the official apparel supplier for Sunrun and its thousands of installers, technicians and service team members. Sunrun, which revolutionized the home solar industry by removing financial barriers and democratizing access to self-generated, renewable ene ...

Financial Data and Key Metrics Changes - The company generated $11 million in cash during the fourth quarter and grew net earning assets to over $5 billion, with a fleet of more than 1.3 gigawatt hours of storage capacity and nearly 7 gigawatts of solar capacity [44][64] - Annual recurring revenue (ARR) stood at over $1.3 billion, up 28% year-over-year, with an average contract life remaining of nearly 18 years [59] - Subscriber value increased to approximately $50,300, with a net subscriber value of $13,445, reflecting a blended 33.8% investment tax credit [60] Business Line Data and Key Metrics Changes - The storage attachment rate was over 45% of installations in Q4, up from 33% in Q3 and 15% at the beginning of the year [33] - The subscription mix represented 92% of deployments in Q4, an increase from 89% in the previous quarter [58] - Installed storage capacity in Q4 was 220 megawatt hours, a 154% increase from the same quarter last year [65] Market Data and Key Metrics Changes - Sales in California grew over 40% sequentially, contributing to a 23% increase in overall Q1 sales compared to Q4 [46][125] - The company expects solar capacity installed in Q1 to be in the range of 165 to 175 megawatts, reflecting a decline of approximately 25% from Q4 [119] - The market remains underpenetrated, with expectations for robust growth throughout the decade [118] Company Strategy and Development Direction - The company is focused on a storage-first strategy to enhance differentiation and expand margins, aiming to generate cash by increasing customer values through higher-value products and services [42][121] - The partnership with Lowe's is seen as a strategic benefit, providing access to a homeowner-focused model that aligns with target markets [67] - The company is pursuing an early renewal pilot to optimize sales strategies and increase customer retention [49] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the recovery of sales in California and noted that the market is expected to grow faster than the rest of the country [129] - The company reiterated a cash generation outlook of $200 million to $500 million by Q4 2024, with expectations for cumulative cash generation to be positive from Q4 2023 through the end of 2024 [92] - Management highlighted the importance of maintaining a strong cash position and using asset-level non-recourse debt financing to support growth [106] Other Important Information - The company ended 2023 with more total cash than recourse debt and generated cash in both Q3 and Q4 [52] - The company has successfully extended and upsized its non-recourse revolving senior warehouse facility to support growth [81] - The company is actively managing its capital structure to optimize costs and extend maturities [87] Q&A Session Summary Question: Can you provide context on your solar growth guidance for the year? - Management noted that Q1 sales growth volume has been strong, particularly in California, which is growing faster than the rest of the country [125][126] Question: How does the recent positive trend in California affect your cash guidance? - Management confirmed that California's growth is contributing positively to cash generation expectations, reflecting a disciplined focus on sustainable profitable growth [129][130] Question: What is the strategy behind the early renewal pilot? - The pilot aims to understand customer needs better and proactively engage customers to renew contracts ahead of their expiration [161][177]

Sunrun (RUN) reported $516.59 million in revenue for the quarter ended December 2023, representing a year-over-year decline of 15.2%. EPS of -$1.33 for the same period compares to $0.29 a year ago.The reported revenue represents a surprise of +3.37% over the Zacks Consensus Estimate of $499.74 million. With the consensus EPS estimate being -$0.13, the EPS surprise was -923.08%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determi ...

Sunrun (RUN) came out with a quarterly loss of $1.33 per share versus the Zacks Consensus Estimate of a loss of $0.13. This compares to earnings of $0.29 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -923.08%. A quarter ago, it was expected that this solar energy products distributor would post a loss of $0.05 per share when it actually produced earnings of $0.40, delivering a surprise of 900%.Over the last four quarters, th ...

Shares of SunRun Inc. fell in extended trading Wednesday after the residential solar-power installer and energy-storage provider reported fourth-quarter results that missed Wall Street’s expectations, making it the latest solar-industry player to take a hit from concerns about weaker demand. The company reported a fourth-quarter net loss of $535.4 million, or $1.60 a share, compared with a $327.9 million loss — with a per-share profit of 29 cents — in the same quarter that ended in 2022. The fourth-quar ...

Sunrun Reports Fourth Quarter and Full Year 2023 Financial Results Storage Capacity Installed of 219.7 Megawatt hours in Q4, exceeding guidance range and representing 154% year-over- year growth Exhibit 99.1 Nationally, storage attachment rates hit 45% of installations in Q4; recent storage attachment rates have reached ~48% on new sales Solar Energy Capacity Installed of 227.1 Megawatts in Q4, reaching 6.7 Gigawatts of Networked Solar Energy Capacity Net Subscriber Value of $13,445 in Q4, an increase of $2 ...