Significant Hardware Cost Reductions to be Realized in Coming Quarters ➔ Equipment & input cost trends are improving across all categories from modules, batteries, inverters and freight. Current procurement activities for modules and batteries are seeing a greater than 20% price reduction from recent highs. ➔ For a hypothetical 7.5 KW solar with a single backup battery system, we expect to realize a nearly 15% cost reduction for hardware over the next few quarters as we work through inventory and new pricin ...

Financial Data and Key Metrics Changes - In Q2 2023, Sunrun added approximately 39,800 customers, including about 32,400 subscriber additions, with a subscription mix of 83%, up from 78% last quarter, marking the highest level in two years [23][24] - The company ended Q2 with approximately 869,000 customers and 725,000 subscribers, representing 6.2 gigawatts of installed solar capacity, a 21% year-over-year increase [24] - Total value generated in Q2 was $399 million, nearly doubling compared to the prior year, despite a less favorable discount rate [46] Business Line Data and Key Metrics Changes - Sunrun's strong attachment rate for storage was nearly 18% of installations in Q2, with expectations for rapid increases [10] - The company installed over 100 megawatt-hours of storage capacity in Q2, a 35% increase year-over-year, bringing total storage capacity to over 900 megawatt-hours [30] - Subscriber value was approximately $44,700, with a net subscriber value of $12,321, consistent with guidance [45] Market Data and Key Metrics Changes - Sales activities outside California grew by 25% in Q2 compared to the prior year, maintaining this growth rate through June and July [15] - In California, the battery attachment rate exceeded 80%, with over one-third of newly sold battery systems providing home backup [11] Company Strategy and Development Direction - The company aims to maximize shareholder value through strong margins and cash generation, with expectations for margin expansion in the coming quarters [20] - Sunrun is focused on integrating differentiated offerings and developing capabilities in-house or alongside partners [36] - The company is also investing in artificial intelligence to drive cost efficiency and improve customer experience [41] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth trajectory, particularly in California, despite a slower-than-expected recovery [34] - The company anticipates a strong year-over-year growth in net subscriber values in the second half of the year, driven by higher-margin backup battery systems [55] - Management noted that recent interest rate increases and inflationary pressures have impacted cash generation, but they are responding with higher pricing and operational efficiency improvements [56] Other Important Information - Sunrun's exclusive partnership with PG&E for the Peak Power Rewards program has grown to 8,500 customers, with 34 megawatts available for dispatch [16] - The company is targeting annual recurring cash generation of $200 million to $500 million or higher in future quarters as margin improvements are realized [21][85] Q&A Session Summary Question: Battery attachment rate and margin impact - Management confirmed that the higher margins from battery attachments are more than offsetting temporary lower volumes, with customers increasingly seeking storage solutions [87] Question: Cash generation target range - The wide range of $200 million to $500 million for annual recurring cash generation is driven by various factors, including interest rate increases and inventory management challenges [92] Question: Net subscriber value guidance - Management indicated that the net subscriber value is expected to increase significantly in the second half of the year, supported by a higher mix of storage products [100] Question: Virtual power plant monetization - Management acknowledged the significant untapped potential in their existing customer base for virtual power plant agreements, with plans to launch retrofit offerings for customers [123]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-37511 Sunrun Inc. (Exact name of registrant as specified in its charter) Delaware 26-2841711 (State or other jurisdiction of incorporation or organization) (I.R.S ...

Sunrun Inc. (NASDAQ:RUN) Q1 2023 Results Conference Call May 3, 2023 4:30 PM ET Company Participants Patrick Jobin - Senior VP of Finance and IR Mary Powell - Chief Executive Officer and Director Paul Dickson - Sunrun's Chief Revenue Officer Danny Abajian - Chief Financial Officer Conference Call Participants Julien Dumoulin-Smith - BOA Brian Lee - Goldman Sachs Tristan Richardson - Scotia Bank Andrew Percoco - Morgan Stanley James West - Evercore ISI Colin Rusch - Oppenheimer Maheep Mandloi - Credit Suisse ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Commission File Number: 001-37511 Sunrun Inc. (Exact name of registrant as specified in its charter) Delaware 26-2841711 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE ...

Sunrun Inc. (NASDAQ:RUN) Q4 2022 Earnings Conference Call February 22, 2023 4:30 PM ET Company Participants Patrick Jobin - Investor Relations Mary Powell - Chief Executive Officer Ed Fenster - Co-Founder and Co-Executive Chair Danny Abajian - Chief Financial Officer Conference Call Participants Julien Dumoulin-Smith - Bank of America James West - Evercore ISI Brian Lee - Goldman Sachs Phil Shen - ROTH Kashy Harrison - Piper Sandler Joseph Osha - Guggenheim Partners Maheep Mandloi - Credit Suite Biju Perinc ...

sunrun Q4 2022 Financial Results February 22, 2023 Safe Harbor & Forward Looking Statements This communication contains forward-looking statements related to Sunrun (the "Company") within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements related to: the Company's financial and operating guidance and expectations; ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-37511 Sunrun Inc. (Exact name of Registrant as specified in its Charter) Delaware 26-2841711 (State or other jurisdiction of incorporation or organization) (I.R.S. Emp ...

Sunrun, Inc. (NASDAQ:RUN) Q3 2022 Earnings Conference Call November 2, 2022 4:30 PM ET Company Participants Patrick Jobin - SVP, Finance & IR Mary Powell - CEO & Director Danny Abajian - CFO Edward Fenster - Co-Founder & Executive Co-Chair, Board Conference Call Participants Brian Lee - Goldman Sachs Julien Dumoulin-Smith - Bank of America Merrill Lynch Andrew Percoco - Morgan Stanley Colin Rusch - Oppenheimer Sophie Karp - KeyBanc Capital Markets David Peters - Wolfe Research Maheep Mandloi - Crédit Suisse ...

For the quarterly period ended September 30, 2022 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 San Francisco, California 94104 (Address of principal executive offices and Zip Code) (415) 580-6900 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-37511 Sunrun Inc. (Exact name of registrant as specified ...