Here's What Key Metrics Tell Us About Sunrun (RUN) Q4 Earnings

Core Insights - Sunrun reported revenue of $518.49 million for Q4 2024, a year-over-year increase of 0.4%, with an EPS of $1.41 compared to -$1.33 a year ago, indicating a significant turnaround in earnings performance [1] - The revenue fell short of the Zacks Consensus Estimate of $538.42 million, resulting in a surprise of -3.70%, while the EPS exceeded expectations by +622.22% against a consensus estimate of -$0.27 [1] Financial Performance Metrics - Solar Energy Capacity Installed for Subscribers was 232 MW, below the average estimate of 248.89 MW [4] - Networked Solar Energy Capacity reached 7,531 MW, slightly below the average estimate of 7,562.94 MW [4] - Revenue from Customer Agreements and Incentives was $388.57 million, exceeding the estimated $375.17 million, reflecting a year-over-year increase of +20.8% [4] - Revenue from Solar Energy Systems and Product Sales was $129.92 million, significantly lower than the estimated $158.65 million, marking a year-over-year decrease of -33.4% [4] - Revenue from Solar Energy Systems was $37.24 million, compared to the average estimate of $72.53 million, representing a year-over-year decline of -58.4% [4] - Revenue from Incentives was $31.02 million, below the average estimate of $39.43 million, with a year-over-year change of -8% [4] - Revenue from Products was $92.68 million, slightly above the average estimate of $88.70 million, showing a year-over-year decrease of -12.1% [4] - Revenue from Customer Agreements was $357.55 million, surpassing the average estimate of $353.72 million, with a year-over-year increase of +24.2% [4] - Gross Profit from Solar Energy Systems and Product was $1.56 million, significantly lower than the average estimate of $7.28 million [4] - Gross Profit from Customer Agreements and Incentives was $95.94 million, exceeding the average estimate of $62.21 million [4] Stock Performance - Sunrun's shares have returned -24.6% over the past month, contrasting with the Zacks S&P 500 composite's -4.1% change, indicating underperformance relative to the broader market [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the market in the near term [3]