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Here's What Key Metrics Tell Us About Sunrun (RUN) Q4 Earnings
RUNSunrun(RUN) ZACKS·2025-03-06 02:01

Core Insights - Sunrun reported revenue of 518.49millionforQ42024,ayear−over−yearincreaseof0.4518.49 million for Q4 2024, a year-over-year increase of 0.4%, with an EPS of 1.41 compared to -1.33ayearago,indicatingasignificantturnaroundinearningsperformance[1]−TherevenuefellshortoftheZacksConsensusEstimateof1.33 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]FinancialPerformanceMetrics−SolarEnergyCapacityInstalledforSubscriberswas232MW,belowtheaverageestimateof248.89MW[4]−NetworkedSolarEnergyCapacityreached7,531MW,slightlybelowtheaverageestimateof7,562.94MW[4]−RevenuefromCustomerAgreementsandIncentiveswas0.27 [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 375.17million,reflectingayear−over−yearincreaseof+20.8375.17 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 158.65million,markingayear−over−yeardecreaseof−33.4158.65 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 72.53million,representingayear−over−yeardeclineof−58.472.53 million, representing a year-over-year decline of -58.4% [4] - Revenue from Incentives was 31.02 million, below the average estimate of 39.43million,withayear−over−yearchangeof−839.43 million, with a year-over-year change of -8% [4] - Revenue from Products was 92.68 million, slightly above the average estimate of 88.70million,showingayear−over−yeardecreaseof−12.188.70 million, showing a year-over-year decrease of -12.1% [4] - Revenue from Customer Agreements was 357.55 million, surpassing the average estimate of 353.72million,withayear−over−yearincreaseof+24.2353.72 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 7.28million[4]−GrossProfitfromCustomerAgreementsandIncentiveswas7.28 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]