Sunrun (RUN) Q4 Revenues Beat

Sunrun (NASDAQ: RUN) reported Q4 GAAP EPS of ($0.88), which does not compare to the analyst estimate of $0.12. Revenue for the quarter came in at $320.4 million versus the consensus estimate of $303.49 million.

“Extreme weather events and power outages necessitate a transition to a clean and decentralized energy system,” said Lynn Jurich, Sunrun’s Chief Executive Officer and co-founder. “Sunrun is leading this change with affordable local solar and battery solutions, delivering reliable clean energy to American households and supporting grid stability.”

“The fourth quarter capped off a transformative year for Sunrun,” said Tom vonReichbauer, Sunrun’s Chief Financial Officer. “The Sunrun team again delivered sequential volume growth and margin expansion. We also closed the acquisition of Vivint Solar and with more than four months of integration behind us, we’re increasing our expected cost synergies from the transaction from $90 million to $120 million. The combination of continued operational improvements and strategic advantage from our increased scale sets the company up for a break-out 2021.”

For earnings history and earnings-related data on Sunrun (RUN) click here.

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