Sunrun (RUN) Misses Q1 EPS by 25c, Revenue Beats

Sunrun (NASDAQ: RUN) reported Q1 EPS of ($0.42), $0.25 worse than the analyst estimate of ($0.17). Revenue for the quarter came in at $495.8 million versus the consensus estimate of $401.31 million.

Outlook:

• Management now expects Solar Energy Capacity Installed growth to be 25% or greater for the full-year 2022, an increase from the prior guidance of 20% or greater.
• Total Value Generated is expected to grow meaningfully faster than Solar Energy Capacity Installed for the full-year 2022, with Net Subscriber Values of above $10,000 in Q3.
• For the second quarter, management expects Solar Energy Capacity Installed to be in a range between 235 and 245 megawatts.

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

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