Sunrun (RUN) Tops Q2 EPS by 88c; offers outlook

Sunrun (NASDAQ: RUN) reported Q2 EPS of $0.55, $0.88 better than the analyst estimate of ($0.33). Revenue for the quarter came in at $523.87 million versus the consensus estimate of $519.81 million.

Outlook

Management is reiterating guidance for Cash Generation of $50 million to $125 million in Q4 ($200 million to $500 million annualized). Cash Generation is expected to be positive in Q3.

Management is introducing Cash Generation guidance of $350 million to $600 million for the full-year 2025.

Storage Capacity Installed is expected to be in a range of 1,030 to 1,100 Megawatt hours for the full-year 2024, and increase from the prior range of 800 to 1,000 Megawatt hours. This range represents approximately 80% to 93% growth year over year.

Storage Capacity Installed is expected to be in a range of 275 to 300 Megawatt hours in the third quarter of 2024. This range represents approximately 64% growth year over year.

Solar Energy Capacity Installed is expected to decline approximately 15% for the full-year 2024, in-line with the low-end of the prior guidance range. Year-over-year growth is expected to be positive in Q4.

Solar Energy Capacity Installed is expected to be in a range of 220 to 230 Megawatts in the third quarter of 2024. This range represents approximately 14% to 20% sequential growth from Q2.

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

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