earnings
confidence high
sentiment positive
materiality 0.80
Sunrun Q3 revenue up 109% to $438.8M; Net Subscriber Value jumps to $7,605
Sunrun Inc.
2021-Q3 EPS reported
-$0.20
revenue$1,174,725,000
- Customer additions of 30,698; total customers 630,441, up 20% YoY pro-forma for Vivint Solar.
- Net Subscriber Value $7,605 per customer, up $2,031 from Q2; Subscriber Value $35,734, Creation Cost $28,129.
- Revenue $438.8M (+109% YoY); net income $24.1M ($0.11 diluted EPS).
- Full-year 2021 outlook: Solar Energy Capacity growth 30%, Total Value Generated ~$700M.
- Battery installations expected >100% growth in 2021; supply constraints lower near-term volumes.