Sunrun Q1 rev +48% to $496M, guides FY22 growth >25%; CFO vonReichbauer resigns

Sunrun Inc.

2022-Q1 EPS reported -$0.42 revenue$495,784,000

Revenue $495.8M, up 48% YoY; net loss $87.8M ($0.42/sh).
Solar Energy Capacity Installed 213 MW, +27% YoY; full-year guidance raised to >25% growth.
Customer additions 29,463, total customers 689,774 (+20%).
CFO Tom vonReichbauer resigns effective May 30; Danny Abajian appointed as new CFO.
Net subscriber value $7,141 in Q1; expect >$10,000 in Q3.

item 2.02 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Tom vonReichbauer

Chief Financial Officer

RUN · Sunrun Inc.

Effective: 2022-05-30
Successor: Danny Abajian
Filed: May 4, 2022, 7:59 PM ET

On April 28, 2022, Tom vonReichbauer, Chief Financial Officer of Sunrun Inc. (the “Company”), notified the Company of his intention to resign from the Company effective May 30, 2022.

Appointed

Danny Abajian

Chief Financial Officer

RUN · Sunrun Inc.

Effective: 2022-05-30
Filed: May 4, 2022, 7:59 PM ET

On April 28, 2022, the Company’s Board of Directors appointed Danny Abajian as the Company’s Chief Financial Officer and Principal Financial Officer effective as of May 30, 2022.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Tom vonReichbauer resigned as Chief Financial Officer at Sunrun Inc..

Action: resigned
Role: Chief Financial Officer

Exact text from the filing

On April 28, 2022, Tom vonReichbauer, Chief Financial Officer of Sunrun Inc. (the “Company”), notified the Company of his intention to resign from the Company effective May 30, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Danny Abajian was appointed as Chief Financial Officer at Sunrun Inc..

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

On April 28, 2022, the Company’s Board of Directors appointed Danny Abajian as the Company’s Chief Financial Officer and Principal Financial Officer effective as of May 30, 2022.

View on SEC.gov

Sunrun Inc. filing history →

Source: SEC EDGAR

accession 0001469367-22-000077

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