earnings
confidence high
sentiment positive
materiality 0.75
Sunrun Q3 net income $210.6M; Net Subscriber Value rises to $13,259, surpassing guidance
Sunrun Inc.
2022-Q3 EPS reported
$0.51
revenue$1,712,270,000
- Net income attributable to common stockholders $210.6M ($0.96 diluted EPS) on revenue $631.9M (+44% YoY).
- Net Subscriber Value of $13,259, up from $7,910 in Q2 2022 and above guidance.
- Customer additions 35,760; total customers 759,937 (+21% YoY); Solar Capacity Installed 255.8 MW (+17% YoY).
- Net Earning Assets $5.1B, including $956M cash; expects 25% Solar Capacity Installed growth for FY2022.
- Q4 Net Subscriber Value expected to increase sequentially; Total Value Generated >$1B for FY2022.