Sunrun Q4 net income $63M, revenue up 40% YoY; Fenster transitions to part-time

Sunrun Inc.

2022-FY EPS reported $0.80 revenue$2,321,422,000

Q4 2022 net income $63.0M ($0.29 diluted EPS); full-year net income $173.4M ($0.80 diluted).
Q4 revenue $609.2M (+40% YoY); Customer agreements revenue $242.3M (+21% YoY).
Net Subscriber Value record $16,569, up from $13,259 in Q3; Subscriber Value $46,326, Creation Cost $29,757.
Co-founder Edward Fenster transitions to part-time employee effective March 1, 2023, remains Co-Executive Chair.
FY 2023 guidance: Solar Energy Capacity Installed growth 10-15%; Q1 capacity expected 215-225 MW.

item 2.02 item 5.02 item 9.01

Executive movements

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Role change

Edward Fenster

Co-Executive Chair

RUN · Sunrun Inc.

Effective: 2023-03-01
Filed: February 22, 2023, 6:59 PM ET

Co-Executive Chair Edward Fenster will transition from his position as a full-time employee of the Company to part-time employment status with continued involvement in the operations and strategy of the Company, but will cease to be an “executive officer”

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Sunrun Inc. reported financial results for the quarter and full year ended December 31, 2022.

Period: the quarter and full year ended December 31, 2022
Result: reported results

Exact text from the filing

On February 22, 2023, Sunrun Inc. (the “Company”) issued a press release announcing its financial results for the quarter and full year ended December 31, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Edward Fenster changed role as Co-Executive Chair at Sunrun Inc..

Action: transitioned to part-time employment status
Role: Co-Executive Chair

Exact text from the filing

Co-Executive Chair Edward Fenster will transition from his position as a full-time employee of the Company to part-time employment status with continued involvement in the operations and strategy of the Company, but will cease to be an “executive officer”

View on SEC.gov

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Sunrun Inc. filing history →

Source: SEC EDGAR

accession 0001469367-23-000027

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