secwatch.observer — SEC 8-K summary
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Issuer:     Sunrun Inc. (RUN)
CIK:        0001469367
Form:       8-K
Filed at:   2023-05-03T23:59:59+00:00
Accession:  0001469367-23-000117
Event type: earnings
Sentiment:  positive
Materiality: 0.78
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sunrun Q1 2023: Revenue $589.8M (+19% YoY), Net loss $240.4M; Subscriber Value $12,000 beats guidance
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- Solar capacity installed 240 MW, exceeding high-end of guidance; Q2 guidance 270-290 MW.
- Net Subscriber Value $12,000 beats guidance; Subscriber Value $44,055, Creation Cost $32,055.
- Customer additions 32,413 (25,154 subscribers); total customers 829,709, up 20% YoY.
- Annual Recurring Revenue $1.1B with 17.6 years average contract life; Networked capacity 5.9 GW.
- Sales activities grew over 30% YoY, with over 80% growth in California; launched Sunrun Shift in CA.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1469367/000146936723000117/0001469367-23-000117-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1469367/000146936723000117/run-20230503.htm
  HTML page:      https://secwatch.observer/filing/0001469367-23-000117

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer