Sunrun Q2: Storage Capacity Installed +35% YoY, Net Subscriber Value $12,321, EPS $0.25

Sunrun Inc.

2023-Q2 EPS reported -$0.86 revenue$1,180,042,000

Solar Energy Capacity Installed 296.6 MW, exceeding high-end of guidance; Q3 guidance 255-275 MW.
Storage capacity installed 102.6 MWh (+35% YoY); storage attachment rates surge to 18% of new installations, over 30% for backup storage nationally.
Net income $55.5M ($0.25 diluted EPS); revenue $590.2M (+1% YoY). Net Subscriber Value $12,321, up from Q1.
Sales outside California grew 25% YoY; CA sales soft due to net billing tariff transition.
Net Earning Assets $4.4B, up $409M; total cash $921M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Sunrun Inc. reported financial results for the quarter ended June 30, 2023.

Period: the quarter ended June 30, 2023
Result: reported results

Exact text from the filing

On August 2, 2023, Sunrun Inc. (the “Company”) issued a press release announcing its financial results for the quarter ended June 30, 2023.

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3 earnings releases filed in the last 30 days. Browse all earnings releases →

Sunrun Inc. filing history →

Source: SEC EDGAR

accession 0001469367-23-000165

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