secwatch.observer — SEC 8-K summary
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Issuer:     Sunrun Inc. (RUN)
CIK:        0001469367
Form:       8-K
Filed at:   2023-11-01T23:59:59+00:00
Accession:  0001469367-23-000201
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sunrun Q3 net loss $1.07B on $1.2B goodwill impairment; storage growth 131% YoY, solar guidance cut
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- GAAP net loss $1,069.5M ($4.92/share) vs net loss $63.9M a year ago; non-GAAP net income $88.5M ($0.40 diluted excluding impairment).
- Revenue $563.2M, down 11% YoY; customer agreements revenue up 17% to $316.5M, product sales down 32% to $246.7M.
- Storage Capacity Installed 175.6 MWh (+131% YoY, +68% QoQ); storage attachment rate 33% in Q3, recent >40% nationally.
- Lowers FY 2023 solar capacity growth guidance to 2-5% (from 10-15%); Q4 storage guidance 180-200 MWh.
- Net Subscriber Value $11,030; pro-forma with full ITC adder and cost deflation $14,793 (6% discount).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1469367/000146936723000201/0001469367-23-000201-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1469367/000146936723000201/run-20231101.htm
  HTML page:      https://secwatch.observer/filing/0001469367-23-000201

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