Sunrun Q4 storage capacity installed 219.7 MWh (+154% YoY); Net Subscriber Value $13,445, up $2,414 QoQ

Sunrun Inc.

2023-FY EPS reported -$7.41 revenue$2,259,813,000

Q4 revenue $516.6M (-15% YoY); net loss $350.1M ($1.60/share) including $58.7M non-cash charge.
Cash generation positive at $10.9M in Q4; reaffirms 2024 cumulative positive cash outlook.
Full-year 2023 net loss $1,604.5M ($7.41/share) includes $1.2B goodwill impairment.
Storage attachment rate on installations reached 45% in Q4; new sales attachment ~48% nationally.
Guidance: FY 2024 storage capacity 800-1,000 MWh (+40-75%); Net Subscriber Value expected to exceed Q4 2023 levels.

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 0.85

Sunrun Inc. updated its the fourth quarter and full year ended December 31, 2023 guidance (reaffirmed).

Period: the fourth quarter and full year ended December 31, 2023
Guidance: reaffirmed
Result: reported results

Exact text from the filing

On February 21, 2024, Sunrun Inc. (the “Company”) issued a press release announcing its financial results for the quarter and full year ended December 31, 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 0001469367-24-000022

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