Sunrun Q2 cash generation $217M, storage capacity up 152% YoY; introduces 2025 cash guidance ($350-600M)

Sunrun Inc.

2024-Q2 EPS reported $0.23 revenue$982,054,000

Cash Generation of $217M in Q2; reiterates Q4 2024 guidance of $50-125M; introduces 2025 target of $350-600M.
Storage Capacity Installed 264.5 MWh (152% YoY growth), beat high end of guidance; 2024 storage guidance raised to 1,030-1,100 MWh.
Solar Energy Capacity Installed 192.3 MW (within guidance); full-year 2024 expected to decline ~15% (in-line with low end).
Net subscriber value $12,394; subscriber additions 24,984; total customers 984,000 (+13% YoY).
Sunrun exercised accordion under credit facility, increasing commitments to $2.63B (announced July 31).

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