earnings
confidence high
sentiment negative
materiality 0.80
Sunrun posts Q4 net loss of $2.8B on $3.1B goodwill impairment; Cash Generation positive $34M
Sunrun Inc.
2024-FY EPS reported
-$12.81
revenue$2,037,719,000
- Q4 net loss $2,813.7M ($12.51/sh) includes non-cash $3.1B goodwill impairment; non-GAAP net income $360.9M ($1.41/sh).
- Cash Generation of $34M in Q4, third consecutive positive quarter; FY2025 guidance $200-500M.
- Paid down $132M recourse debt in Q4; total debt reduction $186M since March 2024.
- Storage capacity installed 392 MWh (+78% YoY); attachment rate 62%; Q1 2025 guidance 265-275 MWh.
- Net earning assets $6.8B; Net subscriber value $19,177 (record).