Sunrun (NASDAQ:RUN) reported Q1 EPS of ($0.42), $0.25 worse than the analyst estimate of ($0.17). Revenue for the quarter came in at $495.8 million versus the consensus estimate of $401.31 million.
Outlook:
- Management now expects Solar Energy Capacity Installed growth to be 25% or greater for the full-year 2022, an increase from the prior guidance of 20% or greater.
- Total Value Generated is expected to grow meaningfully faster than Solar Energy Capacity Installed for the full-year 2022, with Net Subscriber Values of above $10,000 in Q3.
- For the second quarter, management expects Solar Energy Capacity Installed to be in a range between 235 and 245 megawatts.