NASDAQ$RUN

Sunrun Inc. · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Sunrun's financial performance in Q1 2020 showed revenue growth and strategic advancements.

Sunrun reported a revenue increase of 8% year-over-year, reaching $210.7 million, driven by growth in solar energy systems and product sales. The company also achieved a 13% increase in megawatts deployed and a reduction in creation costs per watt. Despite these gains, Sunrun experienced a net loss attributable to common stockholders of $28.0 million, or $0.23 per share.

  • Total revenue increased by 8% year-over-year to $210.7 million.
  • Megawatts deployed increased by 13% year-over-year to 97 MW.
  • Creation cost per watt improved by 11% year-over-year to $3.09.
  • The company transitioned to a digital sales model and streamlined operations.

Headline financials

Total Revenue

$211M

Previous: $195M+8.3%
EPS (adj)

-$0.23

Previous: -$0.12-91.7%
Total customers

298.0K

No prior period
Networked solar capacity (MW)

97

Previous: 86+12.8%
Capital Expenditures

-$3.11M

Previous: -$2.52M-23.4%
Free Cash Flow

-$31.1M

Previous: -$16.4M-89.7%
Net Income

-$28M

Previous: -$13.9M-101.7%
Operating Income

-$63M

Previous: -$44.2M-42.7%
Gross Profit

$211M

Previous: $195M+8.3%
Cash & Equivalents

$286M

Previous: $246M+16.6%
Total Assets

$5.94B

Previous: $4.94B+20.2%

Revenue & EPS history

Sunrun · Revenue · Quarterly

$211M

Q1 2020+8.3%vs Q1 2019
Beat estimate in 4 of 16 quarters(25%)
ActualEstimate

Revenue by segment

Sunrun · $206M total across 2 segments · Q1 2020

  • Energy systems & sales
    $112M+17.9%
  • Customer agreements
    $94.3M+20.0%

Forward guidance

Sunrun's pre-arranged financings provide capital to fund approximately 220 MW of leased projects beyond what was deployed through the end of first quarter of 2020, at above 90% of contracted Project Value.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

-0.7%

Avg return

Earnings day

-2.1%

Avg return

5 days after

+1.4%

Avg return

30 days after

53%

24 / 45 earnings

Positive

+22.0%

Q1 2018

Best reaction

-35.0%

Q4 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-4.7%+7.5%-0.7%
Q4 2025-35.0%-40.4%-38.3%
Q3 2025-16.0%-4.8%-13.9%
Q1 2025+15.0%+61.0%+15.2%
Q4 2024-8.3%-12.8%-24.9%
Q3 2024-14.0%-18.2%-11.1%
Q2 2024+10.8%+8.2%+16.5%
Q1 2024+5.3%-2.2%+14.2%
Q4 2023-19.6%-28.4%-28.6%
Q3 2023+8.3%+6.6%+48.6%
Q2 2023+0.3%-8.4%-17.4%
Q1 2023-13.0%-11.5%-3.8%
Q4 2022-1.4%-2.5%-24.9%
Q3 2022+13.9%+2.5%+42.5%
Q2 2022+2.0%+9.4%+0.6%
Q1 2022+8.9%-8.1%+16.7%
Q4 2021-12.4%-15.1%+25.4%
Q3 2021-3.6%-4.0%-31.5%
Q2 2021-8.4%-6.3%-13.8%
Q1 2021+7.7%-6.0%-2.5%
Q4 2020+0.0%+2.8%-8.7%
Q3 2020+6.9%-0.8%+6.9%
Q2 2020-7.9%-0.8%+20.1%
Q1 2020+4.2%+9.9%+41.1%
Q4 2019-7.5%-6.7%-51.1%
Q3 2019-4.6%+1.9%-1.8%
Q2 2019+0.1%-14.5%-19.7%
Q1 2019-7.3%-14.6%-2.4%
Q4 2018+2.4%-0.1%-9.8%
Q3 2018-2.9%-4.1%+7.6%
Q2 2018-7.0%-7.9%-14.2%
Q1 2018+22.0%+15.5%+34.6%
Q4 2017-6.1%-0.7%+38.1%
Q3 2017+6.5%+3.6%-2.2%
Q2 2017-3.0%-6.2%-2.8%
Q1 2017+2.0%+0.1%+10.4%
Q4 2016-0.6%-5.9%+1.3%
Q3 2016+6.7%+2.5%+22.1%
Q2 2016+19.3%+16.7%+16.1%
Q1 2015+3.3%
Q1 2016+3.8%
Q4 2015-4.4%
Q3 2015+4.6%
Q4 2014+0.5%
Q2 2015+1.0%
Q3 2014
Q2 2014
Q1 2014

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