NASDAQ$RUN
Sunrun Inc. · Q4 2020 earnings
Q4 2020 earnings · · Investor relations
Briefing
Sunrun's Q4 2020 financial results were released, highlighting growth and market leadership, driven by the acquisition of Vivint Solar and increasing demand for clean energy solutions.
Sunrun reported Q4 2020 results, featuring customer additions of approximately 23,500, bringing the total to over 550,000. The company's networked solar energy capacity reached 3.9 Gigawatts. Total revenue was $320.4 million, a 31% increase year-over-year. Net loss attributable to common stockholders was $169.3 million, or $0.88 per share.
- Completed acquisition of Vivint Solar, solidifying position as a leader in home solar and energy services.
- Increased customer base by more than 18% year-over-year through the fourth quarter, combined with Vivint Solar.
- Expanded Brightbox availability to all markets, including eight additional states and Washington, D.C.
- Expanded into additional areas of Texas and Florida due to increased demand for affordable, reliable clean energy.
Headline financials
Revenue & EPS history
Sunrun · Revenue · Quarterly
$320M
Revenue by segment
Sunrun · $320M total across 2 segments · Q4 2020
- Customer agreements$164M+78.0%51.3%
- Energy systems & sales$156M+7.8%48.7%
Forward guidance
Sunrun anticipates Solar Energy Capacity Installed growth to be in the range of 20% to 25% for the full year 2021 and expects Total Value Generated to be above $700 million in 2021. The company is also increasing expected cost synergies from the acquisition of Vivint Solar from $90 million to $120 million in run-rate synergies by the end of 2021.
Tailwinds
- Expects 20-25% growth in Solar Energy Capacity Installed in 2021.
- Total Value Generated expected to be above $700 million in 2021.
- Increased cost synergies from Vivint Solar acquisition expected to reach $120 million by the end of 2021.
- Closed transactions and executed term sheets provide expected tax equity and project debt capacity to fund over 500 megawatts of Solar Energy Capacity Installed for Subscribers beyond Q4 2020.
- Extension of the Investment Tax Credit (ITC) for an additional two years at the 26% level through 2022.
Headwinds
- Impact of COVID-19 on the Company and its business and operations
- Successful integration of Vivint Solar
- Availability of additional financing on acceptable terms
- Changes in the retail prices of traditional utility generated electricity
- Worldwide economic conditions, including slow or negative growth rates in global and domestic economies and weakened consumer confidence and spending
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 Q4 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
| Quarter | Report date | Reaction (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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