NASDAQ$RUN

Sunrun Inc. · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Sunrun's Q4 2021 financial results were announced, showcasing growth in customer additions and solar energy capacity installed.

Sunrun reported a 36% increase in total revenue for Q4 2021 compared to the previous year, driven by growth in both customer agreements and solar energy system sales. The company added 29,870 customers in the quarter, bringing the total to 660,311. Solar Energy Capacity Installed was 220 Megawatts.

  • Customer Additions of 29,870 in Q4, bringing total Customers to 660,311.
  • Solar Energy Capacity Installed was 220 Megawatts in the fourth quarter of 2021.
  • Total revenue was $435.2 million in the fourth quarter of 2021, up $114.8 million, or 36%, from the fourth quarter of 2020.
  • Net loss attributable to common stockholders was $38.5 million, or $0.19 per share, in the fourth quarter of 2021.

Headline financials

Total Revenue

$435M

Previous: $320M+35.8%
EPS (adj)

-$0.19

Previous: -$0.88+78.4%
Total customers

660.3K

Previous: 550.1K+20.0%
Networked solar capacity (MW)

4.7K

Previous: 3.9K+20.4%
Capital Expenditures

-$3.06M

Previous: $711K-530.9%
Free Cash Flow

-$278M

Previous: -$152M-83.2%
Net Income

-$321M

Previous: -$297M-8.1%
Operating Income

-$208M

Previous: -$256M+18.9%
Gross Profit

$40M

Previous: $47M-14.7%
Cash & Equivalents

$618M

Previous: $708M-12.8%
Total Assets

$16.5B

Previous: $14.4B+14.6%
Stock-Based Comp

$50.2M

Previous: $171M-70.5%

Revenue & EPS history

Sunrun · Revenue · Quarterly

$435M

Q4 2021+35.8%vs Q4 2020
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Sunrun · $435M total across 2 segments · Q4 2021

  • Energy systems & sales
    $235M+50.4%
  • Customer agreements
    $201M+22.0%

Forward guidance

Management expects Solar Energy Capacity Installed growth to be 20% or greater for the full-year 2022. Total Value Generated is expected to grow faster than Solar Energy Capacity Installed for the full-year 2022. For the first quarter, management expects Solar Energy Capacity Installed to be in a range between 195 and 200 megawatts.

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 2021

Historical avgQ4 2021

-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

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro