Brief: Sunrun Q2 Revenue USD 569.3 Million Vs. IBES Estimate USD 554.4 Million

SunRun

06/08/2025 21:01

Corrects EPS to $1.07, from $1.22, in Key Details table

Overview

Sunrun Q2 revenue rises 9% yr/yr, beating analyst expectations, per LSEG data

Contracted Net Value Creation up 316% yr/yr, driven by 70% storage attachment rate

Company reports fifth consecutive quarter of positive Cash Generation

Outlook

Sunrun expects Q3 Aggregate Subscriber Value of $1.5 bln to $1.6 bln

Company projects Q3 Contracted Net Value Creation of $275 mln to $375 mln

Sunrun sees full-year Aggregate Subscriber Value of $5.7 bln to $6.0 bln

Company expects full-year Contracted Net Value Creation of $1.0 bln to $1.3 bln

Result Drivers

STORAGE ATTACHMENT RATE - Customer additions with storage grew 50% in Q2, with a storage attachment rate of 70%, up from 54% year-over-year, boosting Sunrun's energy capacity for the grid

COST EFFICIENCIES - Sunrun reduced creation costs by 4% from last year, with improvements in installation, sales, and overhead costs exceeding 10%, counteracting higher equipment costs

CASH GENERATION - Achieved fifth consecutive qtr of positive Cash Generation, with $27 mln in Q2, and reiterated 2025 Cash Generation guidance of $200 mln to $500 mln, per CFO Danny Abajian

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$569.30 mln
$554.40 mln (15 Analysts)
Q2 Diluted EPS
$1.07
Q2 Net Income
$279.80 mln
Q2 Operating Expenses
$682 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 10 "strong buy" or "buy", 12 "hold" and 2 "sell" or "strong sell"

The average consensus recommendation for the renewable energy equipment & services peer group is "buy."

Wall Street's median 12-month price target for Sunrun Inc is $12.00, about 21.5% above its August 5 closing price of $9.42

Press Release: ID:nGNX7C8VTm

 (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)