Residential solar provider Sunrun Q3 revenue smashes estimates, helped by strong customer additions

SunRun

06/11/2025 21:38

Overview

Sunrun Q3 revenue grows 35% yr/yr, beating analyst expectations

Company achieves sixth consecutive quarter of positive cash generation

Sunrun's storage attachment rate rises to 70% from 60% yr/yr

Outlook

Sunrun expects Q4 2025 Aggregate Subscriber Value between $1.33 bln and $1.63 bln

Full-year 2025 Aggregate Subscriber Value forecasted at $5.7 bln to $6.0 bln

Sunrun projects Q4 2025 Contracted Net Value Creation between $182 mln and $482 mln

Full-year 2025 Contracted Net Value Creation expected at $1.0 bln to $1.3 bln

Sunrun anticipates Q4 2025 Cash Generation between $60 mln and $260 mln

Full-year 2025 Cash Generation forecasted at $250 mln to $450 mln

Result Drivers

STORAGE-FIRST STRATEGY - Sunrun reports 20% growth in customer additions with storage, with a storage attachment rate rising to 70% in Q3

CAPITAL MARKETS EXECUTION - Sunrun raised $1.4 bln in senior non-recourse debt through securitizations, demonstrating strong capital markets access

DISPATCHABLE POWER PLANTS - Sunrun's home-to-grid power plants enrolled 106,000 customers, showing over 300% growth yr/yr

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$724.6 mln
$602 mln (17 Analysts)
Q3 EPS
$0.06
Q3 Net Income
$16.60 mln
Q3 Operating Expenses
$721 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy", 10 "hold" and no "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 $21.00, about 2% above its November 5 closing price of $20.59

Press Release: ID:nGNXc7LmH0

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(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.)