Sunrun (RUN) Tops Q1 EPS Views; Guides Q2, FY16

Sunrun (NASDAQ: RUN) reported Q1 EPS of $0.13, $0.61 better than the analyst estimate of ($0.48). Revenue for the quarter came in at $99 million versus the consensus estimate of $87.7 million.

In the first quarter of 2016, total MW deployed increased to 60 MW from 37 MW in the first quarter of 2015, a 63% year-over-year increase.

Guidance for Q2 and Full Year 2016

The following statements are based on current expectations. These statements are forward-looking and actual results may differ materially.

For 2016, we expect deployments of approximately 285 MW but we will focus primarily on delivering NPV of above $1 per watt in the second half of the year. We believe this NPV growth is supported by expected growth rates of nearly 100% in our Sunrun built business, which is double the market growth rate and lower unit level creation costs.

In Q2, we expect to deploy approximately 60 MW.

For earnings history and earnings-related data on Sunrun (RUN) click here.

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