Sunrun (RUN) Misses Q2 EPS by 12c

Sunrun (NASDAQ: RUN) reported Q2 EPS of ($0.20), $0.12 worse than the analyst estimate of ($0.08). Revenue for the quarter came in at $401.2 million versus the consensus estimate of $366.56 million.

“Consumers are seeking clean, affordable, resilient energy sources now more than ever. This quarter sales volumes accelerated to new records and we delivered record installations in both our direct and channel businesses. We are meeting this need while investing in our differentiated service offering, including virtual power plants and integration with electric vehicles,” said Lynn Jurich, Sunrun’s Chief Executive Officer and co-founder. “Our incredible team is tackling climate change while building a stronger, more resilient grid that puts customers at the center.”

“We remain on track to deliver a break-out year and are increasing our full-year growth guidance to 30%,” said Tom vonReichbauer, Sunrun’s Chief Financial Officer. “Given the advantages of our broad-reach and multi-channel strategy, our team is capturing the accelerating consumer interest, while executing the ongoing integration of Vivint Solar and navigating a dynamic supply chain environment.”

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

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