Sunrun (NASDAQ: RUN) reported Q4 EPS of ($0.15), $0.49 better than the analyst estimate of ($0.64). Revenue for the quarter came in at $99.6 million versus the consensus estimate of $103.93 million.

Fourth Quarter 2015 Operating Highlights

• 80 MW booked, an increase of 117% year-over-year.
• 68 MW deployed, representing 83% growth year-over-year.
• Cumulative MW deployed of 596 MW.
• Quarterly NPV creation was $50 million, an increase of 1% quarter-over-quarter.
• Pre-tax Project Value per watt was $4.50, compared to $4.70 in the prior quarter.
• Creation Cost per watt of $3.64 decreased $0.11, or 3% quarter-over-quarter.

Guidance for Q1 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 to deploy approximately 285 MW. We expect our Sunrun built business to grow at a nearly 100% growth rate.

We will continue to target a $1 per watt of NPV across the full year despite compression due to our exit from Nevada and capacity investments to support the doubling of the direct business.

In Q1, we expect to deploy 56 MW. We have removed approximately 12 MW of backlog from Nevada that would have been deployed in the quarter.

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