Sunrun (RUN) Reports Q2 EPS of $0.23
Sunrun (NASDAQ: RUN) reported Q2 EPS of $0.23, versus $0.31 reported last year. Revenue for the quarter came in at $137.85 million, versus $122.54 thousand reported last year.
Total deployments of 76 MW, an increase of 16% year-over-year
Net Present Value of $74 million created, an increase of 56% year-over-year
Creation Cost per watt improved by 10% year-over-year
Cumulative MW deployed of 1,027 MW, an increase of 42% year-over-year
Net Earning Assets exceeded $1 billion, reflecting a 29% increase year-over-year
“We are pleased to deliver Q2 results that exceeded our guidance and are proud that our customers have now saved $150 million and represent over 1 GW of clean power resources,” said Lynn Jurich, Sunrun’s chief executive officer. “We continue to innovate and expand, having launched in seven new markets this year while also exploring more ways distributed energy resources can deliver value to consumers and modernize our energy infrastructure.”
Guidance for Q3 and Full Year 2017
The following statements are based on current expectations. These statements are forward-looking and actual results may differ materially.
In Q3, we expect to deploy approximately 88 MW, reflecting 15% growth for the first three quarters of 2017 compared to the prior year.
For the full year 2017, we continue to expect to deploy 325 MWs, reflecting 15% year-over-year growth.
For earnings history and earnings-related data on Sunrun (RUN) click here.
