Sunrun (NASDAQ: RUN) reported Q4 EPS of ($0.05), $0.32 worse than the analyst estimate of $0.27. Revenue for the quarter came in at $240.1 million versus the consensus estimate of $199.51 million.

• Total revenue grew to $240.1 million in the fourth quarter of 2018, up $87.9 million, or 58% from the fourth quarter of 2017. Customer agreements and incentives revenue grew 101% year-over-year to $131.3 million. Solar energy systems and product sales increased 25% year-over-year to $108.8 million.
• Total cost of revenue was $154.4 million, an increase of 23% year-over-year. Total operating expenses were $246.8 million, an increase of 24% year-over-year.
• Net loss attributable to common stockholders was $5.9 million in the fourth quarter of 2018.
• Diluted net loss per share attributable to common stockholders was ($0.05) per share.

“Sunrun finished 2018 with another record breaking quarter, and we expect to continue to advance our market share lead in 2019,” said Lynn Jurich, Sunrun’s Chief Executive Officer and co-founder. “We applaud our 233,000 customers’ efforts to help decarbonize America’s energy system. Our vision is to provide our rapidly growing customer base with a superior energy service and to leverage these solar and Brightbox battery assets to provide value to the entire energy system.”

Guidance for Q1 and Full Year 2019

• The following statements are based on current expectations. These statements are forward-looking and actual results may differ materially.
• In Q1, we expect deployments to be in a range between 83 MW and 85 MW.
• For the full year 2019, we expect deployments to grow in a range between 16% and 18% year-over-year.

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