Sunrun (RUN) Tops Q3 EPS by 10c
Sunrun (NASDAQ: RUN) reported Q3 EPS of $0.11, $0.10 better than the analyst estimate of $0.01. Revenue for the quarter came in at $438.77 million versus the consensus estimate of $414.36 million.
“Sunrun is empowering customers by offering clean, affordable and resilient energy options, while also addressing the urgent need to decarbonize our economy to combat climate change,” said Mary Powell, Sunrun’s Chief Executive Officer. “I believe we will have another break-out year in 2022 as we accelerate our efforts to transform our energy system, drive continued innovation and differentiated customer offerings, and deliver sustainable growth to create value for all stakeholders.”
“The Sunrun team continues to execute well, delivering robust growth in our customer base while also delivering a strong improvement in our customer margins during Q3, despite a dynamic supply chain and operating environment,” said Tom vonReichbauer, Sunrun’s Chief Financial Officer. “We remain on track to deliver a strong 2021 and are excited about the trajectory of the business heading into 2022. We believe the strong capital markets, combined with our operating scale and discipline, sets us up well for above-market growth and strong cash generation in 2022.”
For earnings history and earnings-related data on Sunrun (RUN) click here.
