Sunrun (NASDAQ: RUN) reported Q1 EPS of ($1.12), $0.96 worse than the analyst estimate of ($0.16). Revenue for the quarter came in at $589.8 million versus the consensus estimate of $520.79 million.

Outlook

Management’s focus is on leading the market through sustainable and profitable growth, prioritizing unit cash generation capabilities, while prudently managing working capital needs.

Management continues to expect Solar Energy Capacity Installed growth to be in a range of 10% to 15% for the full year 2023. Management currently sees more upside opportunity than downside risk to achieving growth in this range and anticipates market share gains in 2023.

Management expects Solar Energy Capacity Installed growth to be in a range of 270 to 290 Megawatts in the second quarter of 2023.

Net Subscriber Value is expected to increase sequentially in the second quarter and to be materially higher in the second half of 2023 compared to the first half of 2023.

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