Sunrun Reports First Quarter 2019 Financial Results
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Sunrun (RUN) Misses Q1 EPS by 29c, Revenues Beat
May 8, 2019 4:38 PM EDTSunrun (NASDAQ: RUN) reported Q1 EPS of ($0.12), $0.29 worse than the analyst estimate of $0.17. Revenue for the quarter came in at $194.5 million versus the consensus estimate of $167.88 million.
First Quarter 2019 GAAP Results
Total revenue grew to $194.5 million in the first quarter of 2019, up $50.1 million, or 35% from the first quarter of 2018. Customer agreements and incentives revenue grew 49% year-over-year to $99.9 million. Solar energy systems and product sales increased 22% year-over-year to $94.7 million.Total cost of revenue was $147.3 million, an increase... More