Sunrun (RUN) Misses Q1 EPS by 25c, Revenue Beats

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Sunrun Reports First Quarter 2022 Financial Results

May 4, 2022 4:02 PM EDT

27% growth in Solar Energy Capacity Installed in Q1, exceeding guidance

Strong customer order trends, increasing 39% year-over-year

Customer Additions of 29,463 in Q1, bringing total Customers to 689,774, 20% year-over-year growth in Customers

Increasing full-year guidance to over 25% growth in Solar Energy Capacity Installed

Annual Recurring Revenue of $883 Million with Average Contract Life Remaining of 17.4 years

Net Earning Assets of $4.5 billion, including $863 million in Total Cash

Networked Solar Energy Capacity of 4.9 Gigawatts

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