Sunrun Inc.


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SKU: RUN-1 Category:


Sunrun Inc. delivered a mixed result in the recent quarter, with revenues below market expectations but surpassed the analyst consensus regarding earnings. During the quarter, Sunrun’s management witnessed a remarkable surge in storage adoption. Cost reductions were aggressively pursued through enhanced process efficiency and a cutting-edge artificial intelligence team, reinforcing the foundation for delivering heightened customer value over time. Notably, Q3 saw 176 megawatt hours of storage capacity installed, marking a 131% YoY increase and a substantial 68% growth from the previous quarter, amassing a total of 1.1 gigawatt-hours nationwide. The storage attachment rate surged to over 33% of installations in Q3, a significant rise from 15% at the beginning of the year. Their team anticipates this percentage to continue its upward trajectory, presenting a potent opportunity for expansive growth in clean energy generation across the United States. The launch of the storage retrofit offering in Q4 has yielded promising early results, laying the groundwork for substantial storage volume installations among existing customers in the upcoming quarters. Despite challenges in the Californian market due to policy changes, Sunrun launched its new add-on storage product for solar clients in California.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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