Sunrun reports Q1 EPS 62c, consensus (5c)

Reports Q1 revenue $722.23M, consensus $638.56M. “Sunrun (RUN) is the nation’s leading residential distributed power plant operator, delivering reliable energy to American homes and helping stabilize the grid. Many companies are struggling to navigate the changes reshaping our industry; these market dislocations occurring around us present opportunities that play directly into Sunrun’s strengths. We believe that our subscription model, vertical integration, balance sheet, and scale are competitive advantages. With over 1.1 million customers and the largest residential battery fleet in the country, we are well positioned to capitalize on this moment,” said Mary Powell, Sunrun’s Chief Executive Officer.