Sunrun reports Q2 EPS $1.07 vs. 55c last year

Reports Q2 revenue $569.34M, consensus $560.29M. “We are delivering the best product and experience for customers, underwriting volumes with strong unit margins, driving cost and efficiency improvements, and growing our generation capabilities as the nation’s largest distributed power plant operator, hitting records this summer in providing energy capacity for the grid. This focus resulted in Sunrun (RUN) setting a new record in the second quarter for Contracted Net Value Creation as we achieved an all time high 70% storage attachment rate. Not only is Sunrun providing Americans with the reliable and affordable energy they need to power their lives, we are scaling our generation business, and helping to stabilize the electricity grid while we do it,” said Mary Powell, Sunrun’s Chief Executive Officer. “Sunrun is the largest home-to-grid distributed power plant operator in the country, providing critical utility-scale grid services. Just last month our home-to-grid resources were dispatched to avoid rolling blackouts as traditional power plants failed and demand for electricity was peaking.”