Sunrun's earnings call highlighted strong storage attachment rates, positive cash generation, and debt reduction, indicating solid financial health and strategic execution. However, challenges such as slower ramp in domestic content ITC adders, flat solar installation growth, and higher capital costs were noted as areas of concern.

Company Guidance

During the Sunrun Fourth Quarter and Full-year 2024 Earnings Conference Call, the company provided guidance for 2025, highlighting several key metrics reflecting their strategic direction and financial health. Sunrun expects cash generation to range between $200 million and $500 million in 2025, with a commitment to pay down $100 million or more in recourse debt. The company plans to maintain storage attachment rates around 66% and anticipates a 44% weighted average investment tax credit (ITC) level. Sunrun achieved a storage attachment rate of 62% in Q4 2024 and installed 392 megawatt-hours of storage, representing a 78% increase year-over-year. They also successfully supported power grids with a combined instantaneous peak of nearly 80 megawatts through their virtual power plants. Sunrun's net earning assets reached $6.8 billion at the end of Q4, up $536 million from the previous quarter. Despite challenges such as rapid increases in interest rates and changes in state regulations, Sunrun remains focused on high-value geographies, cost efficiency, and innovative products to drive cash generation and deliver shareholder value.

Record High Storage Attachment Rates

Sunrun installed storage for 62% of new customers, an increase of 17 percentage points from a year ago, and installed 392 megawatt hours of storage in Q4, up 78% from a year ago.

Positive Cash Generation

Sunrun posted positive cash generation for three consecutive quarters, with $34 million generated in Q4, and expects continued positive cash generation throughout 2025.

Debt Reduction

Sunrun paid down its parent debt by $186 million since Q1 of last year and plans to pay down $100 million or more in recourse debt in 2025.

Strong Grid Service Programs

Sunrun's virtual power plants supported power grids across the country with a peak capacity of nearly 80 megawatts, with 16 grid service programs active and over 20,000 customers participating.

Increased Annual Recurring Revenue

Annual Recurring Revenue stood at over $1.6 billion, up 23% over the same period last year, with an average contract life remaining of nearly 18 years.

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Sunrun (RUN) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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RUN Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Apr 30, 2025	2025 (Q1)	-0.37 / -	-0.4	―	―	―
Feb 27, 2025	2024 (Q4)	-0.29 / -12.51	-1.6	-681.88% (-10.91)
Nov 07, 2024	2024 (Q3)	-0.09 / -0.37	-4.92	92.48% (+4.55)
Aug 06, 2024	2024 (Q2)	-0.33 / 0.55	0.25	120.00% (+0.30)
May 08, 2024	2024 (Q1)	-0.37 / -0.40	-1.12	64.29% (+0.72)
Feb 21, 2024	2023 (Q4)	-0.21 / -1.60	0.29	-651.72% (-1.89)
Nov 01, 2023	2023 (Q3)	-0.10 / -4.92	0.96	-612.50% (-5.88)
Aug 02, 2023	2023 (Q2)	-0.24 / 0.25	-0.06	516.67% (+0.31)
May 03, 2023	2023 (Q1)	-0.12 / -1.12	-0.42	-166.67% (-0.70)
Feb 22, 2023	2022 (Q4)	<0.01 / 0.29	-0.19	252.63% (+0.48)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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RUN Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 27, 2025	$7.91	$7.25	-8.34%
Nov 07, 2024	$11.60	$10.23	-11.81%
Aug 06, 2024	$16.49	$18.31	+11.04%
May 08, 2024	$11.51	$12.41	+7.82%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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