Overview

* Sunrun ( RUN ) Q3 revenue grows 35% yr/yr, beating analyst expectations

* Company achieves sixth consecutive quarter of positive cash generation

* Sunrun's ( RUN ) storage attachment rate rises to 70% from 60% yr/yr

Outlook

* Sunrun expects Q4 2025 Aggregate Subscriber Value between $1.33 bln and $1.63 bln

* Full-year 2025 Aggregate Subscriber Value forecasted at $5.7 bln to $6.0 bln

* Sunrun projects Q4 2025 Contracted Net Value Creation between $182 mln and $482 mln

* Full-year 2025 Contracted Net Value Creation expected at $1.0 bln to $1.3 bln

* Sunrun anticipates Q4 2025 Cash Generation between $60 mln and $260 mln

* Full-year 2025 Cash Generation forecasted at $250 mln to $450 mln

Result Drivers

* STORAGE-FIRST STRATEGY - Sunrun ( RUN ) reports 20% growth in customer additions with storage, with a storage attachment rate rising to 70% in Q3

* CAPITAL MARKETS EXECUTION - Sunrun ( RUN ) raised $1.4 bln in senior non-recourse debt through securitizations, demonstrating strong capital markets access

* DISPATCHABLE POWER PLANTS - Sunrun's ( RUN ) home-to-grid power plants enrolled 106,000 customers, showing over 300% growth yr/yr

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $724.6 $602 mln

Revenue mln (17

Analysts

)

Q3 EPS $0.06

Q3 Net $16.60

Income mln

Q3 $721 mln

Operatin

g

Expenses

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy", 10 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the renewable energy equipment & services peer group is "buy"

* Wall Street's median 12-month price target for Sunrun Inc ( RUN ) is $21.00, about 2% above its November 5 closing price of $20.59

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)