Overview

* Sunrun ( RUN ) Q2 revenue rises 9% yr/yr, beating analyst expectations, per LSEG data

* Contracted Net Value Creation up 316% yr/yr, driven by 70% storage attachment rate

* Company reports fifth consecutive quarter of positive Cash Generation

Outlook

* Sunrun ( RUN ) expects Q3 Aggregate Subscriber Value of $1.5 bln to $1.6 bln

* Company projects Q3 Contracted Net Value Creation of $275 mln to $375 mln

* Sunrun ( RUN ) sees full-year Aggregate Subscriber Value of $5.7 bln to $6.0 bln

* Company expects full-year Contracted Net Value Creation of $1.0 bln to $1.3 bln

Result Drivers

* STORAGE ATTACHMENT RATE - Customer additions with storage grew 50% in Q2, with a storage attachment rate of 70%, up from 54% year-over-year, boosting Sunrun's ( RUN ) energy capacity for the grid

* COST EFFICIENCIES - Sunrun ( RUN ) reduced creation costs by 4% from last year, with improvements in installation, sales, and overhead costs exceeding 10%, counteracting higher equipment costs

* CASH GENERATION - Achieved fifth consecutive qtr of positive Cash Generation, with $27 mln in Q2, and reiterated 2025 Cash Generation guidance of $200 mln to $500 mln, per CFO Danny Abajian

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $569.30 $554.40

Revenue mln mln (15

Analysts

)

Q2 EPS $1.22

Q2 Net $279.80

Income mln

Q2 $682 mln

Operatin

g

Expenses

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 10 "strong buy" or "buy", 12 "hold" and 2 "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 $12.00, about 21.5% above its August 5 closing price of $9.42

Press Release:

(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.)