Sunrun (RUN) Q3 2021 earnings

Sunrun solar.

Supply: Sunrun

Sunrun said Thursday that its revenue all through the third quarter far more than doubled yr in excess of year as the company’s shopper depend topped 600,000.

Shares of the company dipped as considerably as 2% throughout prolonged buying and selling on Thursday.

This is how Sunrun did compared to analysts’ expectations, as compiled by Refinitiv:

  • Earnings: 11 cents for each share
  • Profits: $439 million vs $414 million anticipated

Wall Avenue analysts had been expecting the organization to generate 1 cent for each share. It was not instantly obvious regardless of whether the reported number is equivalent to estimates.

The 3rd-quarter success review with a decline of 20 cents for every share on earnings of $401 million in Q2, and EPS of 28 cents per share on profits of $210 million in the 12 months-back quarter. Working losses also more than doubled from a yr in the past, jumping from $62 million to $138 million.

The comparisons had been affected by Sunrun’s acquisition of Vivid Photo voltaic in July 2020, which shut October 2020. The transfer solidified Sunrun’s place as the major household installer in the U.S.

The company stated it included 30,698 consumers during the 3rd quarter, bringing its whole shopper count to 630,441. For the complete calendar year Sunrun expects Photo voltaic Electrical power Capacity Set up expansion to be 30%, professional-forma for Vivint Solar.

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