RUN Earnings Prediction
The chart below shows how RUN performed 10 days before and after its earnings report, based on data from the past quarters. Typically, RUN sees a +0.56% change in stock price 10 days leading up to the earnings, and a +4.05% change 10 days following the report. On the earnings day itself, the stock moves by -0.85%. This data can give you a slight idea of what to expect for the next quarter's release.
RUN Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
537.17M
-4.62%
2.54%
Gross Margin
19.26%
168.62%
6.12%
Operating Margin
-23.79%
-29.28%
-2.66%
Net Margin
-76.73%
-70.62%
54.64%
EPS
-0.37
-92.48%
-167.27%
No Data Available
RUN Earnings Analysis
Sunrun Inc Corporation (RUN.O) Earnings Conference Call
Positive
Customer Milestone Achievement: In Q3, we reached a milestone of 1 million customers, demonstrating significant customer growth.
Storage Capacity Expansion: We installed 336 megawatts of storage capacity in Q3, a 92% increase from the same quarter last year, showcasing strong operational performance.
Annual Recurring Revenue Growth: Our annual recurring revenue (ARR) exceeded $1.5 billion, up 22% year-over-year, indicating robust financial growth.
Storage Systems Demand: We achieved a 60% attachment rate for storage systems during the quarter, reflecting strong demand for our products.
Strong Cash Position: We ended Q3 with over $1 billion in total cash, providing a solid financial foundation for future growth.
Negative
Cash Generation Decline: In Q3, we experienced a decline in cash generation, with a decrease of $32 million from the prior quarter, indicating potential liquidity issues.
Cash Flow Concerns: Total cash at the end of Q3 was over $1 billion, but this reflects a significant drop from previous quarters, raising concerns about cash flow sustainability.
Rising Operating Costs Impact Profitability: Operating costs have increased significantly, leading to a tighter margin environment, which could impact profitability in the upcoming quarters.
Customer Growth Slowdown: Customer growth has slowed, with only approximately 31,900 new additions in Q3, which is a decrease compared to previous quarters, indicating potential market saturation.
Utility Cost Challenges: The company is facing challenges in managing rising utility rates and costs associated with solar and storage equipment, which could affect future profitability.
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RUN Earning Call Sentiment
Sunrun Inc. (RUN) Q3 2024 Earnings Call Transcript
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00:00
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RUN.O
-8.13%Positive
The earnings call reveals strong financial performance with record storage capacity growth (92% YoY), high-end solar capacity guidance met, and significant annual recurring revenue growth (22% YoY). The company also announced a share repurchase, indicating confidence in its financial health. Despite competitive pressures and supply chain challenges, the management's optimistic outlook on virtual power plants and efficient new home market models, along with stable debt management strategies, contribute positively. Given the market cap and positive catalysts, a stock price movement of 2% to 8% is expected.