Sunrun’s (NASDAQ:RUN) Q3 Sales Top Estimates But Stock Drops

• Revenue: $724.6 cardinal vs expert estimates of $592 cardinal (34.9% year-on-year growth, 22.4% beat)

• EPS (GAAP): $0.06 vs expert expectations of $0.14 (58.2% miss)

• Adjusted EBITDA: $214.8 cardinal vs expert estimates of $74.77 cardinal (29.6% margin, important beat)

• Cash Generation guidance for 2025: $350 cardinal midpoint reiterated

• Operating Margin: 0.5%, up from -23.8% successful the aforesaid 4th past year

• Free Cash Flow was -$865.2 cardinal compared to -$156.4 cardinal successful the aforesaid 4th past year

• Customers: 1.14 million, up from 1.11 cardinal successful the erstwhile quarter

• Market Capitalization: $4.75 billion

“Our strategical absorption connected providing Americans a mode to execute vigor independency is yielding beardown results. We are generating currency portion increasing our lawsuit basal astatine a steadfast rate. We are continuing to pb the manufacture with superior vigor offerings for our customers, allowing them to powerfulness done grid outages and support their households from rising vigor costs, portion we are besides gathering captious vigor infrastructure the state needs arsenic vigor request grows astatine a accelerated rate,” said Mary Powell, Sunrun’s Chief Executive Officer.

Helping homeowners usage star vigor to powerfulness their homes, Sunrun (NASDAQ:RUN) provides residential star electricity, specializing successful sheet installation and leasing services.

A company’s semipermanent show is an indicator of its wide quality. Any concern tin acquisition short-term success, but top-performing ones bask sustained maturation for years. Over the past 5 years, Sunrun grew its income astatine an unthinkable 22.3% compounded yearly maturation rate. Its maturation bushed the mean industrials institution and shows its offerings resonate with customers.

Long-term maturation is the astir important, but wrong industrials, a half-decade humanities presumption whitethorn miss caller manufacture trends oregon request cycles. Sunrun’s caller show shows its request has slowed importantly arsenic its gross was level implicit the past 2 years.

We tin amended recognize the company’s gross dynamics by analyzing its fig of customers, which reached 1.14 cardinal successful the latest quarter. Over the past 2 years, Sunrun’s lawsuit basal averaged 13.4% year-on-year growth. Because this fig is amended than its gross growth, we tin spot the mean lawsuit spent little wealth each twelvemonth connected the company’s products and services.