Sunrun Inc Reports Fourth Quarter Earnings for FY2022 on February 22, 2023
April 6, 2023
Earnings Overview
On February 22 2023, SUNRUN INC ($NASDAQ:RUN) reported their fourth quarter FY2022 earnings results, with revenue of USD 63.0 million, a year-on-year increase of 263.6%, and net income of USD 609.1 million, a year-on-year growth of 40.0%.
Transcripts Simplified
SunRun achieved greater than 16,000 in Q4 and guided to greater than or approximately $10,000 in Q1 due to a discount rate switch from 5% to 6%. Without the switch, the guidance would have been over $13,000 per customer in Q1. There is a normal seasonal decline in installation volume between Q4 and Q1, leading to reduced operating cost leverage in the period.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Sunrun Inc. More…
| Total Revenues | Net Income | Net Margin |
| 2.32k | 173.38 | 7.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Sunrun Inc. More…
| Operations | Investing | Financing |
| -848.79 | -2.09k | 3.04k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Sunrun Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 19.27k | 11.09k | 31.32 |
Key Ratios Snapshot
Some of the financial key ratios for Sunrun Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 39.3% | – | -17.3% |
| FCF Margin | ROE | ROA |
| -123.2% | -3.8% | -1.3% |
Stock Price
The stock opened at $24.0 and closed at $24.1, up 0.8% from the previous closing price of 23.9. This marked their highest closing value since late January. The increase in stock price was prompted by an impressive set of financial results for the company.
Overall, Sunrun’s Q4 results were highly encouraging and reflect the success of the company’s ongoing efforts to expand its products and services. Investors responded positively to the news, driving up Sunrun’s stock price and setting the stage for continued growth in the coming months. Live Quote…
Analysis
As GoodWhale, we have conducted an analysis of SUNRUN INC‘s well-being and according to our Risk Rating, SUNRUN INC is a high risk investment in terms of financial and business aspects. We have detected 5 risk warnings that appear in the income sheet, balance sheet, cashflow statement, non financial and financial journal. This means that investors need to be aware that there are certain risks associated with investing in SUNRUN INC. To gain access to the detailed analysis of these risks, users must become a registered GoodWhale user. We encourage interested investors to take advantage of this opportunity to understand the possible risks of an SUNRUN INC investment. More…
Peers
The solar industry is highly competitive, with companies constantly vying for market share. Sunrun Inc is one of the leading solar companies, and its main competitors are Canadian Solar Inc, SolarEdge Technologies Inc, and Enphase Energy Inc. All of these companies are fighting for a piece of the pie, and each has its own unique strengths and weaknesses.
– Canadian Solar Inc ($NASDAQ:CSIQ)
As of 2022, Canadian Solar Inc has a market cap of 1.95B and a Return on Equity of 9.55%. The company is a leading manufacturer of solar photovoltaic modules and provider of solar energy solutions. It has a strong presence in the global solar market with a manufacturing capacity of 2.4 GW and sales operations in over 70 countries. Canadian Solar is committed to providing high-quality solar products and services to customers around the world.
– SolarEdge Technologies Inc ($NASDAQ:SEDG)
SolarEdge Technologies Inc is a provider of solar power harvesting and monitoring solutions. The company’s market cap as of 2022 is 11.28B and its ROE is 8.11%. SolarEdge’s solutions enable the maximization of solar power generation while minimizing the cost of energy for residential, commercial, and utility-scale customers.
– Enphase Energy Inc ($NASDAQ:ENPH)
Enphase Energy Inc is a publicly traded company that designs, manufactures and sells microinverters for the solar photovoltaic industry. It has a market capitalization of $34.14 billion as of 2022 and a return on equity of 58.92%. The company’s products are used in residential, commercial and utility-scale solar photovoltaic systems. Enphase Energy was founded in 2006 and is headquartered in Fremont, California.
Summary
SUNRUN INC reported their financial results for the fourth quarter of FY2022 on February 22 2023. The company saw a significant increase in both revenue and net income compared to the same period last year, with total revenue reaching USD 63.0 million, a 263.6% year-over-year increase, and net income reaching USD 609.1 million, a 40.0% year-over-year increase. This suggests that SUNRUN INC’s investments have been paying off and the company is in a strong position to continue growth in the future. Investors should look favorably upon these results and consider investing in SUNRUN INC as it appears to be a good long-term bet.
Related Posts
Recent Posts
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
