Sunrun’s Quarterly Results Impress, Shares Rise 6.8%

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Sunrun ($NASDAQ:RUN) is a company that provides solar panel installation and lease financing. The company’s shares rose by 6.8% in the post-market on Wednesday after it released its quarterly results, which were much better than expected. Revenues rose by 44% year-on-year to $632 million, as the company was able to increase the rates it charges customers much more than its costs. Sunrun said the value of each subscriber rose to $13,259 in the third quarter from $7,910 in the second quarter.

The company deployed 256 megawatts of solar panels in the quarter, roughly in line with expectations for 259 megawatts. This beat was driven by strong growth in both its customer base and average revenue per customer. The company is well-positioned to continue growing rapidly as the solar industry expands.

Earnings

This represents a 21.4% increase in total revenue compared to the same quarter last year. Sunrun’s shares have risen 6.8% on the news, as investors are impressed by the company’s continued growth. This is a testament to the company’s success in the solar energy industry. Sunrun is the leading provider of residential solar energy in the United States. The company offers solar leasing, solar panel installation, and solar financing products to homeowners.

Sunrun has a strong presence in California, Hawaii, and Massachusetts. The company’s strong quarterly results are a positive sign for the future of Sunrun. With continued growth in the solar industry, Sunrun is well-positioned to be a leader in the space for years to come.

Share Price

Sunrun’s quarterly results were impressive, and shares rose 6.8% on Wednesday. The stock opened at $22.6 and closed at $21.7, down 4.0% from the prior closing price of $22.6. Despite the drop, the company’s results were better than expected and investors were pleased with the overall performance.

VI Analysis

SUNRUN INC is a high risk investment in terms of financial and business aspects, according to VI Risk Rating. The company has 4 risk warnings in income sheet, balance sheet, cashflow statement, and non financial. However, the company’s fundamentals reflect its long term potential.

VI 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. is a provider of residential solar energy services in the United States. The company operates in two segments, Solar Energy Services and Home Solar. It offers solar energy systems to homeowners through various channels, including direct sales, partner-branded programs, and online channels. The company also sells solar energy systems and products to home improvement retailers, such as Home Depot and Lowe’s.