Overview

• Sunrun Q3 revenue grows 35% yr/yr, beating analyst expectations

• Company achieves sixth consecutive quarter of positive cash generation

• Sunrun's storage attachment rate rises to 70% from 60% yr/yr

Outlook

• Sunrun expects Q4 2025 Aggregate Subscriber Value between $1.33 bln and $1.63 bln

• Full-year 2025 Aggregate Subscriber Value forecasted at $5.7 bln to $6.0 bln

• Sunrun projects Q4 2025 Contracted Net Value Creation between $182 mln and $482 mln

• Full-year 2025 Contracted Net Value Creation expected at $1.0 bln to $1.3 bln

• Sunrun anticipates Q4 2025 Cash Generation between $60 mln and $260 mln

• Full-year 2025 Cash Generation forecasted at $250 mln to $450 mln

Result Drivers

• STORAGE-FIRST STRATEGY - Sunrun reports 20% growth in customer additions with storage, with a storage attachment rate rising to 70% in Q3

• CAPITAL MARKETS EXECUTION - Sunrun raised $1.4 bln in senior non-recourse debt through securitizations, demonstrating strong capital markets access

• DISPATCHABLE POWER PLANTS - Sunrun's home-to-grid power plants enrolled 106,000 customers, showing over 300% growth yr/yr

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy", 10 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the renewable energy equipment & services peer group is "buy"

• Wall Street's median 12-month price target for Sunrun Inc is $21.00, about 2% above its November 5 closing price of $20.59

Press Release: ID:nGNXc7LmH0

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)