Sunrun (NASDAQ: RUN), a leading residential solar and energy services provider, saw its shares soar 5.88% in Thursday trading following the release of its exceptional first-quarter 2025 financial results. The company's performance significantly surpassed analysts' expectations, demonstrating robust growth and a remarkable turnaround to profitability.

Sunrun reported quarterly earnings of $0.20 per share, a stark contrast to the analyst consensus estimate of a $0.37 loss and a significant improvement from the $0.40 loss per share recorded in the same quarter last year. Revenue for Q1 reached $504.3 million, beating the estimated $486.09 million and marking a 10% increase year-over-year. The company's strong performance was further underscored by its net income of $50 million for the quarter and positive cash generation of $56 million, marking its fourth consecutive quarter of positive cash flow.

Growth metrics were equally impressive, with 23,692 new subscribers added in Q1, a 7% increase from the same period last year. Notably, Sunrun's storage attachment rate reached a record 69%, up from 50% in Q1 2024, indicating strong demand for its integrated solar and battery solutions. The company also provided an optimistic outlook for Q2 and reiterated its full-year 2025 cash generation guidance of $200 million to $500 million, signaling confidence in sustained growth and profitability. This stellar performance and positive future outlook have clearly resonated with investors, driving the significant stock price surge.