Sunrun (NASDAQ: RUN), a leading provider of residential solar and energy services, saw its stock surge 11.50% in pre-market trading on Thursday following the release of its impressive first-quarter 2025 financial results. The company significantly outperformed analysts' expectations, demonstrating robust growth and improved profitability.

The solar energy company reported quarterly earnings of $0.20 per share, beating the analyst consensus estimate of a $0.37 loss. Revenue for Q1 reached $504.3 million, surpassing the estimated $486.09 million and marking a 10% increase year-over-year. Sunrun'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.

Sunrun's growth metrics were equally impressive, with 23,692 new subscribers added in Q1, a 7% increase from the same period last year. The company's storage attachment rate reached a record 69%, up from 50% in Q1 2024, indicating strong demand for its integrated solar and battery solutions. Looking ahead, Sunrun 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.