Sunrun reports Q1 EPS ($1.12), may not compare to consensus (16c)

Reports Q1 revenue $589.8M, consensus $518.13M. "The Sunrun team is focused on crushing it on the fundamentals, driving strong, profitable and sustainable growth. Demand for clean affordable energy from Sunrun continued to accelerate in the first quarter, with over 30% growth in sales. The strength of Sunrun’s energy subscription offering and leading market presence allowed us to gain significant market share, and these trends are set to accelerate in the quarters ahead," said Mary Powell, Sunrun’s CEO. "Sunrun’s team delivered a strong Q1, meaningfully exceeding both our installation volume and Net Subscriber Value guidance. We are on track to deliver a year of strong growth in 2023 with increasing Net Subscriber Values. A continued focus on operational efficiency and cost discipline, dramatically improving supply chain dynamics and smart execution in the capital markets places us on a path to achieving our goal for meaningful cash generation," said Danny Abajian, Sunrun’s CFO.