Sunrun reports Q3 pro-forma EPS 40c, consensus (18c)

Reports Q3 revenue $563.18M, consensus $578.54M. “We have sharpened our focus on cash generation and continue to execute a customer-first, sustainable growth strategy that does not require equity funding. We are using challenges from this macroeconomic environment to accelerate our leadership position and tighten our operations,” said Mary Powell, Sunrun’s CEO. “We are fundamentally and rapidly transitioning to a storage-first company, to offer the most pro-consumer product, expand our margins, and lay the foundation for increased value streams from our growing fleet of networked storage systems.”