Sunrun Eyes 16.2% Q4 Revenue Gain After 34.9% Q3 Growth
Last quarter Sunrun delivered $724.6 million in revenue, up 34.9% year on year, adding 32,833 customers to reach 1.14 million. Analysts forecast 16.2% revenue growth for Q4, while peers like Bloom Energy grew revenues 35.9% and Sunrun holds an average analyst target of $22.19.
1. Q3 Performance Recap
Sunrun reported $724.6 million in Q3 revenue, marking a 34.9% increase year on year. The company added 32,833 customers to reach a total of 1.14 million and delivered a solid beat of both analysts’ ARR and EBITDA estimates.
2. Q4 Expectations
Analysts covering Sunrun anticipate 16.2% year-on-year revenue growth in Q4, a notable improvement from flat revenue in the same quarter last year. Consensus estimates have remained stable over the past month, signaling confidence in the company’s growth trajectory.
3. Peer Context and Market Sentiment
Bloom Energy posted 35.9% revenue growth and American Superconductor saw a 21.4% increase in Q4, providing a backdrop for Sunrun’s upcoming results. Renewable energy stocks have risen 5.3% on average over the past month, while Sunrun shares are down 3.4%, with an average analyst target of $22.19.