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Sunrun (NASDAQ:RUN) +6.8% post-market Wednesday after routing Q3 earnings estimates and revenues rose 44% Y/Y to $632M, as the corporate was in a position to improve the charges it expenses clients rose rather more than its prices.
Sunrun (RUN) mentioned the worth of every subscriber rose to $13,259 in Q3 from $7,910 in Q2
The corporate deployed 256 MW of photo voltaic panels within the quarter, roughly in-line with expectations for 259 MW.
Q3 buyer additions totaled 35,760, rising 21% Y/Y, together with 25,468 subscriber additions; as of the top of September, Sunrun (RUN) mentioned it had 759,937 clients, together with 639,748 subscribers.
Sunrun (RUN) expects photo voltaic power capability put in will improve ~25% for the complete 12 months, and web subscriber worth ought to improve in This autumn from Q3.
Earlier this week, Sunrun (RUN) mentioned it was chosen by Puerto Rico’s electrical utility supplier to assist rebuild and remodel the island’s power system by way of the event of a 17 MW digital energy plant, the primary distributed large-scale storage program on the island.
Sunrun’s (RUN) inventory worth return reveals a 39% YTD loss and a 62% decline in the course of the previous 12 months.
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