Sunrun reports second quarter 2024 financial results

Cash generation of $217 million in q2, including working capital recovery introducing cash generation guidance of $350 million to $600 million in 2025; reiterating cash generation guidance of $50 million to $125 million in q4 ($200 million to $500 million annualized) storage capacity installed of 265 megawatt hours in q2, exceeding high-end of guidance range and representing 152% year-over-year growth, as storage attachment rates reach 54% solar energy capacity installed of 192 megawatts in q2, within the prior guidance range, reaching 7.1 gigawatts of networked solar energy capacity net earning assets increases to $5.7 billion, including over $1 billion in total cash san francisco, aug. 06, 2024 (globe newswire) -- sunrun (nasdaq: run), the nation's leading provider of clean energy as a subscription service, today announced financial results for the quarter ended june 30, 2024. “in the second quarter we again set new records for both storage installation and attachment rates, further differentiating sunrun in the industry, beating the high-end of our storage installation guidance and delivering solid quarter-over-quarter growth for solar installation, cash generation and net subscriber value,” said mary powell, sunrun's chief executive officer.
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