Sunrun Q1 revenue falls 22% to $458.2 million; net loss narrows to $87.8 million
Sunrun reported first-quarter 2024 revenue of $458.2 million, down 22% from a year earlier, as more customers chose subscription agreements that recognize revenue over time. Net loss attributable to common stockholders narrowed to $87.8 million, or $0.40 per share, from $240.4 million, or $1.12 per share, a year earlier. The company cut its full-year 2024 solar installation and value-generated guidance while reiterating its cash generation target, which matters to shareholders because the revenue decline and lower guidance weigh against the narrower loss.
Key points
- Total revenue was $458.2 million, down $131.6 million or 22% from Q1 2023; customer agreements and incentives revenue rose 31% to $323.0 million.
- Net loss attributable to common stockholders was $87.8 million, or $0.40 per share, versus $240.4 million, or $1.12 per share, in Q1 2023.
- Full-year 2024 Solar Energy Capacity Installed guidance was cut to a 15% decline to flat growth, from -5% to +5%.
- Cash Generation was negative $311 million in Q1; management reiterated a $200 million to $500 million annualized run-rate target for Q4 2024.
The filing
Written by AI on Nov 8, 2026, 6:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 08, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.