Sunrun Q2 revenue falls 11% to $523.9 million; net income rises to $139.1 million
Sunrun reported second-quarter 2024 results on August 6, 2024. Total revenue fell 11% year over year to $523.9 million, while net income attributable to common stockholders rose to $139.1 million, or $0.55 per diluted share, and the company raised its full-year 2024 storage installation guidance and introduced 2025 cash generation guidance of $350 million to $600 million. A separate filing disclosed that a July 31, 2024 accordion exercise raised commitments under its senior secured credit facility to $2.63 billion.
Key points
- Total revenue was $523.9 million in Q2 2024, down $66.3 million, or 11%, from Q2 2023.
- Net income attributable to common stockholders was $139.1 million, or $0.55 per diluted share, versus $55.5 million, or $0.25 per diluted share, in Q2 2023.
- Full-year 2024 storage capacity installed guidance was raised to 1,030 to 1,100 megawatt hours from 800 to 1,000; 2025 cash generation guidance of $350 million to $600 million was introduced.
- On July 31, 2024, a subsidiary exercised an accordion under the credit facility, bringing commitments to $2.63 billion.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:56 AM ET, from the text of the filing and its press-release exhibits 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 August 06, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.