Connect with us

Hi, what are you looking for?


Clean Power

Sunrun Shows Strong Growth In Second Quarter Earnings

Newly-public residential solar provider Sunrun has shown strong growth in its second quarter, its first following its IPO in August.

sunrunSunrun, which declares itself “the largest dedicated residential solar company in the United States,” revealed that it had booked 61.2 MW in the second quarter, an increase of 59% on the first quarter of 2015, and a 70% growth year-over-year. The company deployed a total of 42.4 MW, which represented a growth of 76% year over year, and brings the company’s cumulative deployment up to 472.5 MW.

“2015 has been an exciting year for Sunrun. We gained momentum towards our goal of creating the industry’s most valuable and satisfied customer base,” said Lynn Jurich, Sunrun’s CEO. “We ended the quarter with approximately 87,000 customers and a 60% increase in our quarterly NPV to $37.2 million, which we achieved through accelerated reductions in creation costs.”

Net Present Value (NPV) hit $37.2 million, which was a 60% increase over the first quarter of the year, which stood at $23.3 million.

The company provided relatively moderate guidance for the third quarter and full year, expecting between 54 and 55 MW deployed in the third quarter, which it says “represents 81% organic growth year-over-year at the midpoint.” For the full year, Sunrun expects the total deployed capacity to be in the range of 205 MW.

As of a July report from GTM Research, Sunrun is currently the third residential solar financier in the US, behind SolarCity and Vivint Solar. The report’s primary conclusion was that 72% of the 1.2 GW of residential solar installed in the US was third-party owned, with Sunrun taking in 10% of that total (behind SolarCity’s 34% and Vivint Solar’s 12%).

Appreciate CleanTechnica’s originality and cleantech news coverage? Consider becoming a CleanTechnica Member, Supporter, Technician, or Ambassador — or a patron on Patreon.

Don't want to miss a cleantech story? Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!

Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.
Written By

I'm a Christian, a nerd, a geek, and I believe that we're pretty quickly directing planet-Earth into hell in a handbasket! I also write for Fantasy Book Review (, and can be found writing articles for a variety of other sites. Check me out at for more.


You May Also Like


For the past two years, East Bay Community Energy (EBCE), one of the nation’s top clean energy providers, and Sunrun, the largest home solar and...


The heatwave that’s been hitting California and other states in the West has been a beast of a problem. It’s crippling grids, which even...


Lunar Energy has just raised $300 million to help launch its fully integrated rooftop solar and battery storage systems.


A new energy company founded by a former top Tesla Energy exec just jumped out of stealth mode, and it has an interesting angle...

Copyright © 2021 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.