Sunrun, a U.S.-based residential solar, battery storage, and energy services company, has announced financial results for the second quarter (Q2) of the calendar year (CY) 2021.
The company’s total revenue in Q2 CY 2021 stood at $401.2 million a 121% year-over-year (YoY) increase compared to $181.29 million in the same period the year before. In the first half of CY 2021, the company’s total revenue was $735.96 million.
In Q2 CY 2021, the company’s net loss attributed to common stockholders was $41.2 million.
The total cost of revenue increased by 124% YoY and stood at $328.9 million, and the total operating expenses were $542.9 million, a 105% YoY increase. Included in the operating costs for Q2 CY 2021 were $12.4 million of non-recurring expenses, including $9.1 million in expenses related to litigation and $3.4 million in restructuring costs regarding the acquisition of Vivint Solar.
In Q2 CY 2021, the company added 26,110 consumers and had 599,743 consumers at the end of June 2021.
According to the financial statement, the company installed 185.6 MW of solar capacity in Q2 CY 2021, and the cumulative solar capacity reached 4.23 GW as of June 30, 2021.
Sunrun, a U.S.-based residential solar, battery storage, and energy services company, has announced financial results for the second quarter (Q2) of the calendar year (CY) 2021.
The company’s total revenue in Q2 CY 2021 stood at $401.2 million a 121% year-over-year (YoY) increase compared to $181.29 million in the same period the year before. In the first half of CY 2021, the company’s total revenue was $735.96 million.
In Q2 CY 2021, the company’s net loss attributed to common stockholders was $41.2 million.
The total cost of revenue increased by 124% YoY and stood at $328.9 million, and the total operating expenses were $542.9 million, a 105% YoY increase. Included in the operating costs for Q2 CY 2021 were $12.4 million of non-recurring expenses, including $9.1 million in expenses related to litigation and $3.4 million in restructuring costs regarding the acquisition of Vivint Solar.
In Q2 CY 2021, the company added 26,110 consumers and had 599,743 consumers at the end of June 2021.
According to the financial statement, the company installed 185.6 MW of solar capacity in Q2 CY 2021, and the cumulative solar capacity reached 4.23 GW as of June 30, 2021.
