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Sunrun Says Total Value Generated Is Expected To Grow By Over 10% For The FY24 Driven By Higher Subscriber Values And Lower Input Costs, A Reduction Of 5% From Our Prior Guidance

Benzinga ·  May 8 19:02

Solar Energy Capacity Installed is expected to be in a range reflecting a decline of 15% to flat growth for the full-year 2024, a reduction from our prior guidance range of -5% to +5% growth.

Solar Energy Capacity Installed is expected to be in a range of 190 to 200 Megawatts in the second quarter of 2024.

Total Value Generated is expected to grow by over 10% for the full-year 2024 driven by higher Subscriber Values and lower input costs, a reduction of 5% from our prior guidance.

Management is reiterating guidance of positive Cash Generation cumulatively from 4Q 2023 through 4Q 2024 and to reach an annualized Cash Generation run-rate of $200 million to $500 million in the fourth quarter of 2024, subject to the assumptions outlined in our accompanying presentation.

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