Sunrun Q1 solar installations drop to 177MW, reduces 2024 solar addition targets
- Admin
- May 9, 2024
- 1 min read
Sunrun, a US residential solar and storage company, reported a narrowed net loss in Q1 2024 but a drop in solar capacity additions for the fourth consecutive quarter. Despite the decrease in customer and capacity additions, the company's net loss decreased significantly. The CEO, Mary Powell, is confident in strong growth in installation activities. The CFO, Danny Abajian, expects a decline in full-year 2024 target. Sunrun expects installed solar capacity to be between 190MW and 200MW in Q2 2024 with growth in storage capacity as well.
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