Sunrun’s Q2 net margin loss improved from (10.2%) to (2.1%) YoY – while decreasing its current liabilities via /r/wallstreetbets #stocks #wallstreetbets #investing


Sunrun’s Q2 net margin loss improved from (10.2%) to (2.1%) YoY – while decreasing its current liabilities

Sunrun Inc (NSQ: RUN) is engaged in the development, installation, and sale of photovoltaic solar energy generation systems and battery energy storage products, primarily for residential customers. The company was established in 2007 and is headquartered in San Francisco, California.

For its Q2, Sunrun reported $584.6m in revenue and a net loss of ($12.5m) – representing a net margin loss of (2.1%). Compared to last year's quarter, the company increased revenue by 45.9% and reduced its net losses by 69.8% – which was previously a net margin loss was (10.2%).

Reflecting on 2021, Sunrun eventually broke into a net profit for its Q3, with a net income of $2.3m. This represented a net margin of 5.5%.

Regarding Sunrun's liquidity, margins looked to be easing and achieved new records.

In the short term, the current assets and current liabilities can measure a company's ability to pay short-term debt or obligations due within one year. Sunrun's liquidity percentage in Q2 was 58.3% (current liabilities/current assets). This compared to last year's quarter, which was a cautious 80%.

Despite cash levels having fallen from $680m to $522m over the last year, total assets ramped up to a record $17,801m – with their total liabilities increasing at a slower rate in comparison.

Their long-term liquidity margin for Q2 was 56.1% – improving from last year's quarter of 60.1% despite total liabilities being higher.

https://www.ecoshares.io/post/sunrun-q2-shows-improvements

Submitted August 05, 2022 at 07:52PM by ecoshares
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