$Sunrun overtook Tesla as leading US residential PV installer (public listed) in the second quarter of 2018. The seasonally weak first quarter played its part with both competitors as Sunrun’s deployments fell from 115MW to 86MW but a fraction higher than previously guidance of 83MW to 85MW. Image: Sunrun$

Leading US residential PV installer, Sunrun reported deployments of 86MW in the first quarter of 2019, a 27% year-over-year increase that was in stark contrast with former leading installer, Tesla that recently reported deployments of 47MW for the same quarter.

Sunrun overtook Tesla as leading US residential PV installer (public listed) in the second quarter of 2018. The seasonally weak first quarter played its part with both competitors as Sunrun’s deployments fell from 115MW to 86MW but a fraction higher than previously guidance of 83MW to 85MW.

Try Premium for just $1

Full premium access for the first month at only $1
Converts to an annual rate after 30 days unless cancelled
Cancel anytime during the trial period

Start $1 Trial

Premium Benefits

Expert industry analysis and interviews
Digital access to PV Tech Power journal
Exclusive event discounts

Or get the full Premium subscription right away

Get Premium Subscription

Or continue reading this article for free

Get Basic (FREE) Subscription

Sunrun reported deployments of 86MW in the first quarter of 2019, a 27% year-over-year increase that was in stark contrast with former leading installer, Tesla that recently reported deployments of 47MW for the same quarter.

As a result, revenue in the reporting quarter was US$194.5 million, up US$50.1 million, or 35% from the first quarter of 2018 but significantly lower than the US$240.1 million record set in the previous quarter.

Sunrun reported first quarter 2019 revenue of US$194.5 million.

Lynn Jurich, Sunrun’s Chief Executive Officer and co-founder said, “Sunrun is proud of our 242,000 customers who are helping to create a resilient and decarbonized energy system. We exceeded our deployment guidance in Q1 and are raising our margin target for the full year. At the same time, we are investing in a superior experience for our customers and advanced services that will build our future energy system.”

Sunrun reported that its total cost of revenue was US$147.3 million in the quarter, an increase of 24% year-over-year. Total operating expenses were US$238.7 million, an increase of 19% year-over-year.

Net loss attributable to common stockholders was US$13.9 million in the first quarter of 2019.

Guidance

Sunrun said that it expect deployments in the second quarter of 2019, to be in the range of 102MW to 104 MW. This compares to prior year quarter deployments of 91MW.

Deployments for the full-year were reiterated to be in the range of a 16 to 18% increase from the prior year, or 434MW to 441MW.

UPCOMING EVENT

PV ModuleTech USA 2026

16 June 2026

Napa, USA

PV Tech has been running PV ModuleTech Conferences since 2017. PV ModuleTech USA, on 16-17 June 2026, will be our fifth PV ModulelTech conference dedicated to the U.S. utility scale solar sector. The event will gather the key stakeholders from solar developers, solar asset owners and investors, PV manufacturing, policy-making and and all interested downstream channels and third-party entities. The goal is simple: to map out the PV module supply channels to the U.S. out to 2027 and beyond.