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Sunrun books $1.3M net loss in Q2'19

Sunrun Inc. on Aug. 7 reported a second-quarter 2019 net loss attributable to common shareholders of $1.3 million, or negative 1 cent per diluted share, compared to net income attributable to common shareholders of $7.4 million, or 6 cents per diluted share, a year ago.

The S&P Global Market Intelligence consensus normalized EPS estimate for Sunrun in the second quarter was 7 cents per share. The S&P Global Market Intelligence consensus GAAP EPS estimate for the quarter was 16 cents.

The company reported 103 MW of capacity deployed during the quarter, up 13% from 91 MW in the same period in 2018.

Creation cost per watt amounted to $3.33, compared to $3.12 a year ago.

Revenue for the quarter grew to $204.6 million, up from $170.5 million in the second quarter of 2018.

The company expects to deploy 107 MW to 110 MW in the third quarter of 2019. For full year 2019, Sunrun continues to expect deployments to grow in a range between 16% and 18% year over year.