With the release of its Q2 results, Sunrun has solidified its position as a leader in the U.S. residential solar market.
The company deployed over 91 megawatts of solar capacity adding more than 12,000 customers leading to a 20 percent year-over-year growth.
This last quarter was the companies largest in terms of installation volume.
The company’s revenue jumped 30.5 percent to $170.5 million and net income dropped 59.6 percent to $7.4 million, or $0.06 per share.
The biggest driver of declining net income was a 40.4 percent increase in sales and marketing costs to $49.2 million.