Sunrun Returns to Growth After Pandemic Solar Slowdown

Sunrun Returns to Growth After Pandemic Solar Slowdown
Alison Yin/Invision for Sunrun/AP Images

Leading U.S. rooftop solar installer Sunrun has bounced back from the slump it experienced at the height of coronavirus shutdowns.

The company installed 109.5 megawatts in the third quarter, up 40 percent from 78.1 MW in the second quarter. That installed capacity also marked a 2 percent increase over Q3 of 2019.

That means Sunrun is back in growth territory after the coronavirus crisis put a pause on in-person sales and some installation work earlier this year. But the company has more work to do to get back to its pre-pandemic trajectory. 

Company leadership predicted Thursday that deployments would rise 10 percent in the fourth quarter of this year to 121.5 MW, which would beat its previous record of 117 MW in Q4 2019. But that would still see the company fall short of the 11 percent annual growth in deployment it achieved in 2019. 

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