What caused RUN's earnings to miss forecasts in Q3?

Sunrun Inc. (RUN) missed earnings forecasts in Q3 due to a combination of factors: 1. **Revenue Shortfall**: Sunrun's revenue fell by 4.5% year-over-year, coming in at $537 million, below the consensus estimate of $565.6 million. This decline in revenue was likely a significant contributor to the earnings shortfall. 2. **Increased Expenses**: The company's net loss for Q3 was $83.8 million, with a loss of $0.37 per share. This loss was exacerbated by higher expenses, which squeezed margins and reduced profitability. 3. **Strategic Investments**: Sunrun has been actively investing in expanding its storage capacity and virtual power plant initiatives, such as the partnership with PG&E. While these investments are crucial for long-term growth, they can be costly in the short term, impacting immediate profitability. In summary, Sunrun's Q3 earnings miss was likely a result of a combination of lower-than-expected revenue and increased expenses, possibly exacerbated by strategic investments.