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Should You Buy Sunrun (RUN) Following Q2 Earnings Beat?
ZACKS· 2024-08-08 14:10
Sunrun (RUN) recently released its second-quarter 2024 results, wherein both its earnings and revenues comfortably exceeded their respective Zacks Consensus Estimate, backed by solid storage installation and attachment rates. The company was also successful in achieving a notable 13% growth in its customer count, which further strengthened its revenue generation prospects. With an impressive 11% year-over-year increase in its subscriber value, realized in the second quarter, some investors might be eager to ...
RUN Stock Alert: Surprise! Why Sunrun Stock Is Up 17% Today.
Investor Place· 2024-08-07 16:04
Sunrun (NASDAQ:RUN) stock is taking off on Wednesday after the solar power company provided investors with its earnings report for the second quarter of 2024. That report starts with the company's diluted earnings per share of 55 cents. That's a massive surprise for RUN stockholders when Wall Street was expecting EPS of -40 cents for the quarter. It's also a jump from the 25 cents reported in the same period of the year prior. Adding to this is Sunrun's revenue of $523.87 million for Q2 2024. This is above ...
Sunrun Stock Shines on Earnings, Tesla Team-Up
Schaeffers Investment Research· 2024-08-07 15:11
Sunrun Inc (NASDAQ:RUN) stock is surging today, last seen up 13.9% to trade at $18.78, headed for its largest single-day percentage pop since mid-July. The solar panel company reported better-than-expected second-quarter results, with earnings of 55 cents per share far surpassing the 33 cent loss anticipated by analysts. Furthermore, the company announced it was teaming up with Tesla (TSLA) for a power plant in Texas. A flood of analysts lifted their price targets on Sunrun stock in response, the highest co ...
Sunrun sees market opportunity after SunPower files for bankruptcy, company's shares surge
CNBC· 2024-08-07 14:08
A contractor carries a SunRun solar panel on the roof of a home in San Jose, California, U.S., on Monday, Feb. 7, 2022. Sunrun stock jumped nearly 14% Wednesday as the rooftop solar installer sees an opportunity to snag market share after competitor SunPower filed for bankruptcy this week. Sunrun CEO Mary Powell said the company is having conversations with many of SunPower's former dealers and is bringing some of them on as partners. "This presents an opportunity for Sunrun to continue our industry leaders ...
Sunrun(RUN) - 2024 Q2 - Earnings Call Transcript
2024-08-07 00:09
Sunrun Inc. (NASDAQ:RUN) Q2 2024 Earnings Conference Call August 6, 2024 4:30 PM ET Company Participants Patrick Jobin - Senior Vice President of Finance and Investor Relations Mary Powell - Chief Executive Officer Danny Abajian - Chief Financial Officer Ed Fenster - Co-Founder and Co-Executive Chair Paul Dickson - Chief Revenue Officer Conference Call Participants Brian Lee - Goldman Sachs Julien Dumoulin-Smith - Jeffries Moses Sutton - BNP Paribas Joseph Osha - Guggenheim Partners Andrew Percoco - Morgan ...
Sunrun (RUN) Q2 Earnings and Revenues Surpass Estimates
ZACKS· 2024-08-06 22:21
Sunrun (RUN) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of a loss of $0.26 per share. This compares to earnings of $0.25 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 311.54%. A quarter ago, it was expected that this solar energy products distributor would post a loss of $0.58 per share when it actually produced a loss of $0.40, delivering a surprise of 31.03%. Over the last fo ...
Sunrun(RUN) - 2024 Q2 - Quarterly Report
2024-08-06 20:13
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $0.0001 par value per share RUN Nasdaq Global Select Market Emerging growth company ☐ FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 1 ...
Sunrun(RUN) - 2024 Q2 - Quarterly Results
2024-08-06 20:07
Exhibit 10.1 Conformed Copy through Seventh Amendment Credit Agreement* dated as of April 20, 2021 among Sunrun Luna Portfolio 2021, LLC, as Borrower, Atlas Securitized Products Holdings, L.P., as Administrative Agent for the financial institutions that may from time to time become parties hereto as Lenders, Wells Fargo Bank, National Association, as Collateral Agent and as Paying Agent | --- | --- | --- | --- | --- | --- | |-------|---------------------------------|-------|-------|-------|-------| | | | | ...
Sunrun (RUN) Expected to Beat Earnings Estimates: What to Know Ahead of Q2 Release
ZACKS· 2024-07-30 15:07
Revenues are expected to be $519.43 million, down 12% from the year-ago quarter. For Sunrun, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +173.40%. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly ...
Sunrun Customers Power Through Multi-Day Outages, Help Neighbors in the Aftermath of Hurricane Beryl
Newsfilter· 2024-07-25 12:00
SAN FRANCISCO, July 25, 2024 (GLOBE NEWSWIRE) -- During prolonged power outages in the aftermath of Hurricane Beryl, more than 1,600 customers of Sunrun (NASDAQ:RUN), the nation's leading provider of clean energy as a subscription service, in the greater Houston area were able to keep their homes energized with more than 70,000 hours of backup energy provided by their solar-plus-storage systems. Beryl slammed ashore as a Category 1 storm on July 8, knocking out power to nearly 3 million homes and businesses ...