Why Sunrun Stock Is Exploding Higher
Portfolio Pulse from Henry Khederian
Sunrun Inc's shares are trading higher after reporting mixed Q2 results. The company reported an EPS of 25 cents, surpassing the analyst consensus estimate of a loss of 34 cents. However, it missed the sales estimate of $621.86 million by 5.1%, generating $590.19 million. Key metrics show strong growth with 39,755 customer additions in Q2 2023 and a 20% increase in customers compared to the same period last year. Sunrun expects 10% to 15% growth in Solar Energy Capacity Installed for 2023.
August 04, 2023 | 1:47 pm
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Sunrun's stock is trading higher after beating EPS estimates and showing strong growth in customer additions. The company expects 10% to 15% growth in Solar Energy Capacity Installed for 2023.
Sunrun's stock is trading higher due to the positive Q2 results, particularly the EPS beating estimates and strong customer growth. The company's positive outlook for 2023 also contributes to the positive impact on the stock.
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