What's Going On With Sunrun Stock?
Portfolio Pulse from Henry Khederian
Sunrun Inc's shares are trading higher amid recent strength. The company reported mixed Q2 results, with 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. Despite this, sales showed a 1% increase YoY. Key metrics indicate strong growth, with 39,755 customer additions in Q2 2023 and a 20% increase in customers YoY. Sunrun's financial outlook remains positive, expecting 10% to 15% growth in Solar Energy Capacity Installed for 2023.
August 07, 2023 | 3:25 pm
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POSITIVE IMPACT
Sunrun's shares are trading higher despite mixed Q2 results. The company surpassed EPS estimates but missed sales estimates. However, strong growth in key metrics and a positive financial outlook for 2023 could potentially boost investor confidence.
Sunrun's shares are trading higher, indicating positive investor sentiment despite mixed Q2 results. The company's strong growth in key metrics and positive financial outlook for 2023 could potentially boost investor confidence, leading to a positive short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100