Why Sunrun (RUN) Stock Is Moving
Portfolio Pulse from Henry Khederian
Sunrun Inc's (NASDAQ:RUN) shares are trading lower by 2.3% possibly in sympathy with SunPower Corporation (NASDAQ:SPWR) after the latter reported worse-than-expected Q3 results. SunPower reported a 9.3% YoY revenue decline in Q3 of FY23, totaling $432.00 million, falling short of the expected $453.25 million. The company also posted an adjusted EPS loss of $(0.12), missing the expected loss of $(0.00). This could raise concerns about the sector's performance as a whole.
November 01, 2023 | 5:12 pm
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NEGATIVE IMPACT
Sunrun's stock is trading lower possibly due to SunPower's poor Q3 results. This could indicate potential concerns about the overall performance of the solar energy sector.
Sunrun's stock is trading lower possibly due to the poor Q3 results of its competitor, SunPower. This could indicate potential concerns about the overall performance of the solar energy sector, which could negatively impact Sunrun's stock in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
SunPower's stock could be negatively impacted due to its worse-than-expected Q3 results. The company reported a 9.3% YoY revenue decline and an adjusted EPS loss of $(0.12).
SunPower's worse-than-expected Q3 results, including a 9.3% YoY revenue decline and an adjusted EPS loss, could negatively impact its stock in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100