Sunrun Sees Q2 Storage Capacity Installed Is Expected To Be In A Range Of 215-225 Megawatt Hours; FY24 Storage Capacity Installed Is Expected To Be In A Range Of 800-1,000 Megawatt Hours
Portfolio Pulse from Benzinga Newsdesk
Sunrun expects Q2 2024 storage capacity installations to be between 215-225 Megawatt hours, indicating a 105%-115% year-over-year growth. For FY24, the forecast is 800-1,000 Megawatt hours, representing a 40%-75% increase from the previous year.
May 08, 2024 | 11:03 pm
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POSITIVE IMPACT
Sunrun projects a substantial increase in storage capacity installations for Q2 and FY24, indicating strong growth in its core business.
The projected increase in storage capacity installations for both Q2 and FY24 suggests a significant expansion in Sunrun's operations and market share. This growth is likely to be viewed positively by investors, potentially leading to an increase in stock price in the short term. The high year-over-year growth percentages indicate strong demand for Sunrun's offerings and an optimistic outlook for the renewable energy sector.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100