Sunrun (RUN) delivered earnings and revenue surprises of 31.03% and 3.63%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
Exceeded high-end of Q1 guidance range for both Storage and Solar installations Storage Capacity Installed of 207 Megawatt hours in Q1, representing 192% year-over-year growth, as storage attachment rates reach 50% Solar Energy Capacity Installed of 177 Megawatts in Q1, reaching 6.9 Gigawatts of Networked Solar Energy Capacity Net Earning Assets increases to $5.2 billion, including $783 million in Total Cash Reiterating Cash Generation guidance of reaching an annualized level of $200 million to
Sunrun creates the country’s largest virtual power plant to participate in statewide program designed to strengthen California’s stressed electrical grid and reduce blackouts by providing load generation during extreme eventsSAN FRANCISCO, May 08, 2024 (GLOBE NEWSWIRE) -- Sunrun (Nasdaq: RUN), the nation’s leading provider of clean energy as a subscription service, has networked more than 16,200 customers’ solar-plus-storage systems to support California’s electrical grid during the hot summer m