Sunrun (RUN) recently released its second-quarter 2024 results, wherein both its earnings and revenues comfortably exceeded their respective Zacks Consensus Estimate, backed by solid storage installation and attachment rates. The company was also successful in achieving a notable 13% growth in its customer count, which further strengthened its revenue generation prospects. With an impressive 11% year-over-year increase in its subscriber value, realized in the second quarter, some investors might be eager to ...

Sunrun (NASDAQ:RUN) stock is taking off on Wednesday after the solar power company provided investors with its earnings report for the second quarter of 2024. That report starts with the company's diluted earnings per share of 55 cents. That's a massive surprise for RUN stockholders when Wall Street was expecting EPS of -40 cents for the quarter. It's also a jump from the 25 cents reported in the same period of the year prior. Adding to this is Sunrun's revenue of $523.87 million for Q2 2024. This is above ...

Sunrun Inc (NASDAQ:RUN) stock is surging today, last seen up 13.9% to trade at $18.78, headed for its largest single-day percentage pop since mid-July. The solar panel company reported better-than-expected second-quarter results, with earnings of 55 cents per share far surpassing the 33 cent loss anticipated by analysts. Furthermore, the company announced it was teaming up with Tesla (TSLA) for a power plant in Texas. A flood of analysts lifted their price targets on Sunrun stock in response, the highest co ...

A contractor carries a SunRun solar panel on the roof of a home in San Jose, California, U.S., on Monday, Feb. 7, 2022. Sunrun stock jumped nearly 14% Wednesday as the rooftop solar installer sees an opportunity to snag market share after competitor SunPower filed for bankruptcy this week. Sunrun CEO Mary Powell said the company is having conversations with many of SunPower's former dealers and is bringing some of them on as partners. "This presents an opportunity for Sunrun to continue our industry leaders ...

SAN FRANCISCO, July 25, 2024 (GLOBE NEWSWIRE) -- During prolonged power outages in the aftermath of Hurricane Beryl, more than 1,600 customers of Sunrun (NASDAQ:RUN), the nation's leading provider of clean energy as a subscription service, in the greater Houston area were able to keep their homes energized with more than 70,000 hours of backup energy provided by their solar-plus-storage systems. Beryl slammed ashore as a Category 1 storm on July 8, knocking out power to nearly 3 million homes and businesses ...

The most recent trading session ended with Sunrun (RUN) standing at $17.27, reflecting a +1.95% shift from the previouse trading day's closing. The stock outpaced the S&P 500's daily loss of 0.16%. Meanwhile, the Dow lost 0.14%, and the Nasdaq, a tech-heavy index, lost 0.06%. Prior to today's trading, shares of the solar energy products distributor had gained 24.74% over the past month. This has outpaced the Oils-Energy sector's loss of 7.84% and the S&P 500's gain of 1.96% in that time. The upcoming earnin ...

SAN FRANCISCO, July 22, 2024 (GLOBE NEWSWIRE) -- Sunrun (NASDAQ:RUN), the nation's leading provider of clean energy as a subscription service, announced today that Matt Brost and Ellen Struck will join the company as Vice Presidents in its new homes division. Brost and Struck most recently worked at SunPower, where they led the largest new homes solar business in the country, and together they have more than four decades of experience in the energy and solar industries. Sunrun's new homes business has been ...

Core Insights - Sunrun's CEO emphasized the company's role in enhancing energy independence and reliability for California's grid during peak demand periods, particularly during heat waves [1] - The company's solar-plus-storage systems have significantly contributed to the grid, supplying an average of 48 megawatts nightly, enough to power approximately 48,000 homes [3] Company Overview - Sunrun is the leading provider of clean energy as a subscription service in the U.S., with nearly one million customers and over 102,000 installed storage systems [4][7] - The company operates more than a dozen power plants nationwide and has a proven track record of supporting local power grid needs [4] Recent Developments - Sunrun's CalReady power plant was activated to support California's power grid during a recent heat wave, with batteries from over 16,000 customers providing power for four consecutive evenings [5][6] - CalReady is the largest single-owner virtual power plant in California's Demand Side Grid Support program, operational daily from 4 to 9 p.m. through October, when energy demand peaks [6]

The company's stock recently crossed above its 50-day moving average (SMA), driven by bullish momentum. Moving average indicators on Sunrun's price chart have also formed a Golden Cross—an important bullish signal where a shorter-term moving average crosses above a longer-term moving average. Specifically, the 50-day SMA (currently at $13.03, yellow line in chart above) crossed over the 200-day SMA (at $12.91, blue line in chart above) forming a classic Golden Cross pattern. The formation typically signalin ...

SAN FRANCISCO, July 10, 2024 (GLOBE NEWSWIRE) -- Sunrun (Nasdaq: RUN) today announced that it will issue its second quarter 2024 earnings report after the market closes on Tuesday, August 6, 2024. A conference call has been scheduled to discuss these earnings results at 1:30 p.m. Pacific Time. The conference call can be accessed live via the Sunrun Investor Relations website at https://investors.sunrun.com or over the phone by dialing (877) 407-5989 (toll-free) or (201) 689-8434 (toll). An audio replay will ...