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Sunrun Stock Plunges After Q2 Report — Details

Sunrun Q2 Details       

Sunrun reported quarterly earnings of 42 cents per share, which beat the analyst consensus estimate of 24 cents, according to Benzinga Pro data.

Quarterly revenue came in at $869.99 million, which beat the Street estimate of $751.83 million.

Sunrun reported the following second-quarter highlights:

“We are positioning the business for strong growth, bringing on some of the best talent in the industry and scaling deliberately, with a focus on customer experience and asset quality,” said CEO Mary Powell.

“And as that engine scales, we’re aiming to unlock new ways to monetize the network we’ve already built, from distributed power plant programs to emerging data center and grid edge applications, creating new streams of Cash Generation.”

RUN Stock Price Activity: According to data from Benzinga Pro, Sunrun stock was down 14.2% to $9 in Wednesday’s extended trading.  

Photo: Shutterstock

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