From a technical perspective, Sunrun (RUN) is looking like an interesting pick, as it just reached a key level of support. RUN recently overtook the 20-day moving average, and this suggests a short-term bullish trend.
Investors may continue to hold Sunrun (RUN) in their portfolio, considering the company's stellar share price performance and impressive Q2 results despite its premium valuation.
Sunrun Inc (NASDAQ: RUN) is up more than 15% on Wednesday after rival SunPower Corporation (NASDAQ: SPWR) filed for bankruptcy following months of struggles related to higher interest rates. SPWR recently faced allegations of financial misconduct which contributed to GLJ Research calling SunPower stock “worthless” in July.
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.
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.
Sunrun CEO Mary Powell said the company is having conversations with many of SunPower's former dealers. SunPower filed for bankruptcy on Monday as the company has struggled for months in the face of high interest rates and allegations of misconduct in its reporting practices.
The San Francisco-based company is partnering with Tesla Electric to create an energy plant in Texas powered by customers.
Sunrun Inc. (NASDAQ:RUN ) Q2 2024 Earnings Conference Call August 6, 2024 4:30 PM ET Company Participants Patrick Jobin - Senior Vice President of Finance and Investor Relations Mary Powell - Chief Executive Officer Danny Abajian - Chief Financial Officer Ed Fenster - Co-Founder and Co-Executive Chair Paul Dickson - Chief Revenue Officer Conference Call Participants Brian Lee - Goldman Sachs Julien Dumoulin-Smith - Jeffries Moses Sutton - BNP Paribas Joseph Osha - Guggenheim Partners Andrew Percoco - Morgan Stanley Kashy Harrison - Piper Sandler James West - Evercore ISI Robert Stephenson - Roth Capital Partners Maheep Mandloi - Mizuho Securities Dylan Nassano - Wolfe Research Colin Rusch - Oppenheimer Operator Good afternoon and welcome to Sunrun's Second Quarter 2024 Earnings Conference Call. All participants have been placed on mute.
Sunrun (RUN) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of a loss of $0.26 per share. This compares to earnings of $0.25 per share a year ago.
Clean energy company Sunrun RUN is behind the first vehicle-to-home power plant in the nation, using customer owned electric vehicles.
Sunrun (RUN) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Sunrun (RUN) closed at $17.27 in the latest trading session, marking a +1.95% move from the prior day.