Sunrun Reports Second Quarter 2023 Financial Results
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Sunrun (RUN) jumps on 'solid' Q2 release
August 3, 2023 8:36 AM EDTSunrun (NASDAQ: RUN) shares are up over 9% premarket Thursday after topping second-quarter consensus earnings expectations.
After Wednesday's close, RUN reported earnings of $0.25, $0.49 better than the analyst estimate of a loss per share of $0.24. However, revenue for the quarter came in at $590.19 million, below the consensus estimate of $629.35 million.
The company revealed that the installed storage capacity of 103-megawatt hours in Q2 represents 35% growth year-over-year, while recent backup storage attachment rates for... More
