Why Sunrun's Shares Popped 13.6% in February [The Motley Fool]
Sunrun Inc. (RUN)
NASDAQ:AMEX Investor Relations:
investors.sunrun.com/investor-overview
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Source: The Motley Fool
Why Sunrun's Shares Popped 13.6% in February A bad earnings report didn't hold Sunrun back last month. Shares of solar installer Sunrun Inc. ( NASDAQ:RUN ) jumped an impressive 13.6% in February, according to data provided by S&P Global Market Intelligence , as the market overall started to collapse. Shares have held their own, climbing another 4.6% in the first week of March. There were a few competing narratives for investors to digest. One is that interest rates were starting to fall in February, a plunge that continues in March, and that helps Sunrun's long-term value. The company finances the residential solar systems it installs, so lower rates mean the contracted cash flow is worth more than if rates were higher. Last month, that overwhelmed a fairly disappointing fourth quarter . On Feb. 27, Sunrun reported fourth-quarter earnings that showed revenue growth of just 1.6% to $243.9 million and earnings of just $0.10 per share. Analysts were expecting earnings of $0.12 per share
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News
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RUN
Earnings
- 2/21/24 - Miss
RUN
Sec Filings
- 4/29/24 - Form DEF
- 4/29/24 - Form ARS
- 4/29/24 - Form DEFA14A
- RUN's page on the SEC website