RUN Stock Recent News

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.

Sunrun (NASDAQ: RUN) , a leading provider of clean energy, has expanded its support for the Texas energy grid through a partnership with Tesla Electric, a subsidiary of Tesla (NASDAQ: TSLA). This collaboration has enrolled over 150 Sunrun customers in a program using stored solar energy from home batteries to boost electricity reserves during high consumption periods.

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.

Cash Generation of $217 million in Q2, including working capital recovery Introducing Cash Generation guidance of $350 million to $600 million in 2025; reiterating Cash Generation guidance of $50 million to $125 million in Q4 ($200 million to $500 million annualized) Storage Capacity Installed of 265 Megawatt hours in Q2, exceeding high-end of guidance range and representing 152% year-over-year growth, as storage attachment rates reach 54% Solar Energy Capacity Installed of 192 Megawatts in Q2, within the prior guidance range, reaching 7.1 Gigawatts of Networked Solar Energy Capacity Net Earning Assets increases to $5.7 billion, including over $1 billion in Total Cash SAN FRANCISCO, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Sunrun (Nasdaq: RUN), the nation's leading provider of clean energy as a subscription service, today announced financial results for the quarter ended June 30, 2024. “In the second quarter we again set new records for both storage installation and attachment rates, furthe

Sunrun partners with retail electricity provider Tesla Electric to create a customer-driven power plant in Texas using customers' solar-plus-battery systems Sunrun partners with retail electricity provider Tesla Electric to create a customer-driven power plant in Texas using customers' solar-plus-battery systems