Sunrun posted a wider-than-expected second-quarter net loss even as revenue surged more than 100% year-over-year.
The provider of solar panels reported a quarterly loss of -20 cents a share, wider than the -11 cents a share in the year-ago quarter. FactSet had a consensus expectation-8 cents a share and - 13 cents a share for adjusted loss.
Revenue rose to $401.2 million, more than double the year-ago quarter’s $181.3 million.
Sunrun named Mary Powell as its next CEO. Powell joined the board in 2018, and is a director of Sunrun and a former president and CEO of the Vermont utility company Green Mountain Power.
RUN saw its Momentum Indicator move above the 0 level on July 10, 2024. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 78 similar instances where the indicator turned positive. In of the 78 cases, the stock moved higher in the following days. The odds of a move higher are at .
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows