RUN - What's Going On With Sunrun Stock Thursday? | Benzinga
Sunrun Inc (NASDAQ:RUN) shares are moving lower Thursday after the company reported fourth-quarter financial results. Sunrun also announced a partnership with Lowe’s Companies Inc (NYSE:LOW) and proposed an offering Wednesday after the close.
What Happened: Sunrun reported fourth-quarter revenue of $516.59 million, which missed estimates of $530.37 million, according to Benzinga Pro. The solar company reported a quarterly loss of $1.33 per share, missed estimates for a loss of 29 cents per share.
Fourth-quarter customer additions were 30,005, including 27,000 subscriber additions. Total customers were up 17% in the fourth quarter.
Storage capacity installed totaled 219.7 megawatt hours in the fourth quarter, representing growth of 154% on a year-over-year basis. Solar energy capacity installed came in ...