Sunrun Inc. (NASDAQ:RUN) released its first-quarter results after Wednesday's closing bell. Here's a look at the key figures from the report.
The Details: Sunrun reported quarterly earnings of 20 cents per share, which beat the analyst consensus estimate of losses of 25 cents. Quarterly revenue came in at $504.27 million, which beat the consensus estimate of $484.06 million, and represented a 10% increase over revenue of $458.19 million from the same period last year.
Read Next: Disney’s New Abu Dhabi Theme Park Will Be ‘Authentically Disney And Distinctly Emirati,’ CEO Bob Iger Says
For the first quarter, Sunrun reported:
“The first quarter was another strong quarter for Sunrun as we exceeded our volume and Cash Generation targets by significant margins in what is seasonally the slowest quarter of the year,” said Mary Powell, Sunrun’s CEO. “We are focused on delivering the best product for customers, underwriting volumes with strong unit margins, optimizing our routes to market, and driving cost discipline, including leveraging AI for innovation, creating significant operating efficiencies and quality enhancement. This has allowed us to gain market share in recent periods and produce strong operating and financial results.”
RUN Price Action: According to data from Benzinga Pro, Sunrun stock was up 8.25% at $8.00 after hours Wednesday.
Read Next:
Photo: Shutterstock
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.