{"id":44196,"date":"2023-08-03T19:51:00","date_gmt":"2023-08-03T23:51:00","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/sunrun-books-surprise-profit-stock-rockets\/"},"modified":"2023-08-03T19:51:03","modified_gmt":"2023-08-03T23:51:03","slug":"sunrun-books-surprise-profit-stock-rockets","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=44196","title":{"rendered":"Sunrun books surprise profit, stock rockets"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0002357694\" role=\"document\">\n<p>Shares of Sunrun Inc.<br \/>\n        RUN,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/205021014\/composite\" class=\"positive\">+7.62%<\/bg-quote><br \/>\n       were up 9% in after-hours trading Wednesday after the provider of solar-energy services missed revenue expectations for the second quarter but delivered a surprise profit. The company posted net income of $55.5 million, or 25 cents a share, whereas it posted a loss of $12.4 million, or 6 cents a share, in the year-prior period. Analysts tracked by FactSet were expecting a 24-cent loss per share. Revenue rose to $590.2 million from $584.6 million, while analysts projected $627.7 million. \u201cWe are seeing a tremendous acceleration in storage attachment rates on new sales, in California and across the country, which provides increased customer value and superior margins for Sunrun, while building a foundation of controllable generation assets that enables a clean energy future for all,\u201d Chief Executive Mary Powell said in a release.<\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/story\/sunrun-books-surprise-profit-stock-rockets-d1573cf2?mod=investing\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Sunrun Inc. RUN, +7.62% were up 9% in after-hours trading Wednesday after the provider of solar-energy services missed revenue expectations for the second quarter but delivered a surprise profit. The company posted net income of $55.5 million, or 25 cents a share, whereas it posted a loss of $12.4 million, or 6 cents [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1383,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-44196","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Sunrun books surprise profit, stock rockets | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Shares of Sunrun Inc. RUN, +7.62% were up 9% in after-hours trading Wednesday after the provider of solar-energy services missed revenue expectations for\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=44196\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sunrun books surprise profit, stock rockets | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"Shares of Sunrun Inc. 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