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Why Sunrun Stock Got Eclipsed Today
Shares of Sunrun (NASDAQ: RUN), the self-proclaimed “nation’s leading provider of residential solar, storage and energy services,” had fallen 9.9% as of 1:20 p.m. EDT after the company reported a big earnings miss — and a change of management. For Q2 2021, Sunrun says it grew its customer count 19% year over year to just under 600,000 customers. Unfortunately, the cost of that revenue grew 124%, pushing operating losses higher, and leaving Sunrun with a $0.20-per-share loss on the bottom line — nearly twice as bad as the $0.11 loss a year ago.
