Sunrun jumps after Q3 revenue beats estimates
RUN•Sunrun reported Q3 revenue of $1.1 billion, beating analysts’ estimates of $774 million, and its shares rose 19.8% in premarket trading. Its storage attachment rate was 75%, up from 70% a year earlier, and subscriber growth was 9% year over year.
1. Q3 results
Sunrun reported Q3 revenue of $1.1 billion, above analysts’ estimates of $774 million. The company said higher energy systems and product sales revenue contributed to the results; its storage attachment rate rose to 75% from 70% a year earlier, while subscriber growth was 9% year over year.
