The Traderszone Network

Published in TZ Latest News 11 November, 2016 by The TZ Newswire Staff

Why Sunrun Inc.’s Shares Popped 17% Today

Image source: Getty Images. 

Shares of residential solar installer Sunrun Inc (NASDAQ: RUN) jumped as much as 16.6% today after reporting third-quarter earnings. As of 12:00 p.m. EST, shares were still up 12.9% on the day. 

Quarterly revenue jumped 35.6% to $112.0 million, and net income came in at $16.9 million, or $0.16 per share. Better yet, management said 2016 installations would be around 285 MW, above the previous guidance of 270 MW to 280 MW. 

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