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Why Sunrun's Shares Plunged 11.1% Today

TheMotleyFool

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Shares of residential solar installer Sunrun Inc (NASDAQ: RUN) fell as much as 11.1% in trading Thursday after the company reported second-quarter 2019 results. Shares regained some of their losses as the day went on and closed down just 6.2%.

Solar deployed was 103 megawatts (MW), up 13% from a year ago, driving revenue of $204.6 million and a loss of $1.3 million, or $0.01 per share. Analysts were expecting revenue of $198.8 million and a profit of $0.12 per share.

Image source: Getty Images.

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