Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Sunrun Inc's Shares Popped 14% Today

TheMotleyFool

0 0

Why Sunrun Inc's Shares Popped 14% Today

Shares of residential solar installer Sunrun Inc. (NASDAQ: RUN) jumped as much as 14.3% in trading Thursday after reporting better than expected earnings. At 1:30 p.m. EST shares had given back some of their gains but were still up 8.7% on the day.

Solar deployments jumped 12% from a year ago to 90 megawatts, exceeding the company's guidance of 88 MW. More importantly, net present value created increased 21% to $93 million and unlevered NPV per watt was $1.15, the highest in Sunrun's history.

Image source: Getty Images.

Source: Fool.com