Sunrun Inc (RUN) reported quarterly earnings results on Thursday, Aug-11-2016. The company said it had a profit of $0.31 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.84. Analysts had a consensus of $-0.53. The company posted revenue of $122.60 million in the period, compared to analysts expectations of $111.15 million. The company’s revenue was up 68.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.29 EPS.
In a different news, on Jun 1, 2016, Edward Harris Fenster (Chairman) sold 40,000 shares at $6.41 per share price.
Sunrun Inc. provides solar energy to homeowners. The Company either directly or through one of its solar partners installs a solar energy system on a customer’s home and either sells the system to the homeowner or as is more often the case sells the energy generated by the system to the homeowner pursuant to a lease or power purchase agreement (PPA). The Company’s core solar product offerings are provided through a lease or a power purchase agreement which are substantially similar to one another. The Company provides solar service offerings through three channels: its direct-to-consumer channel; its solar partner channel that originates customers for its solar service offerings procures and installs solar energy systems on its customers’ homes on its behalf and a growing set of strategic relationships with recognized non-solar brands. With its solar service offerings the Company installs solar energy systems on its customers’ homes and sells them the solar power.