Reported 1 day ago
Sunrun Inc. (NASDAQ:RUN) saw its shares rise by 10.65% to $18.18 as investors reacted to expectations of an impending rate cut by the US central bank, which analysts believe could benefit the company's financing model for solar products. The anticipated lower borrowing costs are expected to reduce expenses, boost customer adoption, and improve profit margins. In Q2, Sunrun's net income doubled to $279.77 million, and the company added nearly 29,000 subscribers, totaling over 941,000.
Source: YAHOO