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Sunrun Inc. ($RUN) Stock Surges on Strong Q2 Results and Analyst Optimism
Sunrun Inc. ($RUN) Stock Surges on Strong Q2 Results and Analyst Optimism
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Sunrun Inc. shares skyrocketed 32% following robust Q2 earnings, with EPS reaching $1.07 and revenue hitting $569.34 million. Analysts from JPMorgan and Oppenheimer raised price targets to $20 and $21, citing strong contracted value and growth potential.
The company's gross margin stood at 59.9%, supported by healthy cash FLOW and a 70% storage attachment rate. Sunrun also achieved a historic summer record for distributed energy capacity, solidifying its leadership in renewable energy markets.
Despite potential short-term volatility, the long-term outlook remains bullish as Sunrun continues to capitalize on the global shift toward clean energy solutions.
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