Sunrun Inc is a leading provider of residential solar energy services in the United States, dedicated to making solar energy accessible and affordable for homeowners
The company designs, develops, and installs solar energy systems, often coupled with energy storage solutions, allowing customers to harness renewable energy while reducing their reliance on traditional electricity sources. Sunrun also offers various financing options, including leases and power purchase agreements, to help customers transition to solar energy with minimal upfront costs. Additionally, the company provides ongoing maintenance and monitoring services to ensure optimal performance of the solar installations, contributing to a sustainable energy future.
Stocks recovered on Friday, with all three major indexes in the green, as the tech sector bounced back from Thursday's losses with NVIDIA Corp. (NASDAQNVDA) up 1.37% and Tesla, Inc. NASDAQ:TSLANASDAQTSLA)
Residential solar energy company Sunrun (NASDAQRUN) missed Wall Street’s revenue expectations in Q4 CY2024, with sales flat year on year at $518.5 million. Its non-GAAP profit of $1.41 per share was significantly above analysts’ consensus estimates.
The S&P 500 and Nasdaq both slipped into the red, reversing early gains on Thursday, while the Dow Jones remained in positive territory in midday trading.
On Tuesday January 28, 2025, a federal health payment system lockout, blamed on an "outage," sparked criticism amid Trump's spending freeze, though payments were reportedly unaffected, according to the white house.
A federal judge in the District of Columbia on Tuesday afternoon temporarily blocked an executive order given by President Donald Trump that imposed a freeze of all federal grants and loans, putting $3 trillion in funding in jeopardy and entire industries on edge.
White House freezes $3 trillion in federal funding, sparking legal and political showdown. Industries like education, healthcare, and clean energy at risk.
Sunrun has gotten torched over the last six months - since June 2024, its stock price has dropped 28.3% to $10.50 per share. This may have investors wondering how to approach the situation.
