Sunrun Falls On Earnings Miss| Investor’s Business Daily

Sunrun (SUN) reported fourth-quarter results late Thursday that beat revenue estimates but fell short on earnings. RUN stock fell.

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The company reported an adjusted loss of 19 cents a share on revenue of $435.2 million. Analysts expected Sunrun to report an adjusted loss of 10 cents on revenue of $409 million, according to FactSet.

RUN stock fell 1.4% to 22.85, during after-hours trading on the stock market today.

RUN Stock: Largest Solar Company In U.S.

Sunrun says it can offer solar energy to households with little to no upfront cost to those who lease their systems and offers a savings vs. traditional electricity.

For those who lease, it designs, installs, finances, insures, monitors and maintains the systems. It also sells systems to those who want to buy.

In addition, Sunrun also offers a home solar battery service, Sunrun Brightbox. The device is designed to manage household solar energy, storage and utility power.

SolarEdge (SEDG) reported fourth-quarter financial results on Tuesday that missed on earnings but beat on revenue. SunPower (SPWR) reported fourth-quarter results Wednesday that topped revenue estimates but missed on earnings.

More to follow.

Please follow Brian Deagon on Twitter at @IBD_BDeagon for more on tech stocks, analysis and financial markets.

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