Sunrun Inc (NASDAQ:RUN) shares are trading lower by 16% to $7.08 over the trailing five sessions after the company last week reported worse-than-expected fourth-quarter revenue results. Also, BMO Capital analyst Ameet Thakkar on Friday maintained Sunrun with a Market Perform and lowered the price target from $11 to $9.
What To Know: Sunrun, the largest U.S. residential solar provider, last week reported mixed fourth-quarter earnings, beating profit expectations with $1.41 per share but missing revenue estimates at $518.49 million.
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The company added 32,932 customers, bringing its total to over 1.04 million, a 12% increase year-over-year. Recurring subscriber revenue reached $1.6 billion, with an average contract life of 17.6 years. Subscriber Value …
