Sunrun: Fourth Quarter Earnings Overview

Sunrun Inc. Reports Strong Fourth Quarter Earnings

Sunrun Inc., headquartered in San Francisco, announced a net income of $103.6 million for the fourth quarter.

Earnings per share for the quarter reached 38 cents.

These results exceeded analysts’ expectations, as a consensus of six analysts surveyed by Zacks Investment Research had anticipated a loss of 8 cents per share.

The company, which specializes in solar energy solutions, generated $1.16 billion in revenue during the quarter, surpassing the $656.9 million forecasted by analysts.

For the full year, Sunrun reported a total profit of $449.9 million, or $1.71 per share, with annual revenue amounting to $2.96 billion.

Report compiled by Automated Insights using data from Zacks Investment Research.