Sunrun Inc. (NASDAQ: RUN) saw its shares soar 5.17% in after-hours trading on November 7, 2024, following the release of its third-quarter 2024 financial results. The solar energy and storage company's strong performance, highlighted by record storage installation figures and positive cash flow guidance, appears to have driven the stock's surge.
In the third quarter, Sunrun achieved a remarkable 60% attachment rate for storage installations, deploying a record 336 megawatt-hours of storage capacity. This represents a 92% year-over-year increase, underscoring the company's successful strategy of positioning itself as a "storage-first" company.
Furthermore, Sunrun reiterated its Cash Generation guidance for 2025, projecting between $350 million and $600 million. This outlook, coupled with the company's second consecutive quarter of positive Cash Generation in Q3, signaled a promising trajectory toward sustainable profitability and cash flow generation.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。