Why Sunrun Stock Popped 12% Today
Shares of solar developer Sunrun (NASDAQ: RUN) jumped as much as 12% in trading today after the company reported first-quarter 2021 financial results. Quarterly revenue jumped 58.9% to $334.8 million, and the net loss was $23.8 million, or $0.12 per share. Net earning assets -- which are calculated as the present value of future cash flows from solar projects minus debt, all discounted by a 5% rate (down from a previously used 6% rate) -- increased by just $59 million to $4.23 billion.
