Sunrun Announces Preliminary Fourth Quarter 2020 Results
Sunrun Announces Preliminary Fourth Quarter 2020 Results
SAN FRANCISCO, Jan. 25, 2021 Sunrun (Nasdaq: RUN), the nation’s leading provider of residential solar, storage and energy services, today announced select, preliminary and unaudited financial results and operating metrics for the fourth quarter ended December 31, 2020.
In the fourth quarter of 2020, Megawatts Deployed (MW) were approximately 171.6 MW, a 10% sequential increase from the third quarter of 2020, pro-forma to give effect to Sunrun’s acquisition of Vivint Solar which closed on October 8, 2020. This reflects the deployments for approximately 23,500 customers in the period, resulting in total Customers of more than 550,000 as of December 31, 2020. Cumulative Megawatts Deployed were 3,885 MW as of December 31, 2020, pro-forma to give effect to Sunrun’s acquisition of Vivint Solar.
Will Solar Stocks Enphase, SolarEdge, and Sunrun Continue to Shine in 2021?
ENPH – Though the COVID-19 global pandemic has created many operational challenges to the solar energy industry, Enphase Energy (ENPH), SolarEdge Technologies (SEDG), and Sunrun (RUN) have been able to continue to focus on product innovation and execution of their long-term plans. Thus, these companies are thereby are well-positioned to continue moving higher we think.
Dec 16, 2020
The members of the U.S. electoral college formally certified Joe Biden as the next president of the United States on December 14. Climate change is one of the core issues on which Biden based his election bid. As such, stocks in the solar-power industry soared following the election results.