Sunrun (RUN) Tops Q3 EPS by 8c, Approves $50M Buyback

Sunrun (NASDAQ: RUN) reported Q3 EPS of $0.23, $0.08 better than the analyst estimate of $0.15. Revenue for the quarter came in at $215.5 million versus the consensus estimate of $209.44 million.

Guidance for Fourth Quarter 2019:

• In Q4, we expect deployments to be in a range between 115 MW and 118 MW.

The company also announced that its Board of Directors has approved a stock repurchase program authorizing the Company to repurchase up to $50 million of its outstanding common stock from time to time over the next three years. The shares may be repurchased in the open market or in privately negotiated transactions, depending upon market conditions and other factors, and in accordance with applicable regulations of the Securities and Exchange Commission. The stock repurchase program may be terminated or amended by the Board at any time prior to the expiration date.

For earnings history and earnings-related data on Sunrun (RUN) click here.

You May Also Be Interested In

• FirstCash to acquire UK pawn operator Ramsdens for £206 million
• Orchid Island Capital expands buyback program, estimates book value rise
• Playboy to buy back 16.6M shares from Fortress at $1.05 each