Sunrun Share Price Drops 6% Following Q4 Results
<p><a href='https://financialmodelingprep.com/financial-summary/RUN'>Sunrun Inc. (NASDAQ:RUN) </a>shares dropped more than 6% on Friday following the company’s Q4 results, with EPS of ($0.19) coming worse than the consensus estimate of ($0.02). Revenue was $435.23 million, compared to the consensus estimate of $409.1 million. </p>
<p>According to the analysts at Oppenheimer, the CA policy uncertainty is aiding booking activity for the company, and guidance for at least 20% growth in 2022 would be a substantial accomplishment given its scale. </p>
<p>The analysts expect the potential changes to CA solar rules to drive strong bookings through year-end given the timeline for revisions, public comments, and the anticipated grace period. The analysts are encouraged by the company adding a new battery supplier as they expect cell supply will become increasingly difficult and attach rates for storage will continue to grow. </p>
<p>The brokerage remains constructive on shares as it believes interest rate concerns are priced in and that the company will enjoy tailwinds from higher utility rates.</p>

NASDAQ:RUN