Sunrun Earnings Top Estimates, Shares Plunge as Growth Slows

Sunrun Inc's Q4 earnings beat estimates with adjusted EPS of 38 cents, up from a loss of 8 cents, and revenue of $1.16 billion, a 124% YoY increase. However, subscriber additions fell 17% and storage capacity declined. The stock is trading sharply lower, below key moving averages, after a downgrade from Jefferies to Hold with a target of $22.00.