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Why Sunrun Stock Jumped 38.9% in April

Travis Hoium, The Motley Fool
·2 min read
Why Sunrun Stock Jumped 38.9% in April

Shares of Sunrun (NASDAQ: RUN) jumped 38.9% last month, according to data provided by S&P Global Market Intelligence, after the residential solar installer gave a fairly positive update to investors. The biggest update for investors came on April 6, when Sunrun said it deployed 97.4 megawatts (MW) in the first quarter of 2020, ended the period with $366 million in cash, and was accelerating a shift to online sales. All told, Sunrun should have enough financing and operating cash to get through the worst of the public health crisis.

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