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Why Sunrun Stock Soared on Thursday

TheMotleyFool

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Why Sunrun Stock Soared on Thursday: https://g.foolcdn.com/editorial/images/869181/adult-with-child-in-arms-pointing-to-a-house-with-solar-panels-on-its-roof.jpg

To put it mildly, solar energy stocks have not been popular lately. You'd hardly know it from 's (NASDAQ: RUN) performance on the market Thursday; its shares gained nearly 8% on the back of an earnings report that sparked something of a bullish investor stampede.

Just after market close on Wednesday, Sunrun fired up its first-quarter results. Revenue was just over $722 million, for a meaty 43% increase year over year. Much of this growth came from a 151% leap in the company's crucial energy systems and products sales; these amounted to $254 million.

Image source: Getty Images.

Source Fool.com