Sunrun (NASDAQ:RUN – Get Rating) will issue its quarterly earnings data after the market closes on Wednesday, November 2nd. Analysts expect the company to announce earnings of ($0.01) per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.
Sunrun (NASDAQ:RUN – Get Rating) last issued its earnings results on Wednesday, August 3rd. The energy company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.14. The company had revenue of $584.58 million for the quarter, compared to the consensus estimate of $485.04 million. Sunrun had a negative return on equity of 1.39% and a negative net margin of 5.86%. On average, analysts expect Sunrun to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.
Sunrun Stock Performance
Shares of RUN opened at $21.14 on Wednesday. The company has a market capitalization of $4.48 billion, a PE ratio of -37.75 and a beta of 2.26. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.17 and a current ratio of 1.73. The company’s 50 day moving average price is $30.50 and its 200 day moving average price is $27.03. Sunrun has a 52 week low of $16.80 and a 52 week high of $60.60.
Insider Activity
In other news, insider Lynn Michelle Jurich sold 75,000 shares of the business’s stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $34.63, for a total transaction of $2,597,250.00. Following the completion of the sale, the insider now owns 1,459,226 shares in the company, valued at $50,532,996.38. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Sunrun news, insider Edward Harris Fenster sold 25,000 shares of the company’s stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $35.38, for a total transaction of $884,500.00. Following the completion of the sale, the insider now owns 1,585,134 shares in the company, valued at approximately $56,082,040.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Lynn Michelle Jurich sold 75,000 shares of the firm’s stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $34.63, for a total value of $2,597,250.00. Following the completion of the transaction, the insider now owns 1,459,226 shares in the company, valued at $50,532,996.38. The disclosure for this sale can be found here. Insiders have sold 368,327 shares of company stock valued at $12,533,106 over the last three months. 4.29% of the stock is owned by insiders.
Hedge Funds Weigh In On Sunrun
Hedge funds have recently added to or reduced their stakes in the stock. Salem Investment Counselors Inc. lifted its holdings in Sunrun by 3,750.0% during the first quarter. Salem Investment Counselors Inc. now owns 1,540 shares of the energy company’s stock worth $47,000 after acquiring an additional 1,500 shares in the last quarter. US Bancorp DE increased its stake in Sunrun by 123.5% during the 1st quarter. US Bancorp DE now owns 6,534 shares of the energy company’s stock worth $198,000 after purchasing an additional 3,611 shares in the last quarter. EP Wealth Advisors LLC acquired a new stake in Sunrun during the 1st quarter worth approximately $200,000. Captrust Financial Advisors lifted its stake in Sunrun by 48.2% in the first quarter. Captrust Financial Advisors now owns 7,230 shares of the energy company’s stock valued at $220,000 after buying an additional 2,351 shares in the last quarter. Finally, Quantamental Technologies LLC acquired a new position in shares of Sunrun in the first quarter valued at approximately $259,000. Institutional investors and hedge funds own 90.85% of the company’s stock.
Wall Street Analysts Forecast Growth
RUN has been the topic of several research reports. Evercore ISI upped their target price on Sunrun from $64.00 to $67.00 in a research report on Thursday, August 4th. Barclays initiated coverage on shares of Sunrun in a research report on Friday, August 5th. They set an “overweight” rating and a $46.00 target price on the stock. BMO Capital Markets boosted their price target on Sunrun from $38.00 to $40.00 and gave the stock an “outperform” rating in a research report on Thursday, August 4th. Northland Securities started coverage on Sunrun in a report on Wednesday, September 28th. They set an “outperform” rating and a $60.00 price objective on the stock. Finally, Wells Fargo & Company began coverage on shares of Sunrun in a research report on Wednesday, June 29th. They set an “equal weight” rating and a $27.00 target price for the company. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $48.12.
About Sunrun
Sunrun Inc engages in the design, development, installation, sale, ownership, and maintenance of residential solar energy systems in the United States. It also sells solar energy systems and products, such as panels and racking; and solar leads generated to customers. In addition, the company offers battery storage along with solar energy systems.
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