Sunrun (RUN) Set to Announce Quarterly Earnings on Thursday

Sunrun (NASDAQ:RUN) is set to issue its quarterly earnings data after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of ($0.13) 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) last released its quarterly earnings results on Tuesday, August 6th. The energy company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.88. Sunrun had a negative return on equity of 2.41% and a negative net margin of 66.36%. The firm had revenue of $523.87 million during the quarter, compared to the consensus estimate of $516.76 million. During the same quarter in the prior year, the firm posted $0.25 EPS. The business’s revenue was down 11.2% on a year-over-year basis. On average, analysts expect Sunrun to post $0 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Sunrun Trading Up 8.9 %

Shares of Sunrun stock opened at $16.08 on Tuesday. The stock has a market cap of $3.59 billion, a P/E ratio of -2.54 and a beta of 2.61. The company has a quick ratio of 1.31, a current ratio of 1.66 and a debt-to-equity ratio of 1.84. Sunrun has a 12-month low of $8.82 and a 12-month high of $22.26. The business’s 50 day moving average is $17.33 and its 200-day moving average is $15.36.

Analysts Set New Price Targets

A number of research firms have recently weighed in on RUN. Evercore ISI dropped their price target on shares of Sunrun from $42.00 to $38.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. BMO Capital Markets lifted their price objective on Sunrun from $17.00 to $20.00 and gave the company a “market perform” rating in a report on Wednesday, August 7th. UBS Group increased their target price on Sunrun from $14.00 to $18.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. Barclays dropped their price target on Sunrun from $19.00 to $18.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 16th. Finally, Piper Sandler upped their price objective on shares of Sunrun from $20.00 to $23.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $22.70.

Insider Activity

In related news, insider Jeanna Steele sold 24,161 shares of the stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $19.24, for a total transaction of $464,857.64. Following the completion of the sale, the insider now owns 310,617 shares of the company’s stock, valued at $5,976,271.08. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, CRO Paul S. Dickson sold 2,537 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $18.23, for a total value of $46,249.51. Following the completion of the sale, the executive now directly owns 427,883 shares in the company, valued at $7,800,307.09. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jeanna Steele sold 24,161 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $19.24, for a total transaction of $464,857.64. Following the completion of the transaction, the insider now directly owns 310,617 shares in the company, valued at $5,976,271.08. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 180,001 shares of company stock worth $3,220,345. Corporate insiders own 3.77% of the company’s stock.

About Sunrun

Sunrun Inc designs, develops, installs, sells, owns, and maintains 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; and sells services to commercial developers through multi-family and new homes.