Sunrun (RUN) Scheduled to Post Quarterly Earnings on Thursday

Sunrun (NASDAQ:RUN) is set to post its quarterly earnings results after the market closes on Thursday, November 7th. Analysts expect Sunrun to post earnings of ($0.13) per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Sunrun (NASDAQ:RUN) last posted its 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. The firm had revenue of $523.87 million for the quarter, compared to analysts’ expectations of $516.76 million. Sunrun had a negative net margin of 66.36% and a negative return on equity of 2.41%. During the same quarter in the previous year, the firm posted $0.25 earnings per share. The company’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 Price Performance

Shares of RUN opened at $16.91 on Wednesday. The business has a 50-day simple moving average of $17.23 and a two-hundred day simple moving average of $15.40. Sunrun has a 12-month low of $8.82 and a 12-month high of $22.26. The stock has a market cap of $3.78 billion, a PE ratio of -2.51 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.

Insider Activity at Sunrun

In other Sunrun news, Director Lynn Michelle Jurich sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $20.20, for a total value of $1,010,000.00. Following the completion of the sale, the director now owns 1,192,446 shares of the company’s stock, valued at $24,087,409.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Lynn Michelle Jurich sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $20.20, for a total value of $1,010,000.00. Following the transaction, the director now owns 1,192,446 shares in the company, valued at approximately $24,087,409.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gerald Alan Risk sold 9,045 shares of the stock in a transaction on Monday, August 19th. The shares were sold at an average price of $20.04, for a total transaction of $181,261.80. Following the sale, the director now directly owns 334,761 shares of the company’s stock, valued at $6,708,610.44. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 155,840 shares of company stock valued at $2,755,487 over the last 90 days. 3.77% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on RUN shares. Susquehanna cut their price target on shares of Sunrun from $24.00 to $23.00 and set a “positive” rating on the stock in a report on Wednesday, October 16th. UBS Group raised their price objective on Sunrun from $14.00 to $18.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Jefferies Financial Group reduced their target price on Sunrun from $31.00 to $29.00 and set a “buy” rating on the stock in a report on Thursday, October 10th. Truist Financial restated a “hold” rating and set a $18.00 price target (up previously from $12.00) on shares of Sunrun in a report on Wednesday, August 7th. Finally, StockNews.com upgraded shares of Sunrun to a “sell” rating in a report on Friday, September 27th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $22.70.

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.