Sunrun (RUN) Scheduled to Post Quarterly Earnings on Wednesday

Sunrun (NASDAQ:RUN) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of ($0.49) per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Sunrun (NASDAQ:RUN) last released its quarterly earnings data on Wednesday, February 21st. The energy company reported ($1.33) EPS for the quarter, missing the consensus estimate of ($0.13) by ($1.20). The firm had revenue of $516.59 million for the quarter, compared to the consensus estimate of $499.74 million. Sunrun had a negative net margin of 71.00% and a negative return on equity of 5.58%. On average, analysts expect Sunrun to post $-2 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Sunrun Trading Down 4.0 %

NASDAQ RUN opened at $10.29 on Wednesday. The company has a market cap of $2.26 billion, a price-to-earnings ratio of -1.39 and a beta of 2.46. Sunrun has a 52 week low of $8.43 and a 52 week high of $23.85. The business has a 50 day moving average price of $11.61 and a 200-day moving average price of $13.16. The company has a quick ratio of 0.96, a current ratio of 1.26 and a debt-to-equity ratio of 1.68.

Insider Activity

In other news, Director Lynn Michelle Jurich sold 4,830 shares of the company’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $12.12, for a total transaction of $58,539.60. Following the transaction, the director now owns 1,403,915 shares of the company’s stock, valued at approximately $17,015,449.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Edward Harris Fenster sold 172,920 shares of the business’s stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $11.95, for a total transaction of $2,066,394.00. Following the sale, the director now directly owns 1,261,317 shares in the company, valued at approximately $15,072,738.15. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Lynn Michelle Jurich sold 4,830 shares of the business’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $12.12, for a total value of $58,539.60. Following the sale, the director now owns 1,403,915 shares in the company, valued at $17,015,449.80. The disclosure for this sale can be found here. Insiders have sold 301,760 shares of company stock valued at $3,615,990 in the last 90 days. Insiders own 3.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on RUN shares. Piper Sandler decreased their price objective on Sunrun from $31.00 to $27.00 and set an “overweight” rating for the company in a report on Thursday, February 22nd. Oppenheimer reaffirmed an “outperform” rating and set a $19.00 target price on shares of Sunrun in a research report on Thursday, February 22nd. BMO Capital Markets lifted their target price on Sunrun from $18.00 to $20.00 and gave the company a “market perform” rating in a research report on Thursday, February 22nd. Truist Financial reaffirmed a “hold” rating and set a $14.00 target price (down previously from $15.00) on shares of Sunrun in a research report on Monday, February 26th. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Sunrun in a research report on Thursday, January 4th. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $21.26.

Sunrun Company Profile

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.