Sunrun (RUN) to Release Quarterly Earnings on Tuesday

Sunrun (NASDAQ:RUN) is scheduled to be announcing its earnings results after the market closes on Tuesday, August 6th. Analysts expect the company to announce earnings of ($0.33) per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Sunrun (NASDAQ:RUN) last announced its quarterly earnings data on Wednesday, May 8th. The energy company reported ($0.40) earnings per share for the quarter, topping the consensus estimate of ($0.49) by $0.09. Sunrun had a negative return on equity of 3.58% and a negative net margin of 68.22%. The company had revenue of $458.20 million for the quarter, compared to analyst estimates of $471.38 million. During the same quarter last year, the firm earned ($1.12) EPS. Sunrun’s revenue for the quarter was down 22.3% compared to the same quarter last year. On average, analysts expect Sunrun to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Sunrun Price Performance

Shares of NASDAQ:RUN opened at $16.72 on Monday. Sunrun has a 1-year low of $8.43 and a 1-year high of $22.16. The firm has a market capitalization of $3.71 billion, a PE ratio of -2.51 and a beta of 2.61. The business’s 50 day moving average is $14.52 and its 200-day moving average is $13.20. The company has a current ratio of 1.31, a quick ratio of 0.99 and a debt-to-equity ratio of 1.84.

Insider Transactions at Sunrun

In other news, Director Lynn Michelle Jurich sold 50,000 shares of the business’s stock in a transaction on Friday, July 19th. The stock was sold at an average price of $16.93, for a total transaction of $846,500.00. Following the completion of the sale, the director now owns 1,294,383 shares in the company, valued at $21,913,904.19. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Director Lynn Michelle Jurich sold 50,000 shares of the business’s stock in a transaction on Friday, July 19th. The stock was sold at an average price of $16.93, for a total transaction of $846,500.00. Following the completion of the sale, the director now owns 1,294,383 shares in the company, valued at $21,913,904.19. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Edward Harris Fenster sold 44,646 shares of Sunrun stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $15.91, for a total value of $710,317.86. Following the sale, the director now directly owns 1,207,423 shares of the company’s stock, valued at $19,210,099.93. The disclosure for this sale can be found here. Insiders sold a total of 255,712 shares of company stock worth $3,706,261 over the last 90 days. 3.76% of the stock is owned by insiders.

Analyst Ratings Changes

RUN has been the topic of several recent research reports. Jefferies Financial Group decreased their price objective on Sunrun from $32.00 to $26.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. Piper Sandler lifted their price objective on Sunrun from $15.00 to $20.00 and gave the stock an “overweight” rating in a report on Monday, July 22nd. JPMorgan Chase & Co. lifted their price objective on Sunrun from $14.00 to $19.00 and gave the stock an “overweight” rating in a report on Tuesday, July 16th. Morgan Stanley boosted their price target on Sunrun from $24.00 to $29.00 and gave the company an “overweight” rating in a research note on Friday, June 14th. Finally, Barclays boosted their price target on Sunrun from $16.00 to $19.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 23rd. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.42.

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.