Sunrun (RUN) to Release Earnings on Thursday

Sunrun (NASDAQ:RUN) is scheduled to be issuing 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 that are interested in participating in the company’s earnings conference call can do so using this link.

Sunrun (NASDAQ:RUN) last released its quarterly earnings data on Tuesday, August 6th. The energy company reported $0.55 EPS for the quarter, beating the consensus estimate 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 previous year, the company posted $0.25 earnings per share. The company’s quarterly 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 $14.09 on Thursday. The business’s fifty day moving average is $17.57 and its 200 day moving average is $15.27. Sunrun has a 12-month low of $8.82 and a 12-month high of $22.26. The company has a quick ratio of 1.31, a current ratio of 1.66 and a debt-to-equity ratio of 1.84. The stock has a market cap of $3.12 billion, a P/E ratio of -2.11 and a beta of 2.58.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Morgan Stanley reaffirmed an “overweight” rating and issued a $35.00 price objective on shares of Sunrun in a research note on Tuesday, September 24th. Evercore ISI cut their price target on Sunrun from $42.00 to $38.00 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft boosted their price objective on Sunrun from $12.00 to $16.50 and gave the stock a “hold” rating in a report on Thursday, August 8th. Glj Research raised Sunrun from a “sell” rating to a “hold” rating in a research report on Monday. Finally, Oppenheimer upped their price target on Sunrun from $19.00 to $22.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $22.79.

Insider Buying and Selling

In other news, Director Lynn Michelle Jurich sold 50,000 shares of the stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $20.20, for a total transaction of $1,010,000.00. Following the completion of the transaction, the director now directly owns 1,192,446 shares of the company’s stock, valued at $24,087,409.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Lynn Michelle Jurich sold 50,000 shares of the company’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $20.20, for a total transaction of $1,010,000.00. Following the transaction, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Danny Abajian sold 4,869 shares of the stock in a transaction on Monday, October 7th. The stock was sold at an average price of $16.35, for a total value of $79,608.15. Following the transaction, the chief financial officer now owns 269,393 shares of the company’s stock, valued at $4,404,575.55. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 180,001 shares of company stock worth $3,220,345. Insiders own 3.76% of the company’s stock.

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.