Sunrun (RUN) Scheduled to Post Earnings on Wednesday

Sunrun (NASDAQ:RUN) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, May 8th. Analysts expect Sunrun to post earnings of ($0.49) 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 posted 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). Sunrun had a negative net margin of 71.00% and a negative return on equity of 5.58%. The firm had revenue of $516.59 million during the quarter, compared to analysts’ expectations of $499.74 million. On average, analysts expect Sunrun to post $-2 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Sunrun Stock Performance

NASDAQ:RUN opened at $11.90 on Monday. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.26 and a quick ratio of 0.96. The company has a market capitalization of $2.64 billion, a P/E ratio of -1.61 and a beta of 2.50. Sunrun has a 1 year low of $8.43 and a 1 year high of $23.85. The business has a fifty day simple moving average of $11.35 and a two-hundred day simple moving average of $13.13.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. The Goldman Sachs Group raised their price objective on shares of Sunrun from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. Truist Financial reaffirmed a “hold” rating and issued a $14.00 price target (down previously from $15.00) on shares of Sunrun in a report on Monday, February 26th. Royal Bank of Canada reduced their target price on Sunrun from $17.00 to $15.00 and set an “outperform” rating for the company in a research report on Friday, March 15th. Janney Montgomery Scott cut shares of Sunrun from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 27th. Finally, Susquehanna reiterated a “positive” rating and set a $25.00 target price on shares of Sunrun in a research report on Friday, April 5th. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $21.26.

Insider Activity

In other Sunrun news, Director Lynn Michelle Jurich sold 4,830 shares of Sunrun stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $12.12, for a total value of $58,539.60. Following the completion of the transaction, the director now directly owns 1,403,915 shares of the company’s stock, valued at $17,015,449.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Lynn Michelle Jurich sold 4,830 shares of the 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 sale, the director now directly owns 1,403,915 shares of the company’s stock, valued at $17,015,449.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Mary Powell sold 5,424 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $12.12, for a total transaction of $65,738.88. Following the transaction, the chief executive officer now owns 411,628 shares in the company, valued at approximately $4,988,931.36. The disclosure for this sale can be found here. Insiders sold 301,760 shares of company stock worth $3,615,990 over the last three months. 3.76% of the stock is currently owned by corporate insiders.

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.