Sunrun (RUN) Projected to Post Earnings on Wednesday

Sunrun (NASDAQ:RUN) will likely be issuing its quarterly earnings data before the market opens on Wednesday, February 19th. Analysts expect Sunrun to post earnings of ($0.25) per share and revenue of $540.47 million for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Sunrun Stock Down 3.1 %

Shares of NASDAQ:RUN opened at $8.10 on Wednesday. The company has a quick ratio of 1.15, a current ratio of 1.47 and a debt-to-equity ratio of 1.92. The company has a market capitalization of $1.82 billion, a P/E ratio of -4.45 and a beta of 2.59. Sunrun has a 52-week low of $7.93 and a 52-week high of $22.26. The stock’s fifty day simple moving average is $9.75 and its 200-day simple moving average is $13.87.

Wall Street Analysts Forecast Growth

RUN has been the subject of several recent analyst reports. BMO Capital Markets lowered their price target on Sunrun from $20.00 to $11.00 and set a “market perform” rating for the company in a report on Monday, November 11th. Piper Sandler lowered shares of Sunrun from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $23.00 to $11.00 in a research report on Friday, November 22nd. Jefferies Financial Group decreased their price target on shares of Sunrun from $19.00 to $17.00 and set a “buy” rating on the stock in a report on Tuesday, January 28th. Truist Financial restated a “hold” rating and set a $12.00 price objective (down from $18.00) on shares of Sunrun in a report on Tuesday, November 12th. Finally, Susquehanna reduced their target price on Sunrun from $24.00 to $23.00 and set a “positive” rating on the stock in a report on Wednesday, October 16th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, Sunrun presently has an average rating of “Moderate Buy” and an average target price of $18.36.

Insider Buying and Selling at Sunrun

In other news, CFO Danny Abajian sold 3,734 shares of the business’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $11.18, for a total transaction of $41,746.12. Following the sale, the chief financial officer now directly owns 257,969 shares of the company’s stock, valued at $2,884,093.42. The trade was a 1.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Lynn Michelle Jurich sold 50,000 shares of the stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $9.94, for a total value of $497,000.00. Following the completion of the transaction, the director now owns 1,092,446 shares of the company’s stock, valued at $10,858,913.24. This trade represents a 4.38 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 164,830 shares of company stock valued at $1,614,147. 3.77% of the stock is 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.