Sunrun Inc. (RUN) Set to Announce Quarterly Earnings on Wednesday
Sunrun Inc. (NASDAQ:RUN) will be announcing its earnings results after the market closes on Wednesday, November 8th. Analysts expect the company to announce earnings of $0.30 per share for the quarter.
Sunrun (NASDAQ:RUN) last issued its quarterly earnings data on Monday, August 7th. The energy company reported $0.23 EPS for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.03. The firm had revenue of $137.85 million for the quarter, compared to analysts’ expectations of $143.35 million. Sunrun had a net margin of 17.65% and a return on equity of 8.76%. The firm’s revenue was up 12.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.31 EPS. On average, analysts expect Sunrun to post $0.62 EPS for the current fiscal year and $0.83 EPS for the next fiscal year.
Shares of Sunrun Inc. (NASDAQ:RUN) opened at 5.74 on Wednesday. The company has a 50-day moving average of $5.72 and a 200-day moving average of $5.78. The firm has a market capitalization of $609.36 million, a PE ratio of 7.37 and a beta of -0.71. Sunrun Inc. has a 52 week low of $4.15 and a 52 week high of $7.78.
In other Sunrun news, insider Steven Vassallo sold 33,576 shares of the business’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $7.16, for a total transaction of $240,404.16. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman Edward Harris Fenster sold 115,094 shares of the business’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $6.82, for a total value of $784,941.08. Following the sale, the chairman now owns 2,371,439 shares in the company, valued at approximately $16,173,213.98. The disclosure for this sale can be found here. 24.13% of the stock is currently owned by insiders.
Several brokerages have commented on RUN. Zacks Investment Research cut shares of Sunrun from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Barclays PLC boosted their price target on shares of Sunrun from $6.00 to $8.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 8th. Bank of America Corporation reiterated a “neutral” rating and issued a $8.00 price target (up from $7.75) on shares of Sunrun in a research report on Thursday, August 10th. ValuEngine upgraded shares of Sunrun from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 6th. Finally, BidaskClub cut shares of Sunrun from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 11th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $9.15.
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Sunrun Inc is engaged in the design, development, installation, sale, ownership and maintenance of residential solar energy systems (Projects) in the United States. The Company is engaged in providing solar energy services and products to its customers. As of December 31, 2016, it operated a fleet of residential solar energy systems in the United States, with approximately 134,000 customers across 16 states, as well as the District of Columbia.
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