Sunrun (RUN) Set to Announce Quarterly Earnings on Wednesday

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Sunrun (NASDAQ:RUN) is scheduled to be announcing its earnings results after the market closes on Wednesday, August 7th. Analysts expect the company to announce earnings of $0.22 per share for the quarter.

Sunrun (NASDAQ:RUN) last released its quarterly earnings data on Wednesday, May 8th. The energy company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.43). The business had revenue of $194.50 million for the quarter, compared to the consensus estimate of $152.90 million. Sunrun had a negative return on equity of 1.19% and a negative net margin of 1.88%. On average, analysts expect Sunrun to post $1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

NASDAQ:RUN opened at $18.38 on Tuesday. The stock’s 50-day simple moving average is $19.27. The company has a market cap of $2.24 billion, a P/E ratio of 79.91, a price-to-earnings-growth ratio of 5.51 and a beta of 0.66. Sunrun has a 52 week low of $8.81 and a 52 week high of $21.42. The company has a quick ratio of 1.15, a current ratio of 1.37 and a debt-to-equity ratio of 1.64.

Several equities analysts recently issued reports on RUN shares. BidaskClub raised shares of Sunrun from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 20th. Bank of America reaffirmed a “buy” rating and issued a $23.50 target price (up from $17.50) on shares of Sunrun in a research note on Thursday, April 25th. Goldman Sachs Group raised shares of Sunrun from a “neutral” rating to a “buy” rating and set a $20.00 target price for the company in a research note on Monday, June 17th. Barclays started coverage on shares of Sunrun in a research note on Thursday, May 16th. They issued an “overweight” rating and a $21.00 target price for the company. Finally, Zacks Investment Research downgraded shares of Sunrun from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 24th. One analyst has rated the stock with a sell rating, six have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $21.50.

In related news, major shareholder Global Long Opportunitie Tiger purchased 46,515 shares of Sunrun stock in a transaction dated Monday, July 29th. The stock was bought at an average price of $18.25 per share, for a total transaction of $848,898.75. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Lynn Michelle Jurich sold 131,002 shares of the company’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $20.02, for a total transaction of $2,622,660.04. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 2,712,396 shares of company stock valued at $49,604,380 and have sold 298,599 shares valued at $5,868,100. 9.34% of the stock is currently owned by insiders.

Sunrun Company Profile

Sunrun Inc engages in the design, development, installation, sale, ownership, and maintenance of residential solar energy systems in the United States. It also sells solar energy systems and products, such as panels and racking, as well as solar leads generated to customers. The company markets and sells its products through direct-to-consumer approach across online, retail, mass media, digital media, canvassing, field marketing, and referral channels, as well as its partner network.

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Earnings History for Sunrun (NASDAQ:RUN)

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