Sunrun (RUN) to Release Quarterly Earnings on Thursday

Sunrun (NASDAQ:RUN) will likely be announcing its earnings results after the market closes on Thursday, February 27th. Analysts expect the company to announce earnings of ($0.27) per share and revenue of $541.05 million for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Sunrun Price Performance

Shares of NASDAQ:RUN opened at $8.49 on Tuesday. Sunrun has a one year low of $7.87 and a one year high of $22.26. The stock has a fifty day moving average of $9.41 and a 200-day moving average of $13.33. The company has a market capitalization of $1.90 billion, a PE ratio of -4.66 and a beta of 2.59. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.15 and a current ratio of 1.47.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on RUN shares. Morgan Stanley cut their price objective on Sunrun from $35.00 to $27.00 and set an “overweight” rating for the company in a research report on Friday, November 15th. Wells Fargo & Company cut their price objective on Sunrun from $15.00 to $12.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. Truist Financial restated a “hold” rating and issued a $12.00 target price (down previously from $18.00) on shares of Sunrun in a report on Tuesday, November 12th. The Goldman Sachs Group reduced their target price on Sunrun from $19.00 to $17.00 and set a “buy” rating for the company in a report on Tuesday, December 17th. Finally, BNP Paribas upgraded Sunrun from a “neutral” rating to an “outperform” rating and set a $16.00 target price for the company in a report on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $18.36.

Insiders Place Their Bets

In other news, CEO Mary Powell sold 4,350 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $11.18, for a total value of $48,633.00. Following the sale, the chief executive officer now directly owns 560,321 shares of the company’s stock, valued at approximately $6,264,388.78. This trade represents a 0.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Lynn Michelle Jurich sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $9.10, for a total value of $455,000.00. Following the completion of the sale, the director now directly owns 941,753 shares in the company, valued at approximately $8,569,952.30. This represents a 5.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 164,830 shares of company stock valued at $1,572,147 over the last three months. 3.77% of the stock is currently owned by 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.