Sunrun (RUN) Scheduled to Post Quarterly Earnings on Thursday

Sunrun (NASDAQ:RUN - Get Free Report) is scheduled to post its quarterly earnings results after the market closes on Thursday, November 7th. Analysts expect Sunrun to post earnings of ($0.13) per share for the quarter. Individual interested in participating in the company's earnings conference call can do so using this link.

Sunrun (NASDAQ:RUN - Get Free Report) last issued its quarterly earnings data on Tuesday, August 6th. The energy company reported $0.55 EPS for the quarter, beating the consensus estimate of ($0.33) by $0.88. The business had revenue of $523.87 million during the quarter, compared to the consensus estimate of $516.76 million. Sunrun had a negative net margin of 66.36% and a negative return on equity of 2.41%. The firm's revenue was down 11.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.25 EPS. On average, analysts expect Sunrun to post $0 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Sunrun Price Performance

NASDAQ:RUN traded up $0.36 on Thursday, hitting $14.45. The company had a trading volume of 7,588,035 shares, compared to its average volume of 11,781,101. The stock has a market capitalization of $3.20 billion, a price-to-earnings ratio of -2.17 and a beta of 2.58. The company has a current ratio of 1.66, a quick ratio of 1.31 and a debt-to-equity ratio of 1.84. The firm has a 50 day moving average of $17.57 and a two-hundred day moving average of $15.27. Sunrun has a 52 week low of $8.82 and a 52 week high of $22.26.

Insider Activity

In other news, CEO Mary Powell sold 2,148 shares of Sunrun stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $18.79, for a total transaction of $40,360.92. Following the completion of the transaction, the chief executive officer now directly owns 579,193 shares in the company, valued at $10,883,036.47. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Sunrun news, CRO Paul S. Dickson sold 2,537 shares of Sunrun stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $18.23, for a total value of $46,249.51. Following the sale, the executive now owns 427,883 shares of the company's stock, valued at approximately $7,800,307.09. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Mary Powell sold 2,148 shares of the business's stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $18.79, for a total transaction of $40,360.92. Following the completion of the sale, the chief executive officer now directly owns 579,193 shares in the company, valued at approximately $10,883,036.47. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 180,001 shares of company stock worth $3,220,345 over the last three months. 3.76% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on RUN. Jefferies Financial Group dropped their price objective on shares of Sunrun from $31.00 to $29.00 and set a "buy" rating for the company in a research note on Thursday, October 10th. Morgan Stanley reaffirmed an "overweight" rating and set a $35.00 price target on shares of Sunrun in a research note on Tuesday, September 24th. Barclays dropped their price target on shares of Sunrun from $19.00 to $18.00 and set an "equal weight" rating for the company in a research note on Wednesday, October 16th. Piper Sandler raised their price target on shares of Sunrun from $20.00 to $23.00 and gave the company an "overweight" rating in a research note on Wednesday, August 7th. Finally, Glj Research raised shares of Sunrun from a "sell" rating to a "hold" rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, Sunrun has a consensus rating of "Hold" and a consensus target price of $22.79.

Sunrun Company Profile

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.