Sunrun (RUN) Expected to Announce Earnings on Wednesday

Sunrun (NASDAQ:RUN) is expected to be posting its quarterly earnings results 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. Parties interested in registering for the company’s conference call can do so using this link.

Sunrun Stock Performance

NASDAQ RUN opened at $8.10 on Wednesday. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.47 and a quick ratio of 1.15. The stock’s 50 day simple moving average is $9.75 and its 200-day simple moving average is $13.87. The company has a market cap of $1.82 billion, a PE ratio of -4.45 and a beta of 2.59. Sunrun has a 1-year low of $7.93 and a 1-year high of $22.26.

Wall Street Analyst Weigh In

A number of brokerages recently commented on RUN. Jefferies Financial Group reduced their price objective on Sunrun from $19.00 to $17.00 and set a “buy” rating on the stock in a research report on Tuesday, January 28th. The Goldman Sachs Group lowered their price target on shares of Sunrun from $19.00 to $17.00 and set a “buy” rating on the stock in a research report on Tuesday, December 17th. Morgan Stanley cut their price objective on shares of Sunrun from $35.00 to $27.00 and set an “overweight” rating for the company in a research report on Friday, November 15th. Truist Financial reiterated a “hold” rating and issued a $12.00 target price (down from $18.00) on shares of Sunrun in a report on Tuesday, November 12th. Finally, Oppenheimer cut their price target on shares of Sunrun from $22.00 to $20.00 and set an “outperform” rating for the company in a report on Friday, November 8th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, Sunrun currently has an average rating of “Moderate Buy” and a consensus price target of $18.36.

Insider Transactions at Sunrun

In other Sunrun news, CFO Danny Abajian sold 3,734 shares of Sunrun stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $11.18, for a total value of $41,746.12. Following the sale, the chief financial officer now owns 257,969 shares of the company’s stock, valued at approximately $2,884,093.42. The trade was a 1.43 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lynn Michelle Jurich sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $9.59, for a total value of $479,500.00. Following the completion of the sale, the director now directly owns 991,753 shares of the company’s stock, valued at $9,510,911.27. This represents a 4.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 164,830 shares of company stock worth $1,614,147. Corporate insiders own 3.77% of the company’s stock.

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.