Sunrun (RUN) to Release Earnings on Thursday

Sunrun (NASDAQ:RUN) is anticipated to post its quarterly earnings results after the market closes on Thursday, February 27th. Analysts expect Sunrun to post earnings of ($0.27) per share and revenue of $541.05 million for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Sunrun Trading Down 2.8 %

Shares of RUN stock opened at $8.61 on Thursday. The firm has a market capitalization of $1.93 billion, a P/E ratio of -4.73 and a beta of 2.59. Sunrun has a twelve month low of $7.87 and a twelve month high of $22.26. The company has a quick ratio of 1.15, a current ratio of 1.47 and a debt-to-equity ratio of 1.92. The stock’s fifty day simple moving average is $9.50 and its 200 day simple moving average is $13.55.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. UBS Group upgraded Sunrun from a “neutral” rating to a “buy” rating and upped their price target for the company from $14.00 to $17.00 in a research report on Friday, January 10th. Wells Fargo & Company reduced their price target on Sunrun from $15.00 to $12.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Morgan Stanley reduced their price target on Sunrun from $35.00 to $27.00 and set an “overweight” rating on the stock in a research report on Friday, November 15th. Barclays reduced their price target on Sunrun from $18.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 28th. Finally, Jefferies Financial Group cut their target price on Sunrun from $19.00 to $17.00 and set a “buy” rating on the stock in a research report on Tuesday, January 28th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $18.36.

Insider Buying and Selling

In related news, CRO Paul S. Dickson sold 2,968 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $11.18, for a total value of $33,182.24. Following the sale, the executive now owns 418,492 shares in the company, valued at approximately $4,678,740.56. This trade represents a 0.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Mary Powell sold 4,350 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $11.18, for a total value of $48,633.00. Following the completion of the sale, the chief executive officer now owns 560,321 shares in the company, valued at $6,264,388.78. This trade represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 114,830 shares of company stock worth $1,117,147. 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.