Sunrun (RUN) Projected to Post Earnings on Wednesday

Sunrun (NASDAQ:RUN) is expected to be releasing its earnings data 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. Persons interested in participating in the company’s earnings conference call can do so using this link.

Sunrun Trading Up 2.8 %

Shares of RUN opened at $8.82 on Tuesday. The company has a current ratio of 1.47, a quick ratio of 1.15 and a debt-to-equity ratio of 1.92. The firm’s 50-day moving average is $9.57 and its two-hundred day moving average is $13.64. Sunrun has a twelve month low of $7.87 and a twelve month high of $22.26. The firm has a market capitalization of $1.98 billion, a P/E ratio of -4.85 and a beta of 2.59.

Insiders Place Their Bets

In other news, CRO Paul S. Dickson sold 2,968 shares of Sunrun stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $11.18, for a total value of $33,182.24. Following the transaction, the executive now owns 418,492 shares of the company’s stock, valued at $4,678,740.56. The trade was a 0.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Lynn Michelle Jurich sold 50,000 shares of Sunrun stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $9.59, for a total transaction of $479,500.00. Following the completion of the transaction, the director now directly owns 991,753 shares in the company, valued at $9,510,911.27. This represents a 4.80 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 114,830 shares of company stock worth $1,117,147. 3.77% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently commented on RUN shares. BMO Capital Markets lowered their price target on shares of Sunrun from $20.00 to $11.00 and set a “market perform” rating on the stock in a research report on Monday, November 11th. BNP Paribas raised shares of Sunrun from a “neutral” rating to an “outperform” rating and set a $16.00 price target on the stock in a research note on Tuesday, January 7th. Jefferies Financial Group cut their price target on shares of Sunrun from $19.00 to $17.00 and set a “buy” rating on the stock in a research note on Tuesday, January 28th. Piper Sandler downgraded shares of Sunrun from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $23.00 to $11.00 in a research note on Friday, November 22nd. Finally, JPMorgan Chase & Co. cut their target price on shares of Sunrun from $22.00 to $18.00 and set an “overweight” rating on the stock in a research note on Thursday, January 23rd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $18.36.

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.