Sunrun (NASDAQ:RUN) Announces Earnings Results, Beats Estimates By $0.09 EPS

Sunrun (NASDAQ:RUN) issued its quarterly earnings results on Wednesday. The energy company reported ($0.40) EPS for the quarter, beating analysts’ consensus estimates of ($0.49) by $0.09, Briefing.com reports. Sunrun had a negative net margin of 71.00% and a negative return on equity of 5.58%. The business had revenue of $458.20 million for the quarter, compared to analysts’ expectations of $471.38 million. During the same quarter in the prior year, the firm posted ($1.12) earnings per share. The business’s quarterly revenue was down 22.3% compared to the same quarter last year.

Sunrun Stock Up 0.6 %

RUN stock traded up $0.07 during trading on Thursday, reaching $11.58. The stock had a trading volume of 8,260,143 shares, compared to its average volume of 13,577,026. Sunrun has a one year low of $8.43 and a one year high of $23.85. The company’s 50 day moving average is $11.35 and its two-hundred day moving average is $13.14. The company has a quick ratio of 0.96, a current ratio of 1.26 and a debt-to-equity ratio of 1.68. The company has a market capitalization of $2.57 billion, a price-to-earnings ratio of -1.64 and a beta of 2.50.

Insider Transactions at Sunrun

In related news, Director Alan Ferber bought 10,000 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were purchased at an average cost of $9.73 per share, for a total transaction of $97,300.00. Following the completion of the purchase, the director now directly owns 10,000 shares in the company, valued at $97,300. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Edward Harris Fenster sold 172,920 shares of Sunrun stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $11.95, for a total value of $2,066,394.00. Following the completion of the transaction, the director now directly owns 1,261,317 shares in the company, valued at approximately $15,072,738.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Alan Ferber bought 10,000 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were bought at an average price of $9.73 per share, for a total transaction of $97,300.00. Following the transaction, the director now owns 10,000 shares of the company’s stock, valued at $97,300. The disclosure for this purchase can be found here. Insiders have sold 301,760 shares of company stock worth $3,615,990 in the last 90 days. Insiders own 3.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on RUN shares. Oppenheimer restated an “outperform” rating and set a $19.00 target price on shares of Sunrun in a research report on Thursday, February 22nd. Royal Bank of Canada reduced their price objective on shares of Sunrun from $17.00 to $15.00 and set an “outperform” rating for the company in a research report on Friday, March 15th. Piper Sandler dropped their target price on shares of Sunrun from $31.00 to $27.00 and set an “overweight” rating on the stock in a research report on Thursday, February 22nd. BMO Capital Markets increased their target price on shares of Sunrun from $18.00 to $20.00 and gave the stock a “market perform” rating in a research note on Thursday, February 22nd. Finally, Janney Montgomery Scott downgraded shares of Sunrun from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 27th. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, Sunrun has a consensus rating of “Moderate Buy” and a consensus target price of $21.16.

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.