Sunrun (RUN) Projected to Post Earnings on Wednesday

Sunrun (NASDAQ:RUN) is projected to issue its quarterly earnings data before the market opens on Wednesday, February 19th. Analysts expect the company to announce 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 Price Performance

NASDAQ RUN opened at $8.82 on Tuesday. 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 has a market capitalization of $1.98 billion, a PE ratio of -4.85 and a beta of 2.59. The company has a 50 day moving average price of $9.57 and a two-hundred day moving average price of $13.64. Sunrun has a 12-month low of $7.87 and a 12-month high of $22.26.

Insider Buying and Selling at Sunrun

In other news, CFO Danny Abajian sold 3,734 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were 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. This represents a 1.43 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lynn Michelle Jurich sold 50,000 shares of the company’s stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $9.42, for a total transaction of $471,000.00. Following the completion of the sale, the director now directly owns 1,041,753 shares in the company, valued at approximately $9,813,313.26. The trade was a 4.58 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 114,830 shares of company stock valued at $1,117,147 in the last 90 days. 3.77% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

RUN has been the subject of a number of analyst reports. JPMorgan Chase & Co. reduced their target price on shares of Sunrun from $22.00 to $18.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. Wells Fargo & Company reduced their target price on shares of Sunrun from $15.00 to $12.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. UBS Group upgraded shares of Sunrun from a “neutral” rating to a “buy” rating and lifted their target price for the company from $14.00 to $17.00 in a research note on Friday, January 10th. Jefferies Financial Group reduced their price objective on shares of Sunrun from $19.00 to $17.00 and set a “buy” rating for the company in a research note on Tuesday, January 28th. Finally, Piper Sandler cut shares of Sunrun from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $23.00 to $11.00 in a research note on Friday, November 22nd. 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 stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.