Brokerages expect Sunrun Inc (NASDAQ:RUN) to post sales of $190.00 million for the current quarter, according to Zacks. Two analysts have issued estimates for Sunrun’s earnings. The lowest sales estimate is $186.50 million and the highest is $193.50 million. Sunrun posted sales of $170.54 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 11.4%. The company is scheduled to issue its next earnings report on Thursday, August 8th.
According to Zacks, analysts expect that Sunrun will report full-year sales of $722.40 million for the current financial year, with estimates ranging from $639.39 million to $804.20 million. For the next fiscal year, analysts expect that the firm will post sales of $823.63 million, with estimates ranging from $738.60 million to $878.20 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Sunrun.
Sunrun (NASDAQ:RUN) last issued its quarterly earnings data on Wednesday, May 8th. The energy company reported ($0.12) EPS for the quarter, missing the consensus estimate of $0.31 by ($0.43). Sunrun had a negative net margin of 1.88% and a negative return on equity of 1.19%. The business had revenue of $194.50 million during the quarter, compared to analyst estimates of $152.90 million.
RUN has been the topic of several research analyst reports. Zacks Investment Research raised Sunrun from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a report on Wednesday, March 6th. BidaskClub lowered Sunrun from a “buy” rating to a “hold” rating in a report on Saturday, March 16th. TheStreet lowered Sunrun from a “b-” rating to a “c+” rating in a report on Friday, March 29th. ValuEngine raised Sunrun from a “buy” rating to a “strong-buy” rating in a report on Friday, March 1st. Finally, Credit Suisse Group set a $24.00 price objective on Sunrun and gave the company a “buy” rating in a report on Friday, March 1st. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the stock. Sunrun has a consensus rating of “Buy” and an average price target of $18.64.
In other news, major shareholder Tiger Global Management Llc purchased 766,201 shares of the stock in a transaction dated Tuesday, March 5th. The shares were purchased at an average cost of $16.26 per share, with a total value of $12,458,428.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Edward Harris Fenster sold 49,403 shares of Sunrun stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $15.52, for a total value of $766,734.56. Following the completion of the sale, the chairman now directly owns 2,330,192 shares in the company, valued at $36,164,579.84. The disclosure for this sale can be found here. Insiders sold 520,982 shares of company stock worth $8,376,563 over the last ninety days. Corporate insiders own 9.34% of the company’s stock.
Several large investors have recently modified their holdings of the company. Legal & General Group Plc boosted its stake in shares of Sunrun by 7.7% in the fourth quarter. Legal & General Group Plc now owns 16,805 shares of the energy company’s stock worth $183,000 after acquiring an additional 1,205 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in Sunrun by 11.5% during the first quarter. Envestnet Asset Management Inc. now owns 13,991 shares of the energy company’s stock worth $197,000 after buying an additional 1,441 shares in the last quarter. Hamilton Lane Advisors LLC lifted its position in Sunrun by 4.9% during the fourth quarter. Hamilton Lane Advisors LLC now owns 37,395 shares of the energy company’s stock worth $407,000 after buying an additional 1,755 shares in the last quarter. Rhumbline Advisers lifted its position in Sunrun by 1.3% during the first quarter. Rhumbline Advisers now owns 141,740 shares of the energy company’s stock worth $1,993,000 after buying an additional 1,807 shares in the last quarter. Finally, Gilman Hill Asset Management LLC lifted its position in Sunrun by 25.0% during the fourth quarter. Gilman Hill Asset Management LLC now owns 12,500 shares of the energy company’s stock worth $136,000 after buying an additional 2,500 shares in the last quarter. 84.78% of the stock is currently owned by hedge funds and other institutional investors.
Shares of RUN opened at $14.30 on Tuesday. The company has a current ratio of 1.37, a quick ratio of 1.03 and a debt-to-equity ratio of 1.64. Sunrun has a 12 month low of $8.81 and a 12 month high of $17.44. The company has a market capitalization of $1.74 billion, a price-to-earnings ratio of 62.17, a price-to-earnings-growth ratio of 0.95 and a beta of 0.58.
Sunrun Inc engages in the design, development, installation, sale, ownership, and maintenance of residential solar energy systems in the United States. It also sells solar energy systems and products, such as panels and racking, as well as solar leads generated to customers. The company markets and sells its products through direct-to-consumer approach across online, retail, mass media, digital media, canvassing, field marketing, and referral channels, as well as its partner network.
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