Sunrun (NASDAQ:RUN) Issues Quarterly Earnings Results, Beats Expectations By $0.09 EPS

Sunrun (NASDAQ:RUNGet Free Report) released its earnings results on Wednesday. The energy company reported ($0.40) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.49) by $0.09, Briefing.com reports. The firm had revenue of $458.20 million for the quarter, compared to analyst estimates of $471.38 million. Sunrun had a negative return on equity of 3.58% and a negative net margin of 68.22%. The company’s revenue was down 22.3% on a year-over-year basis. During the same quarter last year, the firm posted ($1.12) EPS.

Sunrun Stock Down 9.3 %

RUN stock traded down $1.15 during trading on Friday, reaching $11.26. 11,170,992 shares of the stock were exchanged, compared to its average volume of 10,789,783. The company has a quick ratio of 0.96, a current ratio of 1.31 and a debt-to-equity ratio of 1.84. Sunrun has a twelve month low of $8.43 and a twelve month high of $23.85. The firm’s 50 day moving average is $11.34 and its 200 day moving average is $13.14.

Insider Activity

In other news, Director Edward Harris Fenster sold 172,920 shares of Sunrun stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $11.95, for a total transaction 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 $15,072,738.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Edward Harris Fenster sold 172,920 shares of the company’s stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $11.95, for a total transaction of $2,066,394.00. Following the completion of the sale, the director now owns 1,261,317 shares in the company, valued at $15,072,738.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Mary Powell sold 5,424 shares of the firm’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $12.12, for a total value of $65,738.88. Following the transaction, the chief executive officer now owns 411,628 shares in the company, valued at $4,988,931.36. The disclosure for this sale can be found here. Insiders sold a total of 301,760 shares of company stock worth $3,615,990 over the last quarter. 3.76% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

RUN has been the subject of several research reports. BMO Capital Markets raised their target price on Sunrun from $18.00 to $20.00 and gave the stock a “market perform” rating in a research report on Thursday, February 22nd. Oppenheimer reissued an “outperform” rating and issued a $19.00 target price on shares of Sunrun in a research note on Thursday, February 22nd. Piper Sandler decreased their price objective on Sunrun from $31.00 to $27.00 and set an “overweight” rating on the stock in a report on Thursday, February 22nd. Truist Financial restated a “hold” rating and set a $14.00 target price (down previously from $15.00) on shares of Sunrun in a research report on Monday, February 26th. Finally, Jefferies Financial Group dropped their price objective on Sunrun from $32.00 to $26.00 and set a “buy” rating for the company in a research note on Thursday. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $21.21.

Check Out Our Latest Report on RUN

Sunrun Company Profile

(Get Free Report)

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.

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Earnings History for Sunrun (NASDAQ:RUN)

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