$463.16 Million in Sales Expected for Sunrun Inc. (NASDAQ:RUN) This Quarter

Equities research analysts predict that Sunrun Inc. (NASDAQ:RUNGet Rating) will announce sales of $463.16 million for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have provided estimates for Sunrun’s earnings. The lowest sales estimate is $320.45 million and the highest is $542.90 million. Sunrun posted sales of $401.17 million during the same quarter last year, which suggests a positive year-over-year growth rate of 15.5%. The company is scheduled to report its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Sunrun will report full-year sales of $1.89 billion for the current fiscal year, with estimates ranging from $1.58 billion to $2.16 billion. For the next financial year, analysts forecast that the business will post sales of $2.12 billion, with estimates ranging from $1.92 billion to $2.48 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Sunrun.

Sunrun (NASDAQ:RUNGet Rating) last released its quarterly earnings results on Wednesday, May 4th. The energy company reported ($0.42) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.38). The business had revenue of $495.78 million during the quarter, compared to analyst estimates of $401.60 million. Sunrun had a negative net margin of 8.10% and a negative return on equity of 1.64%. The firm’s revenue for the quarter was up 48.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.11) earnings per share.

RUN has been the subject of several research reports. Needham & Company LLC decreased their price target on shares of Sunrun from $70.00 to $41.00 in a report on Thursday, February 3rd. Morgan Stanley dropped their price target on shares of Sunrun from $91.00 to $89.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 22nd. Zacks Investment Research raised shares of Sunrun from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 12th. Evercore ISI reaffirmed a “buy” rating and issued a $75.00 price objective on shares of Sunrun in a research note on Friday, February 18th. Finally, Piper Sandler dropped their target price on shares of Sunrun from $41.00 to $39.00 in a research report on Thursday, April 21st. One research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Sunrun currently has a consensus rating of “Buy” and an average price target of $57.92.

RUN opened at $23.31 on Tuesday. The company has a fifty day simple moving average of $25.57 and a 200 day simple moving average of $31.33. The firm has a market cap of $4.90 billion, a price-to-earnings ratio of -33.30 and a beta of 2.24. Sunrun has a twelve month low of $16.80 and a twelve month high of $60.60. The company has a current ratio of 1.60, a quick ratio of 1.08 and a debt-to-equity ratio of 1.03.

In other Sunrun news, CFO Thomas Arthur Vonreichbauer sold 3,400 shares of the company’s stock in a transaction dated Thursday, March 3rd. The shares were sold at an average price of $26.25, for a total transaction of $89,250.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Jeanna Steele sold 4,655 shares of the stock in a transaction that occurred on Thursday, March 3rd. The shares were sold at an average price of $26.25, for a total transaction of $122,193.75. The disclosure for this sale can be found here. In the last quarter, insiders have sold 42,748 shares of company stock worth $1,225,347. 4.40% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. IndexIQ Advisors LLC grew its stake in shares of Sunrun by 309.6% during the 3rd quarter. IndexIQ Advisors LLC now owns 770 shares of the energy company’s stock worth $34,000 after acquiring an additional 582 shares in the last quarter. CWM LLC grew its stake in shares of Sunrun by 512.3% during the 1st quarter. CWM LLC now owns 845 shares of the energy company’s stock worth $26,000 after acquiring an additional 707 shares in the last quarter. Clearstead Advisors LLC grew its stake in shares of Sunrun by 743.6% during the 1st quarter. Clearstead Advisors LLC now owns 928 shares of the energy company’s stock worth $28,000 after acquiring an additional 818 shares in the last quarter. Fifth Third Bancorp grew its stake in shares of Sunrun by 120.6% during the 1st quarter. Fifth Third Bancorp now owns 1,006 shares of the energy company’s stock worth $31,000 after acquiring an additional 550 shares in the last quarter. Finally, Meeder Asset Management Inc. bought a new position in shares of Sunrun during the 1st quarter worth approximately $32,000. 90.54% of the stock is owned by institutional investors and hedge funds.

About Sunrun (Get Rating)

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; and solar leads generated to customers. In addition, the company offers battery storage along with solar energy systems.

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