The stock of Sunrun Inc (NASDAQ:RUN) hit a new 52-week low and has $4.58 target or 6.00% below today’s $4.87 share price. The 5 months bearish chart indicates high risk for the $504.87M company. The 1-year low was reported on Nov, 1 by Barchart.com. If the $4.58 price target is reached, the company will be worth $30.29M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 1.60M shares traded hands or 15.94% up from the average. Sunrun Inc (NASDAQ:RUN) has declined 19.47% since March 30, 2016 and is downtrending. It has underperformed by 22.49% the S&P500.
Analysts await Sunrun Inc (NASDAQ:RUN) to report earnings on November, 10. They expect $-0.43 earnings per share, down 4.88% or $0.02 from last year’s $-0.41 per share. After $0.31 actual earnings per share reported by Sunrun Inc for the previous quarter, Wall Street now forecasts -238.71% negative EPS growth.
Sunrun Inc (NASDAQ:RUN) Ratings Coverage
Out of 9 analysts covering Sunrun Inc (NASDAQ:RUN), 8 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 89% are positive. Sunrun Inc has been the topic of 18 analyst reports since August 31, 2015 according to StockzIntelligence Inc. The firm has “Mkt Outperform” rating given on Thursday, September 8 by JMP Securities. As per Monday, March 14, the company rating was maintained by Morgan Stanley. The firm has “Overweight” rating given on Thursday, December 17 by KeyBanc Capital Markets. Goldman Sachs initiated it with “Buy” rating and $17 target price in Monday, August 31 report. Morgan Stanley initiated the stock with “Overweight” rating in Tuesday, September 8 report. The firm has “Buy” rating given on Friday, October 7 by Goldman Sachs. The stock of Sunrun Inc (NASDAQ:RUN) has “Outperform” rating given on Friday, March 11 by Credit Suisse. The rating was initiated by KeyBanc Capital Markets on Wednesday, October 21 with “”. On Friday, January 22 the stock rating was initiated by Barclays Capital with “Overweight”. The stock of Sunrun Inc (NASDAQ:RUN) earned “Outperform” rating by RBC Capital Markets on Monday, August 31.
According to Zacks Investment Research, “Sunrun Inc. develops, owns, manages and sells residential solar energy systems. The Company provides solar service offerings through channels consists of direct-to-consumer channel, solar partner channel and strategic partnership channel. It also develops and sells mounting structures through the installation and distribution operations under the SnapNrack brand. The Company operates primarily in Arizona, California, Delaware, Colorado, Connecticut, Hawaii, Maryland, Massachusetts, Nevada, New Hampshire, New Jersey, New York, Oregon, Pennsylvania and South Carolina, as well as the District of Columbia. Sunrun Inc. is headquartered in San Francisco, California.”
More news for Sunrun Inc (NASDAQ:RUN) were recently published by: Reuters.com, which released: “LG Chem to enter US home battery market with Sunrun deal” on October 26, 2016. Fool.com‘s article titled: “Sunrun Leaving Tesla for LG Chem Energy-Storage Solution” and published on October 31, 2016 is yet another important article.
RUN Company Profile
Sunrun Inc. (Sunrun), incorporated on June 20, 2008, is engaged in the design, development, installation, sale, ownership and maintenance of residential solar energy systems (Projects) in the United States. The Firm is engaged in providing solar energy services and products to its customers. Sunrun has over 111,000 clients across 15 states, as well as the District of Columbia. With its solar service offerings, the Company installs solar energy systems on its customers’ homes and provide them the solar power produced by those systems for a 20-year initial term. In addition, the Company monitors, maintains and insures the system during the term of the contract.
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