The stock of Sunrun Inc (NASDAQ:RUN) reached all time low today, Nov, 3 and still has $4.14 target or 11.00% below today’s $4.65 share price. This indicates more downside for the $479.29 million company. This technical setup was reported by Barchart.com. If the $4.14 PT is reached, the company will be worth $52.72 million less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. The stock increased 0.43% or $0.02 during the last trading session, hitting $4.65. About 1.74 million shares traded hands or 20.00% up from the average. Sunrun Inc (NASDAQ:RUN) has declined 28.11% since April 1, 2016 and is downtrending. It has underperformed by 29.32% the S&P500.
Analysts await Sunrun Inc (NASDAQ:RUN) to report earnings on November, 10. They expect $-0.43 EPS, down 4.88% or $0.02 from last year’s $-0.41 per share. After $0.31 actual EPS 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 “Outperform” rating by Credit Suisse given on Friday, March 11. The firm earned “Buy” rating on Monday, August 31 by Bank of America. The stock has “Overweight” rating given by Morgan Stanley on Monday, December 21. On Tuesday, June 21 the stock rating was initiated by Oppenheimer with “Outperform”. The company was initiated on Friday, January 22 by Barclays Capital. The firm earned “Overweight” rating on Tuesday, September 8 by Morgan Stanley. The stock of Sunrun Inc (NASDAQ:RUN) has “Overweight” rating given on Thursday, December 17 by KeyBanc Capital Markets. The stock has “Overweight” rating given by Morgan Stanley on Monday, March 14. Goldman Sachs upgraded Sunrun Inc (NASDAQ:RUN) on Friday, October 7 to “Buy” rating. Goldman Sachs downgraded the shares of RUN in a report on Tuesday, January 5 to “Neutral” rating.
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 recent Sunrun Inc (NASDAQ:RUN) news were published by: 247Wallst.com which released: “Top Analyst Upgrades and Downgrades: Brocade, Facebook, First Solar, Fitbit …” on November 03, 2016. Also Fool.com published the news titled: “Sunrun Leaving Tesla for LG Chem Energy-Storage Solution” on October 31, 2016. Latimes.com‘s news article titled: “Sunrun partners with LG to provide residential electricity storage” with publication date: October 26, 2016 was also an interesting one.
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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