The stock of Sunrun Inc (NASDAQ:RUN) is a huge mover today! About 1.32 million shares traded hands. Sunrun Inc (NASDAQ:RUN) has declined 26.19% since April 4, 2016 and is downtrending. It has underperformed by 27.28% the S&P500.
The move comes after 9 months positive chart setup for the $487.53 million company. It was reported on Nov, 4 by Barchart.com. We have $7.66 PT which if reached, will make NASDAQ:RUN worth $302.27M more.
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 19 analyst reports since August 31, 2015 according to StockzIntelligence Inc. The company was initiated on Monday, August 31 by Bank of America. The rating was initiated by JMP Securities on Thursday, September 8 with “Mkt Outperform”. The rating was initiated by Credit Suisse on Monday, August 31 with “Outperform”. Morgan Stanley maintained the stock with “Overweight” rating in Monday, December 21 report. The firm has “Outperform” rating given on Tuesday, June 21 by Oppenheimer. The rating was initiated by KeyBanc Capital Markets with “” on Wednesday, October 21. The company was maintained on Monday, May 2 by Credit Suisse. The firm earned “Overweight” rating on Tuesday, September 8 by Morgan Stanley. The rating was initiated by Goldman Sachs on Monday, August 31 with “Buy”. The stock of Sunrun Inc (NASDAQ:RUN) earned “Outperform” rating by Credit Suisse on Friday, March 11.
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: Fool.com which released: “Sunrun Leaving Tesla for LG Chem Energy-Storage Solution” on October 31, 2016. Also Latimes.com published the news titled: “Sunrun partners with LG to provide residential electricity storage” on October 26, 2016. 247Wallst.com‘s news article titled: “Top Analyst Upgrades and Downgrades: Brocade, Facebook, First Solar, Fitbit …” with publication date: November 03, 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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