The stock of Sunrun Inc (NASDAQ:RUN) is a huge mover today! The stock increased 4.55% or $0.23 on November 23, hitting $5.28. About 1.29M shares traded hands. Sunrun Inc (NASDAQ:RUN) has declined 33.25% since April 22, 2016 and is downtrending. It has underperformed by 38.66% the S&P500.
The move comes after 8 months positive chart setup for the $574.31 million company. It was reported on Nov, 24 by Barchart.com. We have $5.70 PT which if reached, will make NASDAQ:RUN worth $45.94 million more.
Analysts await Sunrun Inc (NASDAQ:RUN) to report earnings on March, 9. RUN’s profit will be $13.05 million for 11.00 P/E if the $0.12 EPS becomes a reality. After $0.16 actual EPS reported by Sunrun Inc for the previous quarter, Wall Street now forecasts -25.00% negative EPS growth.
Sunrun Inc (NASDAQ:RUN) Ratings Coverage
Out of 9 analysts covering Sunrun Inc (NASDAQ:RUN), 7 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 78% are positive. Sunrun Inc has been the topic of 22 analyst reports since August 31, 2015 according to StockzIntelligence Inc. The stock has “Outperform” rating given by Credit Suisse on Friday, March 11. On Monday, December 21 the stock rating was maintained by Morgan Stanley with “Overweight”. The rating was initiated by KeyBanc Capital Markets on Wednesday, October 21 with “”. Credit Suisse reinitiated the stock with “Outperform” rating in Thursday, November 3 report. The stock has “Overweight” rating given by Morgan Stanley on Monday, March 14. Credit Suisse initiated Sunrun Inc (NASDAQ:RUN) on Monday, August 31 with “Outperform” rating. The rating was upgraded by Goldman Sachs to “Buy” on Friday, October 7. The company was downgraded on Wednesday, November 9 by Bank of America. The company was initiated on Monday, August 31 by Goldman Sachs. The firm earned “Overweight” rating on Tuesday, September 8 by Morgan Stanley.
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: “How Sunrun Inc Outperforms Residential Solar Rivals” on November 14, 2016. Also Fool.com published the news titled: “Why Sunrun Inc.’s Shares Plunged 17% in October” on November 08, 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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