Sunrun Inc. (RUN) Announces Quarterly Earnings Results
Sunrun Inc. (NASDAQ:RUN) announced its earnings results on Wednesday. The energy company reported $0.25 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.11, Briefing.com reports. The firm had revenue of $141.29 million for the quarter, compared to the consensus estimate of $146.56 million. Sunrun had a return on equity of 9.53% and a net margin of 18.79%. The business’s quarterly revenue was up 26.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.16 EPS.
Shares of Sunrun (RUN) traded down $0.41 during trading hours on Friday, hitting $5.83. The stock had a trading volume of 1,876,851 shares, compared to its average volume of 1,094,339. The firm has a market cap of $628.97, a P/E ratio of 6.77, a price-to-earnings-growth ratio of 0.51 and a beta of -0.68. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.71 and a quick ratio of 0.61. Sunrun has a 12 month low of $4.21 and a 12 month high of $7.78.
Several research analysts have commented on the company. BidaskClub downgraded Sunrun from a “buy” rating to a “hold” rating in a report on Wednesday, September 20th. Bank of America Corporation assumed coverage on Sunrun in a report on Monday. They set a “buy” rating on the stock. Zacks Investment Research downgraded Sunrun from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Barclays PLC lifted their target price on Sunrun from $6.00 to $8.00 and gave the stock an “overweight” rating in a report on Tuesday, August 8th. Finally, ValuEngine downgraded Sunrun from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $7.88.
In other news, insider Steven Vassallo sold 33,576 shares of the business’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $7.16, for a total value of $240,404.16. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 24.13% of the stock is owned by insiders.
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Sunrun Inc is engaged in the design, development, installation, sale, ownership and maintenance of residential solar energy systems (Projects) in the United States. The Company is engaged in providing solar energy services and products to its customers. As of December 31, 2016, it operated a fleet of residential solar energy systems in the United States, with approximately 134,000 customers across 16 states, as well as the District of Columbia.
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