Sunrun (RUN) Getting Somewhat Favorable Press Coverage, Analysis Shows
Media stories about Sunrun (NASDAQ:RUN) have been trending somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research firm identifies positive and negative media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Sunrun earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave media headlines about the energy company an impact score of 46.0164872343189 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:
- Solar Industry Wants to Build Puerto Rico’s Grid of the Future (bloomberg.com)
- $0.12 EPS Expected for Sunrun Inc. (RUN) This Quarter (americanbankingnews.com)
- Sunrun : Empowered by Light, Sunrun and Givepower Partner with Firefighters to Deliver Solar and Water Systems to Puerto Rico (4-traders.com)
- First Solar Jumps Into Trade Case Against Industry Majority (bloombergquint.com)
Several research firms recently weighed in on RUN. BidaskClub lowered Sunrun from a “buy” rating to a “hold” rating in a report on Wednesday, September 20th. ValuEngine upgraded Sunrun from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 6th. Zacks Investment Research lowered Sunrun from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Barclays PLC increased their price target on Sunrun from $6.00 to $8.00 and gave the company an “overweight” rating in a report on Tuesday, August 8th. Finally, Bank of America Corporation restated a “neutral” rating and set a $8.00 price target (up previously from $7.75) on shares of Sunrun in a report on Thursday, August 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Sunrun presently has an average rating of “Buy” and a consensus target price of $9.15.
Sunrun (NASDAQ:RUN) traded up 0.90% during mid-day trading on Wednesday, reaching $5.59. The company’s stock had a trading volume of 856,986 shares. The stock has a market cap of $593.44 million, a price-to-earnings ratio of 7.18 and a beta of -0.71. Sunrun has a 12-month low of $4.15 and a 12-month high of $7.78. The firm’s 50 day moving average price is $5.90 and its 200 day moving average price is $5.90.
Sunrun (NASDAQ:RUN) last posted its earnings results on Monday, August 7th. The energy company reported $0.23 EPS for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.03. Sunrun had a return on equity of 8.76% and a net margin of 17.65%. The company had revenue of $137.85 million for the quarter, compared to the consensus estimate of $143.35 million. During the same quarter in the previous year, the business earned $0.31 earnings per share. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. On average, equities analysts predict that Sunrun will post $1.00 earnings per share for the current year.
In other Sunrun news, insider Steven Vassallo sold 33,576 shares of Sunrun stock in a transaction on Monday, August 28th. The stock was sold at an average price of $7.16, for a total value of $240,404.16. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Edward Harris Fenster sold 115,094 shares of Sunrun stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $6.82, for a total value of $784,941.08. Following the completion of the sale, the chairman now owns 2,371,439 shares in the company, valued at approximately $16,173,213.98. The disclosure for this sale can be found here. 24.13% of the stock is owned by insiders.
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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