The stock of Sunrun Inc (NASDAQ:RUN) is a huge mover today! About 4.40 million shares traded hands or 342.99% up from the average. Sunrun Inc (NASDAQ:RUN) has declined 1.45% since March 4, 2016 and is downtrending. It has underperformed by 9.49% the S&P500.
The move comes after 7 months positive chart setup for the $656.11 million company. It was reported on Oct, 7 by Barchart.com. We have $8.79 PT which if reached, will make NASDAQ:RUN worth $229.64 million 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 18 analyst reports since August 31, 2015 according to StockzIntelligence Inc. The stock has “Outperform” rating given by Oppenheimer on Tuesday, June 21. RBC Capital Markets initiated Sunrun Inc (NASDAQ:RUN) rating on Monday, August 31. RBC Capital Markets has “Outperform” rating and $16 price target. The stock of Sunrun Inc (NASDAQ:RUN) has “Overweight” rating given on Friday, January 22 by Barclays Capital. The company was initiated on Tuesday, September 8 by Morgan Stanley. Credit Suisse maintained Sunrun Inc (NASDAQ:RUN) rating on Monday, May 2. Credit Suisse has “Outperform” rating and $18 price target. The stock of Sunrun Inc (NASDAQ:RUN) has “Overweight” rating given on Monday, March 14 by Morgan Stanley. The firm has “Outperform” rating given on Monday, August 31 by Credit Suisse. The company was initiated on Monday, August 31 by Goldman Sachs. The firm earned “Equal-Weight” rating on Thursday, February 11 by Barclays Capital. Morgan Stanley maintained the stock with “Overweight” rating in Monday, December 21 report.
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 important recent Sunrun Inc (NASDAQ:RUN) news were published by: Fool.com which released: “Why Sunrun Inc’s Shares Popped 17% in August” on September 09, 2016, also Fool.com published article titled: “Why Sunrun Inc.’s Shares Popped 28% Today”, Bloomberg.com published: “Sunrun Soars on Beating Rooftop Solar-Installation Forecast” on August 12, 2016. More interesting news about Sunrun Inc (NASDAQ:RUN) was released by: Fool.com and their article: “Why Sunrun Inc.’s Shares Plunged 19.5% in May” with publication date: June 07, 2016.
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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