Sunrun (RUN) Receives Media Sentiment Rating of 0.14
News stories about Sunrun (NASDAQ:RUN) have been trending somewhat positive this week, according to Accern. The research firm scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Sunrun earned a coverage optimism score of 0.14 on Accern’s scale. Accern also gave news stories about the energy company an impact score of 45.0279638528242 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:
- U.S. solar panel installers brace for first decline as rooftop demand slips (ibj.com)
- Sunrun Inc Cmn Stk (RUN): Stock to Follow – ExpertGazette (expertgazette.com)
- SunRun, Inc. breached its 50 day moving average in a Bearish Manner : RUN-US : September 11, 2017 (finance.yahoo.com)
- Zacks: Analysts Anticipate Sunrun Inc. (RUN) Will Announce Quarterly Sales of $149.44 Million (americanbankingnews.com)
- Sunrun to Participate at Investor Conferences in September 2017 (finance.yahoo.com)
RUN has been the subject of a number of research analyst reports. ValuEngine lowered shares of Sunrun from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. BidaskClub lowered shares of Sunrun from a “strong-buy” rating to a “buy” rating in a report on Friday, August 11th. Zacks Investment Research raised shares of Sunrun from a “hold” rating to a “buy” rating and set a $7.75 price objective for the company in a report on Wednesday, July 12th. Goldman Sachs Group, Inc. (The) set a $10.00 price objective on shares of Sunrun and gave the company a “buy” rating in a report on Tuesday, June 20th. Finally, Barclays PLC increased their price objective on shares of Sunrun from $6.00 to $8.00 and gave the company an “overweight” rating in a report on Tuesday, August 8th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $9.33.
Shares of Sunrun (NASDAQ RUN) opened at 6.92 on Tuesday. Sunrun has a one year low of $4.15 and a one year high of $7.78. The firm’s 50-day moving average is $7.06 and its 200-day moving average is $5.94. The stock has a market capitalization of $734.63 million, a price-to-earnings ratio of 8.88 and a beta of -0.64.
Sunrun (NASDAQ:RUN) last announced its earnings results on Monday, August 7th. The energy company reported $0.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.03. The business had revenue of $137.85 million during the quarter, compared to the consensus estimate of $143.35 million. Sunrun had a positive return on equity of 14.25% and a negative net margin of 47.33%. The business’s quarterly revenue was up 12.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.31 EPS. Equities research analysts forecast that Sunrun will post $1.01 EPS for the current year.
In related news, insider Steven Vassallo sold 33,576 shares of the 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 Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Edward Harris Fenster sold 115,094 shares of the 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 transaction, the chairman now directly owns 2,371,439 shares of the company’s stock, valued at $16,173,213.98. The disclosure for this sale can be found here. Corporate insiders own 24.13% of the company’s stock.
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Sunrun Company Profile
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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