Somewhat Positive Press Coverage Somewhat Unlikely to Affect Sunrun (RUN) Share Price
Media coverage about Sunrun (NASDAQ:RUN) has been trending somewhat positive recently, according to Accern Sentiment. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Sunrun earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave news headlines about the energy company an impact score of 45.8233961459735 out of 100, indicating 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 headlines that may have impacted Accern’s analysis:
- SYRIAN REFUGEES AND MILITARY VETERANS JOIN GROWING SOLAR INDUSTRY (eastcountymagazine.org)
- Technical Insights on Semiconductor Stocks — First Solar, Himax Technologies, Sunrun, and Vivint Solar (marketwatch.com)
- Analysts recommend to Buy Technology Stock: Sunrun Inc. (RUN) – Street Observer (press release) (streetobserver.com)
- Zacks Investment Research Lowers Sunrun Inc. (RUN) to Sell (americanbankingnews.com)
- Will Solar, Storage Arrival In Puerto Rico Be a Breakthrough? (renewableenergyworld.com)
Shares of Sunrun (NASDAQ RUN) traded down 1.65% during mid-day trading on Thursday, hitting $5.38. The stock had a trading volume of 414,680 shares. The firm has a market cap of $571.15 million, a price-to-earnings ratio of 6.91 and a beta of -0.71. Sunrun has a one year low of $4.15 and a one year high of $7.20. The company has a 50-day moving average of $5.94 and a 200 day moving average of $5.94.
Sunrun (NASDAQ:RUN) last posted its quarterly earnings results on Monday, August 7th. The energy company reported $0.23 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $143.35 million. During the same period last year, the business earned $0.31 EPS. The business’s quarterly revenue was up 12.5% on a year-over-year basis. On average, equities research analysts forecast that Sunrun will post $1.01 earnings per share for the current year.
Several analysts have commented on RUN shares. Zacks Investment Research cut Sunrun from a “hold” rating to a “sell” rating in a report on Tuesday. BidaskClub cut Sunrun from a “hold” rating to a “sell” rating in a report on Tuesday. ValuEngine cut Sunrun from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Bank of America Corporation restated a “neutral” rating and issued a $8.00 price target (up previously from $7.75) on shares of Sunrun in a report on Thursday, August 10th. Finally, Barclays PLC lifted 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. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Sunrun presently has an average rating of “Buy” and a consensus target price of $9.33.
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In other news, insider Steven Vassallo sold 33,576 shares of the firm’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $7.16, for a total transaction of $240,404.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Edward Harris Fenster sold 115,094 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $6.82, for a total value of $784,941.08. Following the sale, 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. 24.13% of the stock is owned by company insiders.
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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