Somewhat Positive Media Coverage Somewhat Unlikely to Impact Sunrun (RUN) Stock Price
News coverage about Sunrun (NASDAQ:RUN) has been trending somewhat positive on Saturday, according to Accern Sentiment. The research group ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Sunrun earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned news stories about the energy company an impact score of 46.8686175673805 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news stories that may have impacted Accern Sentiment’s analysis:
- Sunrun Inc. (RUN) Releases Quarterly Earnings Results, Beats Expectations By $0.11 EPS (americanbankingnews.com)
- Oppenheimer Holdings, Inc. Reiterates “Buy” Rating for Sunrun Inc. (RUN) (americanbankingnews.com)
- (NYSE: FN), AZZ Inc., (NYSE: AZZ), The India Fund … – Stocks Updates – Stocks In The News (press release) (tradingnewsnow.com)
- Solar Installers Are Getting Closer to Profitability – Bloomberg (bloomberg.com)
- Sunrun 3rd-qtr volumes top view as company gains share – Reuters (reuters.com)
Several brokerages recently commented on RUN. Oppenheimer Holdings, Inc. reiterated a “buy” rating and set a $10.00 price target on shares of Sunrun in a report on Thursday. Zacks Investment Research downgraded shares of Sunrun from a “hold” rating to a “sell” rating in a report on Thursday. Bank of America Corporation began coverage on shares of Sunrun in a report on Monday, November 6th. They set a “buy” rating on the stock. BidaskClub upgraded shares of Sunrun from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. Finally, ValuEngine downgraded shares of Sunrun from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $7.88.
Shares of Sunrun (RUN) traded down $0.41 during mid-day trading on Friday, reaching $5.83. 1,877,700 shares of the company’s stock were exchanged, compared to its average volume of 1,094,344. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.72 and a quick ratio of 0.61. The company has a market cap of $666.35, a P/E ratio of 7.17, a P/E/G ratio of 0.54 and a beta of -0.68. Sunrun has a twelve month low of $4.21 and a twelve month high of $7.78.
Sunrun (NASDAQ:RUN) last issued its earnings results on Wednesday, November 8th. The energy company reported $0.25 EPS for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.11. The business had revenue of $141.29 million for the quarter, compared to the consensus estimate of $146.56 million. Sunrun had a net margin of 18.79% and a return on equity of 9.25%. The company’s revenue for the quarter was up 26.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.16 EPS. analysts expect that Sunrun will post 0.54 earnings per share for the current fiscal year.
In other Sunrun news, insider Steven Vassallo sold 33,576 shares of the company’s stock in a transaction dated Monday, August 28th. The shares were 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 is available through this link. 24.13% of the stock is owned by corporate 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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