Brokerages forecast that Sunrun Inc (NASDAQ:RUN) will announce sales of $133.43 million for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Sunrun’s earnings, with estimates ranging from $121.66 million to $145.20 million. Sunrun reported sales of $120.58 million in the same quarter last year, which indicates a positive year-over-year growth rate of 10.7%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, March 14th.

According to Zacks, analysts expect that Sunrun will report full year sales of $133.43 million for the current financial year, with estimates ranging from $504.92 million to $705.11 million. For the next fiscal year, analysts forecast that the company will post sales of $735.04 million per share, with estimates ranging from $576.22 million to $959.81 million. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Sunrun.

Sunrun (NASDAQ:RUN) last announced its quarterly earnings data on Wednesday, November 8th. The energy company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.11. The company had revenue of $141.29 million for the quarter, compared to analysts’ expectations of $146.56 million. Sunrun had a return on equity of 9.25% and a net margin of 18.79%. Sunrun’s revenue was up 26.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.16 earnings per share.

Several analysts have issued reports on RUN shares. Zacks Investment Research cut Sunrun from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. Bank of America started coverage on Sunrun in a research report on Monday, November 6th. They set a “buy” rating on the stock. BidaskClub cut Sunrun from a “buy” rating to a “hold” rating in a research report on Wednesday, September 20th. Finally, Oppenheimer reaffirmed a “buy” rating and set a $10.00 target price on shares of Sunrun in a research report on Thursday, November 9th. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Sunrun presently has a consensus rating of “Buy” and an average target price of $7.95.

Shares of Sunrun (NASDAQ RUN) traded up $0.03 during midday trading on Wednesday, reaching $6.09. The company’s stock had a trading volume of 992,222 shares, compared to its average volume of 880,854. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.72 and a quick ratio of 0.60. The company has a market cap of $650.33 and a PE ratio of 6.92. Sunrun has a 1-year low of $4.21 and a 1-year high of $7.78.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Schwab Charles Investment Management Inc. boosted its position in Sunrun by 11.1% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 321,429 shares of the energy company’s stock valued at $1,897,000 after acquiring an additional 32,142 shares in the last quarter. DnB Asset Management AS boosted its position in shares of Sunrun by 4.1% in the 4th quarter. DnB Asset Management AS now owns 5,357,471 shares of the energy company’s stock worth $31,609,000 after purchasing an additional 212,607 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Sunrun in the 3rd quarter worth $2,642,000. Uniplan Investment Counsel Inc. boosted its position in shares of Sunrun by 136.7% in the 3rd quarter. Uniplan Investment Counsel Inc. now owns 1,379,779 shares of the energy company’s stock worth $7,657,000 after purchasing an additional 796,912 shares in the last quarter. Finally, Dimensional Fund Advisors LP acquired a new stake in shares of Sunrun in the 3rd quarter worth $869,000. 77.65% of the stock is currently owned by institutional investors and hedge funds.

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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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