Sunrun (NASDAQ:RUN – Get Free Report) issued its quarterly earnings results on Wednesday. The energy company reported ($0.40) earnings per share for the quarter, beating the consensus estimate of ($0.49) by $0.09, Briefing.com reports. The company had revenue of $458.20 million during the quarter, compared to analysts’ expectations of $471.38 million. Sunrun had a negative return on equity of 5.58% and a negative net margin of 71.00%. The business’s quarterly revenue was down 22.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($1.12) earnings per share.
Sunrun Stock Up 7.8 %
Shares of NASDAQ:RUN opened at $12.41 on Friday. Sunrun has a 52-week low of $8.43 and a 52-week high of $23.85. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.96 and a current ratio of 1.26. The business’s 50 day simple moving average is $11.36 and its two-hundred day simple moving average is $13.13. The firm has a market cap of $2.75 billion, a P/E ratio of -1.68 and a beta of 2.50.
Insider Activity
In other news, Director Lynn Michelle Jurich sold 4,830 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $12.12, for a total value of $58,539.60. Following the transaction, the director now owns 1,403,915 shares in the company, valued at $17,015,449.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Lynn Michelle Jurich sold 4,830 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $12.12, for a total value of $58,539.60. Following the transaction, the director now owns 1,403,915 shares in the company, valued at $17,015,449.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Edward Harris Fenster sold 172,920 shares of the firm’s stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $11.95, for a total value of $2,066,394.00. Following the completion of the transaction, the director now owns 1,261,317 shares in the company, valued at approximately $15,072,738.15. The disclosure for this sale can be found here. Insiders have sold 301,760 shares of company stock worth $3,615,990 over the last 90 days. 3.76% of the stock is currently owned by corporate insiders.
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About Sunrun
Sunrun Inc designs, develops, installs, sells, owns, and maintains residential solar energy systems in the United States. It also sells solar energy systems and products, such as panels and racking; and solar leads generated to customers. In addition, the company offers battery storage along with solar energy systems; and sells services to commercial developers through multi-family and new homes.
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