Sunrun (NASDAQ:RUN) Releases Earnings Results, Beats Expectations By $0.09 EPS

Sunrun (NASDAQ:RUN - Get Free Report) released its earnings results on Wednesday. The energy company reported ($0.40) EPS for the quarter, topping 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 net margin of 71.00% and a negative return on equity of 5.58%. The business's revenue was down 22.3% on a year-over-year basis. During the same quarter last year, the business earned ($1.12) EPS.

Sunrun Stock Performance

NASDAQ:RUN traded up $0.90 during trading hours on Thursday, reaching $12.41. 21,137,904 shares of the stock were exchanged, compared to its average volume of 13,725,662. The firm has a 50 day simple moving average of $11.35 and a 200-day simple moving average of $13.14. The company has a quick ratio of 0.96, a current ratio of 1.26 and a debt-to-equity ratio of 1.68. Sunrun has a 52 week low of $8.43 and a 52 week high of $23.85. The stock has a market capitalization of $2.75 billion, a P/E ratio of -1.64 and a beta of 2.50.

Insider Transactions at Sunrun

In other news, Director Edward Harris Fenster sold 172,920 shares of the company's stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $11.95, for a total transaction of $2,066,394.00. Following the completion of the transaction, the director now directly owns 1,261,317 shares of the company's stock, valued at $15,072,738.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CRO Paul S. Dickson sold 10,412 shares of the business's stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $12.12, for a total value of $126,193.44. Following the sale, the executive now owns 298,717 shares of the company's stock, valued at approximately $3,620,450.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Edward Harris Fenster sold 172,920 shares of the business's stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $11.95, for a total value of $2,066,394.00. Following the completion of the sale, the director now directly owns 1,261,317 shares in the company, valued at approximately $15,072,738.15. The disclosure for this sale can be found here. In the last three months, insiders have sold 301,760 shares of company stock worth $3,615,990. 3.76% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Truist Financial reaffirmed a "hold" rating and set a $14.00 price target (down from $15.00) on shares of Sunrun in a research note on Monday, February 26th. Mizuho lowered their target price on Sunrun from $28.00 to $23.00 and set a "buy" rating on the stock in a report on Friday, April 19th. Janney Montgomery Scott downgraded Sunrun from a "buy" rating to a "neutral" rating in a research note on Tuesday, February 27th. Oppenheimer restated an "outperform" rating and set a $19.00 target price on shares of Sunrun in a report on Thursday, February 22nd. Finally, Piper Sandler cut their price objective on Sunrun from $31.00 to $27.00 and set an "overweight" rating for the company in a research report on Thursday, February 22nd. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $21.21.

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.