Media headlines about Sunrun (NASDAQ:RUN) have trended somewhat positive recently, according to Accern Sentiment. The research group scores the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Sunrun earned a news impact score of 0.19 on Accern’s scale. Accern also assigned press coverage about the energy company an impact score of 46.0322513425592 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
- Climate 101: Deforestation (environmentguru.com)
- Sunrun Inc. (NASDAQ:RUN) Downgraded by BidaskClub (americanbankingnews.com)
- Sunrun Inc (RUN) Ichimoku Levels Indicate Positive Trend - Evergreen Caller (evergreencaller.com)
- Sunrun Inc (RUN) AO Signal Trending Downward - Evergreen Caller (evergreencaller.com)
- The Bull Case for Sunrun Inc. (RUN) – Economics and money - Economic News (economicsandmoney.com)
Shares of Sunrun (NASDAQ RUN) traded up 2.35% during midday trading on Monday, hitting $6.98. The stock had a trading volume of 417,469 shares. The company’s 50 day moving average is $7.11 and its 200 day moving average is $5.78. The company has a market cap of $741.00 million, a PE ratio of 8.96 and a beta of -0.69. Sunrun has a 52-week low of $4.15 and a 52-week high of $7.64.
Sunrun (NASDAQ:RUN) last issued its quarterly earnings results on Monday, August 7th. The energy company reported $0.23 earnings per share for the quarter, topping the 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 firm had revenue of $137.85 million for the quarter, compared to the consensus estimate of $143.35 million. During the same period in the prior year, the business posted $0.31 earnings per share. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. On average, analysts anticipate that Sunrun will post $1.01 earnings per share for the current year.
A number of equities analysts have commented on RUN shares. Bank of America Corporation reaffirmed a “neutral” rating and issued a $8.00 price target (up from $7.75) on shares of Sunrun in a research note on Thursday. Zacks Investment Research cut Sunrun from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. BidaskClub cut Sunrun from a “strong-buy” rating to a “buy” rating in a research note on Friday. Barclays PLC lifted their price target on Sunrun from $6.00 to $8.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 8th. Finally, Goldman Sachs Group, Inc. (The) set a $10.00 price target on Sunrun and gave the stock a “buy” rating in a research note on Tuesday, June 20th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company’s stock. Sunrun currently has an average rating of “Buy” and an average target price of $9.82.
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In other news, Chairman Edward Harris Fenster sold 115,094 shares of the stock in a transaction that occurred on 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 in the company, valued at $16,173,213.98. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 24.13% of the company’s stock.
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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