Sunrun (NASDAQ:RUN) Getting Somewhat Favorable Media Coverage, Analysis Shows

News headlines about Sunrun (NASDAQ:RUN) have trended somewhat positive this week, according to Accern. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Sunrun earned a news sentiment score of 0.14 on Accern’s scale. Accern also assigned news headlines about the energy company an impact score of 45.8004585866693 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

These are some of the news headlines that may have effected Accern’s scoring:

A number of research firms have recently issued reports on RUN. BidaskClub cut shares of Sunrun from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 11th. Bank of America Corporation reissued a “neutral” rating and issued a $8.00 price target (up previously from $7.75) on shares of Sunrun in a report on Thursday, August 10th. Zacks Investment Research lowered shares of Sunrun from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Barclays PLC raised their price target on shares of Sunrun from $6.00 to $8.00 and gave the company an “overweight” rating in a report on Tuesday, August 8th. Finally, ValuEngine raised shares of Sunrun from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 6th. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $9.24.

Sunrun (NASDAQ RUN) traded up 3.01% during midday trading on Friday, reaching $6.85. 840,579 shares of the company traded hands. The stock has a market capitalization of $727.20 million, a P/E ratio of 8.79 and a beta of -0.69. The company has a 50 day moving average of $7.10 and a 200-day moving average of $5.82. Sunrun has a 12-month low of $4.15 and a 12-month high of $7.64.

Sunrun (NASDAQ:RUN) last released its quarterly earnings data on Monday, August 7th. The energy company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.03. Sunrun had a net margin of 17.65% and a return on equity of 8.76%. The firm had revenue of $137.85 million for the quarter, compared to analyst estimates of $143.35 million. During the same period last year, the firm earned $0.31 earnings per share. The business’s quarterly revenue was up 12.5% compared to the same quarter last year. Equities analysts anticipate that Sunrun will post $1.01 EPS for the current fiscal year.

In other Sunrun news, Chairman Edward Harris Fenster sold 115,094 shares of the firm’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $6.82, for a total value of $784,941.08. Following the transaction, the chairman now directly owns 2,371,439 shares of the company’s stock, valued at $16,173,213.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 24.13% of the stock is currently owned by company insiders.

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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.

Insider Buying and Selling by Quarter for Sunrun (NASDAQ:RUN)

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