Wall Street brokerages predict that Sunrun Inc (NASDAQ:RUN) will report sales of $127.32 million for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Sunrun’s earnings. The highest sales estimate is $138.20 million and the lowest is $120.65 million. Sunrun posted sales of $104.12 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 22.3%. The business is expected to report its next earnings report on Wednesday, May 9th.
According to Zacks, analysts expect that Sunrun will report full year sales of $127.32 million for the current fiscal year, with estimates ranging from $616.70 million to $959.16 million. For the next fiscal year, analysts anticipate that the firm will post sales of $872.05 million per share, with estimates ranging from $713.40 million to $1.13 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Sunrun.
Several equities analysts recently issued reports on the company. Zacks Investment Research upgraded Sunrun from a “hold” rating to a “buy” rating and set a $6.75 price target on the stock in a report on Thursday, January 4th. Deutsche Bank set a $10.00 price target on Sunrun and gave the company a “buy” rating in a report on Monday, January 22nd. ValuEngine cut Sunrun from a “strong-buy” rating to a “buy” rating in a report on Friday, February 2nd. BidaskClub cut Sunrun from a “hold” rating to a “sell” rating in a report on Wednesday, February 7th. Finally, Credit Suisse Group assumed coverage on Sunrun in a report on Monday, February 12th. They issued an “outperform” rating and a $15.00 price target on the stock. One analyst has rated the stock with a sell rating and ten have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $9.36.
Shares of Sunrun (RUN) traded up $0.07 during trading hours on Thursday, hitting $7.27. The stock had a trading volume of 1,880,000 shares, compared to its average volume of 2,060,000. Sunrun has a 52 week low of $4.21 and a 52 week high of $7.78. The firm has a market capitalization of $781.77 and a price-to-earnings ratio of 5.05. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.01 and a current ratio of 1.29.
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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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