Sunrun Inc (NASDAQ:RUN) shares traded -2.39% lower at $11.83 on Wall Street last session.
RUN stock price is now -9.56% away from the 50-day moving average and -18.00% away from the 200-day moving average. The market capitalization of the company currently stands at $2.60B.
, while ‘Piper Sandler’ rates the stock as ‘Overweight’
In other news, Jurich Lynn Michelle, Director sold 2,836 shares of the company’s stock on Mar 18 ’24. The stock was sold for $28,378 at an average price of $10.01. Upon completion of the transaction, the Director now directly owns 1,399,810 shares in the company, valued at $16.56 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 18 ’24, Chief Legal & People Officer STEELE JEANNA sold 805 shares of the business’s stock. A total of $8,062 was realized by selling the stock at an average price of $10.02. This leaves the insider owning 238,919 shares of the company worth $2.83 million. A total of 2.84% of the company’s stock is owned by insiders.
During the past 12 months, Sunrun Inc has had a low of $8.43 and a high of $23.85. As of last week, the company has a debt-to-equity ratio of 2.14, a current ratio of 1.26, and a quick ratio of 0.96. The fifty day moving average price for RUN is $13.05 and a two-hundred day moving average price translates $14.39 for the stock.
The latest earnings results from Sunrun Inc (NASDAQ: RUN) was released for Dec, 2023. According to the Solar Company, earnings per share came in at -$1.6, missing analysts’ expectations of -$0.29 by -1.31. This compares to $0.32 EPS in the same period last year. The net profit margin was -70.98% and return on equity was -26.87% for RUN. The company reported revenue of $516.59 million for the quarter, compared to $609.15 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -15.2 percent. For the current quarter, analysts expect RUN to generate $477.02M in revenue.
Sunrun Inc(RUN) Company Profile
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. Its primary customers are residential homeowners. The company markets and sells its products through direct-to-consumer approach across online, retail, mass media, digital media, canvassing, field marketing, and referral channels, as well as its partner network. Sunrun Inc. was founded in 2007 and is headquartered in San Francisco, California.
