RUN - Sunrun Inc.
Chart Events
Performance Outlook
- Short Term2W - 6W
- Mid Term6W - 9M
- Long Term9M+
| Previous Close | 18.28 |
| Open | 18.78 |
| Bid | 18.69 x 1200 |
| Ask | 18.70 x 900 |
| Day's Range | 18.55 - 19.37 |
| 52 Week Range | 7.84 - 23.66 |
| Volume | 1,522,207 |
| Avg. Volume | 2,506,234 |
| Market Cap | 2.249B |
| Beta (5Y Monthly) | 0.63 |
| PE Ratio (TTM) | 287.54 |
| EPS (TTM) | 0.06 |
| Earnings Date | Aug 05, 2020 - Aug 10, 2020 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 19.25 |
- GlobeNewswire
Sunrun Announces Derek Noble As Vice President of Channel Partners
SAN FRANCISCO, May 28, 2020 -- Sunrun (Nasdaq: RUN), the nation’s leading residential solar, battery storage, and energy services company, today announced that Derek Noble will.
- GlobeNewswire
Colorado and Nevada Residents Can Now Power Through With Sunrun’s Brightbox Rechargeable Solar Battery System
Sunrun Inc. (RUN), the nation’s leading home solar, battery storage and energy services company, today announced it is introducing its Brightbox rechargeable solar battery system to Colorado and Nevada. Now, people living in Xcel Energy’s service territory in Colorado and NV Energy’s service territory in Nevada can get Brightbox from as little as zero dollars down and at a consistent, low monthly rate.
- GlobeNewswire
Sunrun Changes 2020 Annual Meeting of Stockholders to Virtual Format
Sunrun Inc. (RUN), the nation’s leading provider of residential solar, storage and energy services, today announced that the location and format of its 2020 Annual Meeting of Stockholders has been changed to a virtual-only meeting format, due to the impacts of COVID-19 and related public safety measures. Stockholders will not be able to attend the Annual Meeting in person. There is no change to the items of business to be addressed at the Annual Meeting, which are described in Sunrun’s proxy materials previously made available to stockholders in connection with the Annual Meeting.
- Barrons.com
Why Solar Stocks Are Persevering Through the Downturn
The transition to renewable energy remains a long-term trend that investors still want to bet on regardless of the current level of demand.
- Motley Fool
Sunrun (RUN) Q1 2020 Earnings Call Transcript
RUN earnings call for the period ending March 31, 2020.
- Thomson Reuters StreetEvents
Edited Transcript of RUN earnings conference call or presentation 6-May-20 9:00pm GMT
Q1 2020 Sunrun Inc Earnings Call
- GlobeNewswire
Sunrun Reports First Quarter 2020 Financial Results
298,000 Customers, an increase of 23% year-over-year Net Earning Assets of $1.6 billion, an increase of 12% year-over-year Transitioned to a Digital Sales and Streamlined.
- Motley Fool
Why Sunrun Stock Jumped 38.9% in April
Shares of Sunrun (NASDAQ: RUN) jumped 38.9% last month, according to data provided by S&P Global Market Intelligence, after the residential solar installer gave a fairly positive update to investors. The biggest update for investors came on April 6, when Sunrun said it deployed 97.4 megawatts (MW) in the first quarter of 2020, ended the period with $366 million in cash, and was accelerating a shift to online sales. All told, Sunrun should have enough financing and operating cash to get through the worst of the public health crisis.
- Zacks
CSIQ or RUN: Which Is the Better Value Stock Right Now?
CSIQ vs. RUN: Which Stock Is the Better Value Option?
- Insider Monkey
Why Massif Capital is Bearish on Sunrun (RUN) Stock?
North Carolina-based asset management firm Massif Capital, LLC released its first-quarter investor letter last month – a copy of which is available for download here. The fund was co-founded and is currently being co-managed by Will Thomson and Chip Russell. In their recent letter to investors, Massif Capital announced that the core portfolio was up […]
- LA Times
Fires are coming. But PG&E and some cities are holding up battery backups
Some solar workers have been ordered down from rooftops after neighbors called the police, solar industry officials say.
- GlobeNewswire
Sunrun Announces Tom vonReichbauer as New Chief Financial Officer
Sunrun (RUN), the nation’s leading provider of residential solar, storage and energy services, today announced that Tom vonReichbauer will be joining the company as its new Chief Financial Officer. Tom vonReichbauer brings considerable industry experience as a leader at disruptive, mission-driven companies in the consumer energy industry including Google, Nest, and Tesla. Most recently he was a Vice President at Google after serving as Chief Business Officer of Nest from 2015 to 2018, leading the company’s go-to-market operations.
- GlobeNewswire
Sunrun Prevents Emission of More Than 5 Million Metric Tons of Carbon Pollution
SAN FRANCISCO, April 22, 2020 -- Sunrun Inc. (Nasdaq:RUN), the nation’s leading home solar, battery storage, and energy services company, has prevented the emission of more.
- Insider Monkey
Were Hedge Funds Right About Sunrun Inc (RUN)?
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
- GlobeNewswire
Sunrun Announces Date and Conference Call Details for First Quarter 2020 Earnings Report
SAN FRANCISCO, April 17, 2020 -- Sunrun (Nasdaq: RUN) today announced that it will issue its first quarter 2020 earnings report after the market closes Wednesday, May 6, 2020..
- GlobeNewswire
Sunrun Now Offering New Customers Access To Home Solar And Batteries For $1 Per Month For 6 Months
Sunrun, Inc. (RUN), the nation’s leading home solar, battery storage, and energy services company, today introduced a new product to provide immediate financial relief and energy security for families nationwide. New customers can now access rooftop solar and Sunrun’s Brightbox solar-powered home battery service from as little as zero dollars down and at a $1 monthly rate for the first six months.
- GuruFocus.com
Sunrun Is Running Out of Gas
The top solar panel installer is too optimistic about its ability to reduce cash burn Continue reading...
- GlobeNewswire
Sunrun Provides Update on First Quarter 2020
Sunrun (RUN), the nation’s leading provider of residential solar, storage and energy services, today announced select, preliminary and unaudited financial and operational performance metrics for the first quarter of 2020. In the first quarter of 2020, Megawatts Deployed was 97.4. The company ended the quarter with $366 million in total cash, an increase of $3 million from the fourth quarter, including $286 million in unrestricted cash, an increase of $17 million from the fourth quarter.
- Simply Wall St.
How Does Sunrun's (NASDAQ:RUN) P/E Compare To Its Industry, After The Share Price Drop?
To the annoyance of some shareholders, Sunrun (NASDAQ:RUN) shares are down a considerable 59% in the last month...
- Thomson Reuters StreetEvents
Edited Transcript of RUN earnings conference call or presentation 27-Feb-20 10:00pm GMT
Q4 2019 Sunrun Inc Earnings Call
- Simply Wall St.
Despite Its High P/E Ratio, Is Sunrun Inc. (NASDAQ:RUN) Still Undervalued?
The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). We'll show how you can use...
- MarketWatch
Tesla and Chinese rival Nio, along with solar stocks, slammed by crude oil's plunge
Shares of solar power companies tumbled in premarket trade Monday, as crude prices fell more than 22% amid a price war between Saudi Arabia and Russia. Solar stocks typically fall with crude price declines, as cheap oil makes the technology look less appealing. Electric car maker Tesla Inc. shares were also lower, down 14% at last check, while its Chinese rival Nio Inc. was down 16%. Among solar stocks, Enphase Energy Inc. was down 14%, Vivint Solar was down 12%, Canadian Solar Inc. was down 11% and JinkoSolar Holding Co. Ltd. was down 10%. First Solar Inc. and SolarEdge Technologies Inc. were down 10%, Sunrun Inc. was down 9.6%.
- TipRanks
2 “Strong Buy” Stocks to Consider Amid the Coronavirus Sell-Off
Is the worst of the market’s slump behind us? Based on trading so far this week, the answer might be no.The constant stream of unsettling developments has had the world teetering precariously on edge. So far, the coronavirus has claimed the lives of more than 3,000, with the total number of infections globally surpassing 89,000.Among the deluge of alarming headlines, the canny investor can seek refuge in one undisputed fact: Even in times of crisis, there are still plenty of Buy-rated choices available – if you’re willing to look a little deeper. We’ve used the Stock Screener tool from TipRanks to pull up two such stocks with Strong Buy consensus ratings. It also doesn't hurt that these two names saw their price targets get a major boost recently. Let's take a closer look.Sunrun (RUN)Sunrun, the largest residential solar panel installer in the US, reported its quarterly results on February 27, and the results were not particularly bad. Total revenue grew to $243.9 million, up $3.8 million, or 2%, compared to the fourth quarter of 2018. Not to mention it beat the estimate’s call for $225.8 million. The bottom line result was a disappointment for investors: Sunrun reported EPS of $0.10, lower than Wall Street’s expectation of $0.12.In the quarter, the company also added 15,600 customers, as many customers as the next two largest residential providers combined have. The figure also represents 117 megawatts of deployments, a 9% sequential increase from the third quarter and the highest quarterly volume in Sunrun’s history.Credit Suisse’s Michael Weinstein is clearly bullish on the solar panel provider. The 4-star analyst recently pushed up his price target for Sunrun from $24 to $30 while maintaining his Outperform rating. The new figure implies potential upside of 51%. (To watch Weinstein’s track record, click here)Weinstein explained his thesis, “We reduce the asset level discount rate to ~5% from 6% due to higher leverage and lower yields. We also reduce the corporate discount rate to 9% (from 12%) in line with solar equipment providers, and increase terminal value multiple to 2x (from 1x) to be in line with street-implied price/book valuations. Our solar deployment growth forecast and estimates are unchanged. Our assumptions are still conservative as latest ABS suggests project level cost of capital less than 4.5% (<4% cost of debt, ~90% advance rates, and assuming ~9% cost of equity), especially as we do not yet include any value from storage enabled grid services.”Overall, with 4 Buys and 1 Hold, Sunrun receives a Strong Buy consensus rating from the Street. Gains in the shape of 25% could be lining investors’ pockets should the average price target of $25 be attained over the next year. (See Sunrun stock analysis on TipRanks)Sunnova Energy International Inc (NOVA)Sunnova Energy is a fellow company that provides residential solar and energy storage services. The Houston, Texas-based company has grown exceptionally so far this year; In 2020, NOVA’s share price is up by an impressive 64%. Clearly, with the climate crisis intensifying and the traditional energy sector reeling from the effects of the coronavirus, the renewable energy sector is gaining traction.The company’s latest earnings call was the opposite of Sunrun’s. EPS of -$0.21 beat consensus estimates by $0.08. However, revenue of $33.61 million, although reflecting a year-over-year increase of 33%, slightly missed estimates by $0.29 million.Additionally, in Q4, the company added 6,000 new customers, a 20% increase from the prior quarter and an 84% increase from the fourth quarter in 2018. For all of 2019, Sunnova’s customer base grew at a rate of 30%.In further recent developments, Sunnova announced recently that the company is launching a new product, which packages together financing for roof replacements with a Sunnova solar or solar and battery storage system under one single finance or loan agreement. The new offering should streamline the process of installing a Sunnova system.Weinstein, who also covers Sunrun, believes Sunnova’s sales are ramping while capital costs are declining. The 4-star analyst said, “Management expects no need for external equity or holdco debt to finance growth in 2020/21 as ABS and tax equity financing cover new customer creation costs (including working capital, dealer payments, safe harbor interest costs). NOVA expects positive cash flow from ops in 2021/22, earlier than previously expected due to stable project economics, lower cost of capital, and volume growth.”Down to the nitty gritty, Weinstein reiterated an Outperform rating on Sunnova shares, while boosting his price target from $14 to $21. Investors stand to take home a 14% gain, should the target be met over the coming months.A full house of 6 Buys means Sunnova receives a Strong Buy consensus rating from the Street. The average price target comes in at $20.33, indicating nearly 11% upside potential. (See Sunnova stock analysis on TipRanks)
- Investopedia
3 Charts That Suggest Solar Stocks Are Headed Higher
Many traders are flocking to safety due to the coronavirus scare, but charts in solar suggest that significant upside could remain.
- Investor's Business Daily
Sunrun Earnings Miss But Solar Company Beats On Revenue
Sunrun earnings for the fourth quarter missed Wall Street estimates but beat on revenue, for the provider of residential solar products. Revenue reached $244 million, up 2% from a year ago.
