RUN - Sunrun Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
+0.70 (+4.77%)
At close: 4:00PM EDT
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Previous Close14.69
Bid14.59 x 1200
Ask15.86 x 2900
Day's Range14.88 - 15.59
52 Week Range8.81 - 21.42
Avg. Volume1,845,210
Market Cap1.81B
Beta (3Y Monthly)1.26
PE Ratio (TTM)N/A
EPS (TTM)-0.21
Earnings DateNov 5, 2019 - Nov 11, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est22.78
Trade prices are not sourced from all markets
  • The Sun Is Shining on These 3 Solar Stocks

    The Sun Is Shining on These 3 Solar Stocks

    After several years' worth of cloudy skies, solar stocks may finally be finding their place in the sun. We have finally hit the inflection point with regards to solar installations and technology. In many areas, costs for solar -- without subsidies -- are now on par with other more traditional energy means. As a result, renewables are quickly gaining on market share from fossil fuels.According to the International Energy Agency (IEA), investments in renewable energy sources grew 55% from 2010 to 2018. More importantly, the agency predicts that 65% of all global energy spending will come from renewables like solar by 2030.For solar stocks, this is great news. No wonder why the Invesco Solar ETF (NYSEARCA:TAN) is up nearly 60% year to date.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Cheap Dividend Stocks to Load Up On The long-term is very bright for solar stocks as well. With more money allocated towards renewables, the sector is finally poised to be a real moneymaker for investors. And there's still plenty of time to cash in on the biggest trends out there. For investors, the time to add solar stocks is now.With that, the sun is shinning for these three solar stocks today. Solar Stocks to Buy: First Solar, Inc. (FSLR)If you're going buy a single solar stock, it has to be kingpin First Solar (NASDAQ:FSLR). The firm has been at the forefront of several key shifts in the industry that continues to this day.FSLR started out as a maker of very efficient solar panels with some of the highest rates of sun-to-energy conversion around. This advanced technology served it well with many utility-scale solar producers.When the glut of cheaply-made Chinese panels hit the market a few years ago, FSLR switched gears into being a producer of full-scale solar plants for utilities. The firm has managed to see plenty of rising revenues from key utility customers.During the last reported quarter, FSLR managed to see its revenues jump 89% as the solar firm was able to see a great combination of rising production and growing bookings from utilities. First Solar's new Series 6 panel -- which promises high efficiency coupled with low costs -- surged, while new bookings pushed FSLR's backlog to 12.9 GW.The strong first half of the year performance, as well as continued demand from utility and residential customers, has allowed FSLR to boost its already impressive guidance for the rest of the year. The firm now expects to pull as much as $3.7 billion in revenues and EPS near $2.75 on the high end.Adding in its strong balance sheet to its key leadership position, FSLR is one of the best solar stocks to buy for the long haul. Sunrun (NASDAQ:RUN)To win in solar, it takes plenty of scale. This is especially true when it comes to residential solar installers. Putting solar panels on the roofs of consumers is a relatively low-margined business. It takes scale to clip small revenues from each one. Luckily for Sunrun (NASDAQ:RUN) it's building that scale in a big way.RUN is now the largest residential solar installer serving more than 255,000 customers and employing more than 1,700 MW worth capacity. Because of this surge in customers and installed wattage, RUN's revenues have sacked upped. Over the last three years, the firm's sales have surged by over 108%.Here's where it gets interesting for RUN. One of the problems for many residential customers is that they often don't have the cash up-front to pay for new systems. In this, Sunrun will often lease the systems to consumers. In that regard, RUN actually owns the panels on your roof. In order to make that happen, RUN needs to take out financing.If that sounds familiar, that's exactly what Tesla's (NASDAQ:TSLA) SolarCity did. But unlike TSLA -- which is having troubles -- RUN is actually seeing sales rise in a big way that's allowing to service its debts with ease. * 15 Growth Stocks to Buy for the Long Haul While it's a riskier solar stock play, RUN makes an interesting addition to a portfolio to play the rise in residential solar installations. SolarEdge (SEDG)Israel is often ignored by investors, which is a real shame. The nation has long-been a technology and healthcare powerhouse that extends into the solar sector, with SolarEdge (NASDAQ:SEDG) being a top solar stock to buy. The key is in its products.Source: Shutterstock SEDG doesn't make panels -- which can be fraught with wild price swings. What it does do is make various components needed to make solar power work. Solar panels produce direct current (DC) electricity. However, the grid and household devices use alternating current (AC) electricity. In order to get energy from a solar panel, you need to use a device called an inverter. It's here that SolarEdge shines.The firm's inverter products not only convert energy from DC to AC, but also optimize power output from panels and boost efficiency. This allows installers and consumers to get a bit more from their installations. You get a product you need that is better than the standard.Customers love it. SolarEdge reported record revenues in its last quarter -- growing more than 20%. This follows its streak of record results. Meanwhile, this niche of providing needed components has allowed SEDG to be profitable as well -- a rarity among the solar names.The best part is that SEDG has the potential to keep the growth going. Aside from solar, the firm has moved into providing renewable energy storage products as well as other inverter items for wind energy. Using the same model for solar, SolarEdge is poised to win here as well.At the time of writing, Aaron Levitt did not have a position in any of the stocks mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Dividend Stocks to Load Up On * The 10 Biggest Losers from Q2 Earnings * 5 Dependable Dividend Stocks to Buy The post The Sun Is Shining on These 3 Solar Stocks appeared first on InvestorPlace.

  • Which Solar Stocks Offer Handsome Upside Potential?
    Market Realist

    Which Solar Stocks Offer Handsome Upside Potential?

    Solar stocks have been on an impressive run this year. So far, Enphase Energy (ENPH) stock has risen more than 530% in 2019.

  • Residential Solar Installers Face a Rocky Future
    Motley Fool

    Residential Solar Installers Face a Rocky Future

    Solar installations are strong, but there are troubling cost trends for some companies.

  • Solar Struggles Make Tesla Stock a Risky Choice

    Solar Struggles Make Tesla Stock a Risky Choice

    Hop into the time machine with me and travel back about five years. At that time, SolarCity was the residential and small-commercial solar installer. The firm continued to rack up plenty of clients and was seen as the next big thing. Unfortunately, thanks to the constant need for funding, rising debt costs and new competition, SolarCity ran into some serious issues. Racing towards insolvency, the solar firm received a big buyout from Elon Musk and Tesla (NASDAQ:TSLA) stock. And in the years since the 2016 rescue plan, investors have sort of forgotten about SolarCity and Tesla's solar operations. Heck, Tesla management didn't even mention "solar" on its last conference call.Source: Shutterstock But thanks to a series of tweets from Musk, TSLA and its solar plans are once back into the spotlight.Don't be fooled. TSLA stock and its assets picked up from SolarCity are a disaster and they continue to be a huge drain on the firm. The reality is, the buyout of SolarCity was simply a bailout -- and one that won't bear any fruit for investors.InvestorPlace - Stock Market News, Stock Advice & Trading Tips TSLA Struggles in SolarSolarCity was supposed to be a jewel in Musk's crown. The idea was that Tesla would transform itself into a total green-energy company -- supplying vehicles, solar panels and battery storage solutions to take consumers off the ground and away from fossil fuels. On the surface, that was a great plan. When TSLA picked up SolarCity (which had Musk as its chairman) back in 2016 for $2.6 billion, the firm was the top solar installer. At its peak, SolarCity was installing more than 200 megawatts worth of solar panels per quarter. * 5 Cheap Stocks to Buy Now That the Fed Cut Rates And then the clouds came.Thanks to its constant need for creative funding to get those panels into consumers' hands, rising competition from smaller installers like Sunrun (NASDAQ:RUN) and Vivint Solar (NYSE:VSLR), as well as dwindling subsidies for solar panels, SolarCity hit hard times. Under the TSLA umbrella, the clouds have only gotten thicker. These days, SolarCity and Tesla's solar ambitions seem to be running on life support -- with newly installed wattage dropping like a stone.During its last reported quarter, Tesla installed just 29 megawatts worth of solar panels. That's lower than the 47 megawatts it installed during the first quarter of the year and lower than the 73 megawatts installed during the fourth quarter of 2018. Looking out further, that's a 65% drop year-over-year and nearly 90% plunge from its all-time quarterly installation record of 258 megawatts.To make matters worse, Tesla stock has seen its solar installations drop while rivals have actually seen steady numbers or even increases to installed capacity. Taking a look at rivals, RUN managed to install more than 86 megawatts last reported quarter and SunPower (NASDAQ:SPWR) added 52 megawatts worth a capacity. Tesla Tries to Reignite SolarWhat really stinks is that TSLA has been trying hard to save the business. Tesla cut its prices down to just $2 per watt after accounting for tax benefits. It fired its door-to-door and store-based sales staff and moved to a strictly online model. It also ended its agreement with Home Depot (NYSE:HD) to market panels. And speaking of those panels, Tesla now offers basic and standardized systems. Those solar roof tiles that Musk promised right after snagging SolarCity have failed to come to fruition.Meanwhile, Musk is doing what he does best -- acting like P.T. Barnum and throwing out hope.After management basically forgot to mention solar on their last conference call, Musk sent out a series of tweets talking about ramping up production. Tesla hopes to turn out about 1,000 solar roofs per week by the end of this year. For TSLA stock bulls, this was great news. The once-mighty solar stock was coming back.And yet, analysts peg that production as impossible given the low adoption rate so far and the fact that it hasn't even completed its Gigafactory 2 in Buffalo yet. That plant was specifically designed for its solar roof project. So far, despite being around for nearly three years or so and collecting numerous customer deposits, Greentech Media reports that TSLA has connected just a dozen solar-integrated roofs to the grid. Debt Is the Real IssueThe original idea behind the acquisition of SolarCity was that the integration of solar assets would help spur its storage and vehicle sales. By offering an all-in-one package, Tesla would be a total green energy firm. Unfortunately, that bill of goods hasn't happened, as evident by still-declining solar sales.However, TSLA did get something for its troubles -- a ton of debt.SolarCity's business model basically ran on debt in order to make it work. That pumped it full of various convertible bonds, solar bonds, senior loans and other asset-backed securities. That huge debt burden was one of the main reasons why TSLA swallowed the firm in the first place. Today, that legacy debt from SolarCity makes up around one-third of Tesla's overall debt outstanding. Moreover, that debt continues to weaken the electric vehicle manufacturer's position.While in recent quarters the growth in its auto operations have lessened the impact of the solar debt, Tesla still needs to raise money to finance expansion on the vehicle side. With such a huge noose around its neck, that could become complicated. During the spring, S&P Global Ratings highlighted this fact and put Tesla on a negative credit watch -- highlighting SolarCity's impact on the firm's credit situation. TSLA Stock Is Still a Risky PlayWhen Tesla first bought SolarCity, I was skeptical of adding the solar firm's operations into the vehicle makers umbrella. Turns out that might have been the right call. Deterioration of those assets have only quickened pace, while the debt has continued to harm TSLA's position.In the end, Musk and Tesla's recent moves to hype the solar business most likely won't bear serious fruit and should follow the pattern of over-promising and under-delivering. Solar is a rock around the firm's neck and should continue to be so. TSLA stock remains a risky trade and nothing more.As of this writing, Aaron Levitt did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Large-Cap Stocks to Sell Right Now * 7 Stocks Under $7 to Invest in Now * 7 Marijuana Stocks With Critical Levels to Watch The post Solar Struggles Make Tesla Stock a Risky Choice appeared first on InvestorPlace.

  • Thomson Reuters StreetEvents

    Edited Transcript of RUN earnings conference call or presentation 7-Aug-19 9:00pm GMT

    Q2 2019 Sunrun Inc Earnings Call

  • CSIQ vs. RUN: Which Stock Should Value Investors Buy Now?

    CSIQ vs. RUN: Which Stock Should Value Investors Buy Now?

    CSIQ vs. RUN: Which Stock Is the Better Value Option?

  • Why Sunrun's Shares Plunged 11.1% Today
    Motley Fool

    Why Sunrun's Shares Plunged 11.1% Today

    Earnings left a lot to be desired for investors.

  • Sunrun (RUN) Q2 2019 Earnings Call Transcript
    Motley Fool

    Sunrun (RUN) Q2 2019 Earnings Call Transcript

    RUN earnings call for the period ending June 30, 2019.

  • Sunrun's (RUN) Q2 Earnings Miss Estimates, Revenues Beat

    Sunrun's (RUN) Q2 Earnings Miss Estimates, Revenues Beat

    Sunrun's (RUN) customer base in the second quarter of 2019 increase 26% year over year to 255,000.

  • Sunrun (RUN) Reports Q2 Loss, Tops Revenue Estimates

    Sunrun (RUN) Reports Q2 Loss, Tops Revenue Estimates

    Sunrun (RUN) delivered earnings and revenue surprises of -105.88% and 8.51%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Sunrun Earnings Fall Short With Second-Quarter Results
    Investor's Business Daily

    Sunrun Earnings Fall Short With Second-Quarter Results

    Sunrun earnings for the second quarter fell below Wall Street expectations on stronger-than-expected revenue for the solar power company. Sunrun stock dropped in after-hours trading.

  • MarketWatch

    Sunrun stock drops after earnings swing to unexpected loss

    Sunrun Inc. shares dropped 8% after the company swung to an unexpected loss. The company reported a second-quarter net loss attributable to common stockholders of $1.3 million, or a penny a share, compared with net income of of $7.4 million, or 6 cents a share, in the year-ago period. Revenue rose to $204.6 million from $170.5 million in the year-ago period. Analysts surveyed by FactSet had estimated earnings of 12 cents a share on revenue of $198.8 million. For the third quarter, analysts model earnings of 14 cents a share on sales of $209.2 million. Sunrun stock has rallied 84% this year, with the S&P 500 index gaining 15%.

  • GlobeNewswire

    Sunrun Reports Second Quarter 2019 Financial Results

    Customers now at 255,000, an increase of 26% year-over-year Net Present Value created of $95 million in the quarter, an increase of 23% year-over-year Net Earning Assets of.

  • Benzinga

    Preview: Sunrun's Q2 Earnings

    Sunrun (NASDAQ: RUN ) announces its next round of earnings this Wednesday, August 7. Here is Benzinga's everything-that-matters guide for the Q2 earnings announcement. Earnings and Revenue Wall Street ...

  • Sunrun (RUN) to Report Q2 Earnings: What's in the Cards?

    Sunrun (RUN) to Report Q2 Earnings: What's in the Cards?

    Sunrun (RUN) Q2 results are likely to gain from its launch of Brightbox battery systems in a few more states within the United States.

  • Solar and Storage Will Eventually Be Positive for Tesla and TSLA Stock

    Solar and Storage Will Eventually Be Positive for Tesla and TSLA Stock

    Never let it be said that Tesla (NASDAQ:TSLA) doesn't keep things interesting. Investors, whether they own TSLA stock or not, love to debate the merits of letting a relatively reckless visionary like Elon Musk remain at the helm of TSLA.Source: Shutterstock Following last month's release of a relatively disappointing second-quarter report by TSLA, though, the prevailing discussion is once again shifting away from the company's battery-powered cars and to its struggling energy arm. * 10 Generation Z Stocks to Buy Long Most observers appreciate the company's efforts in the energy sector, but many critics question whether TSLA should be in the business at all. The unit doesn't affect the organization's results much right now, and more established solar names like SunPower (NASDAQ:SPWR) and SunRun (NASDAQ:RUN) seem far better positioned to connect with consumers.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThose doubters may well be right. But Elon Musk's solar panel business and its closely-related battery/ energy-storage business are long-term project that are arguably just a few years ahead of their time.At least TSLA will be ready when solar and storage really take off, assuming it survives its electric-vehicle production ramp-up. Would TSLA Be Better Off Without Energy?At the heart of investors' frustration with the minimal catalyst Tesla's solar and power storage business has offered thus far is 2016's questionable purchase of SolarCity. Factoring in SolarCity's debt, Tesla effectively paid on the order of $5 billion for a company that, at the time, was generating around $500 million of annual revenue.How much solar panel business Tesla is doing now isn't perfectly clear. SolarCity's operation was folded into what is now categorized as energy generation and storage revenue, which includes sales of Tesla's Powerwall for consumers and bigger Powerpacks for large organizations. The recently-introduced Megapack will appeal to utility companies, as it stores one gigawatt-hour's worth of energy.As it stands right now, however, the company's energy-production and storage arm is relatively small and shrinking. That unit produced $368 million worth of sales during the second quarter, versus $5.4 billion in electric-vehicle revenue. Sales of solar panels and roofs fell 38% during Q1, year-over-year, and were off by 65% in Q2, Total energy revenues were off just a bit last quarter as well.Meanwhile, EV gross margins are improving, coming in at 18.9% last quarter. By contrast, the margins of the company's energy-related products were only 11.6%.The numbers inspire doubts about the company's solar business. As Joe Osha, analyst with JMP Securities, noted of the company's energy arm "They're just barely in the solar game. This business requires capital and focus, and at this point it's not even clear who's running it. They'd just be better off shutting the solar business down. It's a distraction."He's not alone in his view. Elon Musk's VisionMusk's bold vision has at times spurred ill-advised decisions. The company's energy-related unit hasn't been immune to his aggressive growth approach.The foray into the solar -panel business with the acquisition of SolarCity was also a case of unfortunate timing. In 2016, the growth of U.S. solar installations slowed to only 16%, versus an average of 63% in the three years prior. In 2018, the market shrank by 2%, as U.S. government subsidies all but vanished.It wasn't the commercial potential of solar power -- and the storage of it -- that Musk was naive about, however. His failing, if there was one, was in determining how consumers and corporations would want to purchase solar panels, and when they'd be comfortable enough to do so without hand-holding.Musk's overarching vision has never just been about electric cars. It was always about moving the world in a green, carbon-free direction. Solar is the simplest and most effective means to that end. EVs were simply a way to get the ball rolling.The boom of solar is inevitable. At some point, the world will run out of oil. The planet won't run out of sunlight for a few billion years. Timing Is EverythingThe world's not quite ready to take large steps in that direction, though.Not unlike the mass closure of Tesla's vehicle showrooms, the company recently stopped doing door-to-door sales of solar panel systems and ended its relationship with Home Depot (NYSE:HD). That decision coincided with the sharp dropoff of Tesla's solar panel revenue.Elon Musk is already responding, claiming earlier this year that 2019 will be "the year of (Tesla's) solar roof." Musk wants to expand the company's factory in upstate New York, setting the stage for a production pace of 1000 solar roofs per week by the end of the year. Some question whether Musk will be able to meet that goalPresumably, the ramp-up will be accompanied by an overhaul of the company's sales efforts.Even if only half that rate is achieved, it could still be a well-timed jump. Wood Mackenzie and SEIA predict residential solar power demand will rebound this year, following lulls in 2017 and 2018. The U.S. EIA forecasts that utility-scale solar power capacity will grow 10% this year and 17% in 2020 after a modest downturn.That surge will definitely be positive for Tesla's new Megapack. Continued education on the merits of solar power will help as well. The Bottom Line on Tesla StockEnergy is not a reason in and of itself to step into a new position in TSLA stock. As much as the company's energy arm could grow now that it's got a complete portfolio of solutions, TSLA will predominantly be about cars for the foreseeable future. Nobody disputes Elon Musk's ability to ramp up production of solar panels. Most are still unsure he can do so profitably. That's hurting TSLA stockMost arguments as to why Tesla should abandon the energy-storage and solar market aren't backed up by the data and the market's outlook. The only exception to that is the contention that Elon Musk doesn't need any more distractions,And even the "distraction" contention falls flat. By that same line of reasoning, Musk should shutter or sell his SpaceX and Boring Co businesses as well. Neither is part of the operation that moves TSLA stock, but both certainly have the potential to consume Musk's time and focus. But no one is suggesting that Elon Musk give up those businesses.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about him at his website, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Generation Z Stocks to Buy Long * 5 Growth Stocks to Buy After the Rate Cut * 5 Dependable Dividend ETFs to Invest In The post Solar and Storage Will Eventually Be Positive for Tesla and TSLA Stock appeared first on InvestorPlace.

  • What Awaits SolarEdge Technologies (SEDG) in Q2 Earnings?

    What Awaits SolarEdge Technologies (SEDG) in Q2 Earnings?

    SolarEdge Technologies (SEDG) second-quarter 2019 results are likely to benefit from the growing commercial and residential solar installations in the United States.

  • First Solar (FSLR) Incurs Loss in Q2, Misses Sales Estimates

    First Solar (FSLR) Incurs Loss in Q2, Misses Sales Estimates

    First Solar (FSLR) incurs an operating loss of $8.6 million in the second quarter, much less than an operating loss of $103.6 million in the year-ago quarter.

  • SunPower (SPWR) Posts Wider Q2 Loss, Beats Revenue Estimates

    SunPower (SPWR) Posts Wider Q2 Loss, Beats Revenue Estimates

    SunPower (SPWR) deploys 622 MW in the second quarter, exceeding its expectation of deploying 550-600 MW.

  • Sunworks (SUNW) to Post Q2 Earnings: What's in the Offing?

    Sunworks (SUNW) to Post Q2 Earnings: What's in the Offing?

    While a smooth flow of project contracts will be conducive to Sunworks' (SUNW) quarterly results, an unfavorable weather pattern may mar its performance.

  • Sunrun (RUN) Stock Moves -0.37%: What You Should Know

    Sunrun (RUN) Stock Moves -0.37%: What You Should Know

    Sunrun (RUN) closed the most recent trading day at $19.05, moving -0.37% from the previous trading session.

  • Sunrun (RUN) Reports Next Week: Wall Street Expects Earnings Growth

    Sunrun (RUN) Reports Next Week: Wall Street Expects Earnings Growth

    Sunrun (RUN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • GlobeNewswire

    Sunrun Introduces Brightbox Home Solar Battery to Greater Houston and Dallas Areas

    As residents throughout Texas endure increasingly frequent weather-related outages, the nation’s largest home solar and battery provider, Sunrun Inc. (RUN), today announced it is bringing its Brightbox home solar and battery service to households in the greater Houston and Dallas areas in Texas. Sunrun’s Brightbox home battery offers residents an affordable home energy solution that provides reliable backup electricity and greater choice for Texans to control how they power their homes.

  • Enphase Energy (ENPH) Q2 Earnings Beat, Revenues Up Y/Y

    Enphase Energy (ENPH) Q2 Earnings Beat, Revenues Up Y/Y

    Enphase Energy's (ENPH) gross profit surges 99.6% year over year to $45.3 million during the second quarter of 2019.

  • Why Houston's solar IPO probably isn't the start of a trend
    American City Business Journals

    Why Houston's solar IPO probably isn't the start of a trend

    Public markets aren't necessarily well-suited to the cyclical nature of the distributed solar business as it exists today.