Sunrun Inc (RUN) is Upgraded by Goldman to Buy

Sunrun Inc (RUN) was Upgraded by Goldman to ” Buy”. Earlier the firm had a rating of “Neutral ” on the company shares. Goldman advised their investors in a research report released on Oct 7, 2016.

Many Wall Street Analysts have commented on Sunrun Inc. Sunrun Inc was Initiated by JMP Securities to “Mkt Outperform” on Sep 8, 2016.

On the company’s financial health, Sunrun Inc reported $0.31 EPS for the quarter, beating the analyst consensus estimate by $ 0.84 according to the earnings call on Aug 11, 2016. Analyst had a consensus of $-0.53. The company had revenue of $122.60 million for the quarter, compared to analysts expectations of $111.15 million. The company’s revenue was up 68.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.29 EPS.

In a different news, on Jun 1, 2016, Edward Harris Fenster (Chairman) sold 40,000 shares at $6.41 per share price.

Sunrun Inc. provides solar energy to homeowners. The Company either directly or through one of its solar partners installs a solar energy system on a customer’s home and either sells the system to the homeowner or as is more often the case sells the energy generated by the system to the homeowner pursuant to a lease or power purchase agreement (PPA). The Company’s core solar product offerings are provided through a lease or a power purchase agreement which are substantially similar to one another. The Company provides solar service offerings through three channels: its direct-to-consumer channel; its solar partner channel that originates customers for its solar service offerings procures and installs solar energy systems on its customers’ homes on its behalf and a growing set of strategic relationships with recognized non-solar brands. With its solar service offerings the Company installs solar energy systems on its customers’ homes and sells them the solar power.

Sunrun Inc

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