Sunrun Inc (RUN) reported quarterly earnings results on Thursday, May-12-2016. The company said it had a profit of $0.13 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.74. Analysts had a consensus of $-0.61. The company posted revenue of $98.74 million in the period, compared to analysts expectations of $83.44 million. The company’s revenue was up 98.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.74 EPS.
Many Wall Street Analysts have commented on Sunrun Inc. Sunrun Inc was Initiated by Guggenheim to “Buy” on May 4, 2016. Deutsche Bank Initiated Sunrun Inc on Mar 10, 2016 to “Buy”, Price Target of the shares are set at $15.
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.