Sunrun Inc (RUN) was Upgraded by Barclays to ” Overweight” and the brokerage firm has set the Price Target at $7. Earlier the firm had a rating of “Equal Weight ” on the company shares. Barclays advised their investors in a research report released on Nov 22, 2016.
Many Wall Street Analysts have commented on Sunrun Inc. Sunrun Inc was Downgraded by JMP Securities to ” Mkt Perform” on Nov 10, 2016. Sunrun Inc was Downgraded by BofA/Merrill to ” Neutral” on Nov 9, 2016. Sunrun Inc was Resumed by Credit Suisse to “Outperform” on Nov 3, 2016.
On the company’s financial health, Sunrun Inc reported $0.16 EPS for the quarter, beating the analyst consensus estimate by $ 0.48 according to the earnings call on Nov 10, 2016. Analyst had a consensus of $-0.32. The company had revenue of $112.00 million for the quarter, compared to analysts expectations of $132.61 million. The company’s revenue was up 35.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.04 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.