KeyCorp Comments on Sunrun Inc.’s FY2024 Earnings (NASDAQ:RUN)

Sunrun Inc. (NASDAQ:RUN) – Equities research analysts at KeyCorp issued their FY2024 EPS estimates for shares of Sunrun in a report issued on Monday, April 22nd. KeyCorp analyst S. Karp forecasts that the energy company will post earnings of ($1.18) per share for the year. KeyCorp has a “Sector Weight” rating on the stock. The consensus estimate for Sunrun’s current full-year earnings is ($1.69) per share. KeyCorp also issued estimates for Sunrun’s FY2025 earnings at ($0.79) EPS, FY2026 earnings at ($0.40) EPS and FY2027 earnings at $0.06 EPS.

Several other equities research analysts have also recently commented on RUN. Truist Financial reaffirmed a “hold” rating and issued a $14.00 target price (down from $15.00) on shares of Sunrun in a research report on Monday, February 26th. Susquehanna reaffirmed a “positive” rating and issued a $25.00 target price on shares of Sunrun in a research report on Friday, April 5th. BMO Capital Markets raised their target price on shares of Sunrun from $18.00 to $20.00 and gave the stock a “market perform” rating in a research report on Thursday, February 22nd. The Goldman Sachs Group raised their target price on shares of Sunrun from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. Finally, Royal Bank of Canada lowered their price target on shares of Sunrun from $17.00 to $15.00 and set an “outperform” rating for the company in a research report on Friday, March 15th. Seven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $21.26.

Sunrun Price Performance

Shares of Sunrun stock opened at $10.29 on Thursday. The firm has a market cap of $2.26 billion, a PE ratio of -1.39 and a beta of 2.46. Sunrun has a 12-month low of $8.43 and a 12-month high of $23.85. The company has a quick ratio of 0.96, a current ratio of 1.26 and a debt-to-equity ratio of 1.68. The company’s fifty day simple moving average is $11.84 and its two-hundred day simple moving average is $13.15.

Sunrun (NASDAQ:RUN) last released its earnings results on Wednesday, February 21st. The energy company reported ($1.33) EPS for the quarter, missing the consensus estimate of ($0.13) by ($1.20). Sunrun had a negative net margin of 71.00% and a negative return on equity of 5.58%. The business had revenue of $516.59 million for the quarter, compared to the consensus estimate of $499.74 million.

Institutional Trading of Sunrun

Large investors have recently added to or reduced their stakes in the business. Fifth Third Bancorp grew its position in Sunrun by 76.9% during the fourth quarter. Fifth Third Bancorp now owns 1,758 shares of the energy company’s stock valued at $35,000 after buying an additional 764 shares during the period. Versant Capital Management Inc grew its position in Sunrun by 149.7% during the fourth quarter. Versant Capital Management Inc now owns 1,880 shares of the energy company’s stock valued at $37,000 after buying an additional 1,127 shares during the period. USCF Advisers LLC lifted its holdings in Sunrun by 130.0% during the fourth quarter. USCF Advisers LLC now owns 2,300 shares of the energy company’s stock valued at $45,000 after purchasing an additional 1,300 shares in the last quarter. C M Bidwell & Associates Ltd. lifted its holdings in Sunrun by 1,483.9% during the third quarter. C M Bidwell & Associates Ltd. now owns 2,360 shares of the energy company’s stock valued at $30,000 after purchasing an additional 2,211 shares in the last quarter. Finally, Parallel Advisors LLC lifted its holdings in Sunrun by 91.4% during the fourth quarter. Parallel Advisors LLC now owns 3,168 shares of the energy company’s stock valued at $62,000 after purchasing an additional 1,513 shares in the last quarter. 91.69% of the stock is currently owned by institutional investors.

Insider Transactions at Sunrun

In related news, Director Alan Ferber purchased 10,000 shares of Sunrun stock in a transaction dated Thursday, March 14th. The stock was purchased at an average cost of $9.73 per share, for a total transaction of $97,300.00. Following the completion of the purchase, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $97,300. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Sunrun news, Director Alan Ferber bought 10,000 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was bought at an average cost of $9.73 per share, for a total transaction of $97,300.00. Following the completion of the transaction, the director now owns 10,000 shares of the company’s stock, valued at approximately $97,300. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Edward Harris Fenster sold 172,920 shares of the business’s stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $11.95, for a total transaction of $2,066,394.00. Following the sale, the director now owns 1,261,317 shares of the company’s stock, valued at $15,072,738.15. The disclosure for this sale can be found here. Insiders sold 301,760 shares of company stock worth $3,615,990 over the last three months. 3.76% of the stock is currently owned by company insiders.

About Sunrun

Sunrun Inc designs, develops, installs, sells, owns, and maintains residential solar energy systems in the United States. It also sells solar energy systems and products, such as panels and racking; and solar leads generated to customers. In addition, the company offers battery storage along with solar energy systems; and sells services to commercial developers through multi-family and new homes.