Streetbeat News

RUN

Sunrun Inc.

https://www.sunrun.com

Industry

Solar

Sunrun Inc. engages in the design, development, installation, sale, ownership, and maintenance of 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. Its primary customers are residential homeowners. The company markets and sells its products through direct-to-consumer approach across online, retail, mass media, digital media, canvassing, field marketing, and referral channels, as well as its partner network. Sunrun Inc. was founded in 2007 and is headquartered in San Francisco, California.

Open

11.17

Mkt cap

2.2B

Volume

14M

High

11.24

P/E Ratio

-5.65

52-wk high

22.26

Low

9.87

Div yield

N/A

52-wk low

9.22

Earnings reports and a dovish Federal Reserve stance lifted stocks last week, with Apple and Amazon leading the charge. FactSet reports 80% of S&P 500 companies have exceeded earnings expectations. This week, attention turns to Disney, Palantir, Robinhood, and Reddit's debut report. The SPDR S&P 500 ETF Trust and Invesco QQQ Trust saw gains, reflecting positive market sentiment.

Portfolio Pulse from Shanthi Rexaline

May 06, 2024 | 9:25 am

Amgen Inc. reported better-than-expected Q1 financial results, leading to a 12.2% surge in its shares. Other companies like Tandem Diabetes Care, WideOpenWest, and El Pollo Loco also saw significant gains after reporting strong financial results. Notable movements included Paylocity Holding's 16% gain post-earnings report and share repurchase program announcement, and MercadoLibre's 10.3% increase after surpassing Q1 financial expectations.

Portfolio Pulse from Avi Kapoor

May 03, 2024 | 2:16 pm

Sunrun (NYSE:RUN) has seen a 6.34% increase in short interest, now at 25.34% of its float, indicating a bearish market sentiment. With 46.52 million shares sold short and a 2.62-day average to cover, Sunrun's short interest is significantly higher than its peer group average of 9.57%. This could suggest a potential for a short squeeze or increased volatility.

Portfolio Pulse from Benzinga Insights

May 01, 2024 | 5:00 pm

Sunrun has successfully enrolled approximately 1,800 customers in the PowerOn Puerto Rico Virtual Power Plant program, marking a significant step in enhancing grid resilience and renewable energy integration in the region.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 12:42 pm

U.S. solar manufacturers are pushing for additional tariffs on imported solar products, a move that could significantly impact the solar sector. This request for more tariffs aims to protect domestic solar production but risks causing disruptions in the market, potentially affecting prices, supply chains, and the competitive landscape. The companies involved in the solar industry, including those that manufacture solar panels and related products, as well as those providing solar energy services, could see their stock prices and operations impacted by these proposed tariffs.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 1:51 pm

Solar stocks are trading lower following Enphase's disappointing Q1 financial results and lower than expected Q2 revenue guidance. This has negatively impacted the sector, including companies like NOVA, RUN, and SEDG.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 10:40 am

Shares of Sunrun Inc (RUN), SolarEdge Technologies Inc (SEDG), and Sunnova Energy International Inc (NOVA) dropped in after-hours trading, following Enphase Energy Inc's (ENPH) report of lower-than-expected quarterly results. Enphase's Q1 revenue and EPS fell short of estimates, with a significant year-over-year revenue decline in the U.S. and weak guidance for Q2. RUN, SEDG, and NOVA are anticipated to report their quarterly results in early May, with analysts expecting losses for each.

Portfolio Pulse from Adam Eckert

April 23, 2024 | 9:12 pm

HealthStream, Inc. reported first-quarter GAAP earnings of 17 cents per share, surpassing estimates of 11 cents per share, with sales of $72.760 million against expectations of $71.883 million, leading to a 7.4% rise in its shares. Other stocks also saw significant movements, including Hibbett, Inc. being acquired by JD Sports Fashion, and various companies like Spotify Technology S.A. and Ryder System, Inc. reporting strong financial results or receiving positive analyst coverage.

Portfolio Pulse from Avi Kapoor

April 23, 2024 | 2:50 pm

Mizuho analyst Maheep Mandloi has maintained a Buy rating on Sunrun (NASDAQ:RUN) but lowered the price target from $28 to $23.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 5:31 pm

Sunrun shares are trading lower after a recent gain, due to reports of President Biden planning to remove the tariff exemption for bifacial solar panel imports. This policy change could potentially increase costs for companies like Sunrun that rely on such imports for their solar installations.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 5:57 pm

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