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

Sunrun shares are trading higher following reports that President Biden is anticipated to end the tariff exemption for bifacial solar panel imports, potentially benefiting domestic solar companies like Sunrun.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 7:12 pm

Shares of companies in the materials sector are down due to overall market weakness, affecting a broad range of companies.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 7:52 pm

Sunrun Inc (NASDAQ:RUN) shares dropped 6% to $11.56 due to mixed inflation data affecting American producers. The Producer Price Index (PPI) did not meet expectations, causing uncertainty about interest rate cuts, while the underlying gauge showed a 2.1% year-on-year increase, the highest in nearly a year. This situation is critical for Sunrun as rising inflation and potential interest rate hikes could increase borrowing costs, making solar installations more expensive and potentially reducing demand for Sunrun's services.

Portfolio Pulse from Henry Khederian

April 11, 2024 | 7:10 pm

Ascent Solar Technologies, Inc. (ASTI) shares fell by 50% after announcing a $6 million public offering at $0.14 per share. Other stocks experienced significant movements, with Marin Software (MRIN) and Adial Pharmaceuticals (ADIL) among the top gainers, while VIA optronics (VIAO) and Velo3D, Inc. (VLD) led the losers.

Portfolio Pulse from Avi Kapoor

April 10, 2024 | 6:07 pm

Sunrun, a leading residential solar, storage, and energy services company, has announced the pricing of a $230 million senior securitization of residential solar and battery systems. This financial move is aimed at leveraging the company's assets to secure funding, which could be used for further expansion or to improve its financial health.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 12:10 pm

On CNBC, Sunrun CEO Mary Powell discussed the company's position, trends in the solar sector, and its market share. She highlighted Sunrun's strategic initiatives and its outlook within the evolving solar energy market.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 4:00 pm

In the latest quarter, 8 analysts provided mixed ratings for Sunrun (NASDAQ:RUN), with a shift towards a more positive outlook as the average 12-month price target increased to $19.5 from $18.57. Analyst actions included maintaining, lowering, and raising ratings and price targets, reflecting dynamic market conditions and Sunrun's performance. Despite the positive sentiment from analysts, Sunrun faces financial challenges, including lower market capitalization, revenue decline of -15.2%, and below-average profitability metrics such as net margin and ROE.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 8:01 pm

Sunrun (NYSE:RUN) has seen a 4.75% increase in its short percent of float, now at 23.83% with 43.75 million shares sold short. It would take about 3.19 days to cover these short positions. This rise in short interest indicates a more bearish market sentiment towards Sunrun, although it doesn't necessarily predict a near-term price fall. Compared to its peers, Sunrun has a higher short interest, suggesting more skepticism among investors about its performance.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 1:15 pm

Susquehanna analyst Biju Perincheril maintains a Positive rating on Sunrun (NASDAQ:RUN) and keeps the price target at $25.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 1:09 pm

In Wednesday's intraday session, several industrials stocks experienced significant movements. Notably, NuScale Power (SMR) surged 26.0%, while Velo3D (VLD) plummeted by 41.7% following its Q4 earnings report. Other gainers include Pixie Dust Technologies (PXDT), SunPower (SPWR), Sunrun (RUN), Stem (STEM), and ESGL Holdings (ESGL). On the losing side, besides Velo3D, C3is (CISS), Professional Diversity (IPDN), Earlyworks Co (ELWS), Knightscope (KSCP), and Bowman Consulting Group (BWMN) saw declines, with CISS also reacting to its Q4 earnings.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 4:31 pm

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