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Sunrun (RUN) Stock Sinks As Market Gains: What You Should Know

Zacks Equity Research
·2 min read

Sunrun (RUN) closed the most recent trading day at $24.17, moving -0.37% from the previous trading session. This change lagged the S&P 500's 1.1% gain on the day. Elsewhere, the Dow gained 0.61%, while the tech-heavy Nasdaq added 6.59%.

Coming into today, shares of the solar energy products distributor had gained 3.54% in the past month. In that same time, the Oils-Energy sector gained 2.39%, while the S&P 500 gained 4.58%.

Investors will be hoping for strength from Sunrun as it approaches its next earnings release. The company is expected to report EPS of -$0.03, down 130% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $581.42 million, up 33.59% from the year-ago period.

It is also important to note the recent changes to analyst estimates for Sunrun. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

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Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 6.09% lower within the past month. Sunrun is currently sporting a Zacks Rank of #3 (Hold).

The Solar industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 54, which puts it in the top 22% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and much more, on Zacks.com.

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Sunrun Inc. (RUN) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research