Sunrun(RUN)

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Sunrun (RUN) Rises But Trails Market: What Investors Should Know
ZACKS· 2024-09-24 23:20
The most recent trading session ended with Sunrun (RUN) standing at $18.92, reflecting a +0.05% shift from the previouse trading day's closing. The stock trailed the S&P 500, which registered a daily gain of 0.25%. Meanwhile, the Dow experienced a rise of 0.2%, and the technology-dominated Nasdaq saw an increase of 0.56%. The the stock of solar energy products distributor has fallen by 10.59% in the past month, lagging the OilsEnergy sector's loss of 0.05% and the S&P 500's gain of 1.65%. The investment com ...
Toll Brothers Announces National Partnership with Sunrun to Provide Solar Power and Storage to Toll Brothers Homes
GlobeNewswire News Room· 2024-09-23 21:47
FORT WASHINGTON, Pa., Sept. 23, 2024 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE: TOL), the nation's leading builder of luxury homes, and Sunrun Inc., America's #1 home solar and storage provider, today announced a new national partnership for Sunrun to provide solar power and storage to Toll Brothers homes. Sunrun and Toll Brothers have an exclusive agreement for Sunrun to provide solar power as an included feature in all Toll Brothers homes in California, as well as a preferred agreement to provide sola ...
Sunrun CEO Mary Powell Named a 2024 Forbes' Sustainability Leader
GlobeNewswire News Room· 2024-09-19 19:20
SAN FRANCISCO, Sept. 19, 2024 (GLOBE NEWSWIRE) -- Sunrun (Nasdaq: RUN), the nation's leading provider of clean energy as a subscription service, announced today that CEO Mary Powell has been named to Forbes' inaugural list of Sustainability Leaders. The list highlights 50 of the world's most inspiring leaders who are catalyzing a sustainable future through innovation and impact. Powell's recognition by Forbes comes on the heels of Sunrun becoming the first and only solar-plus-storage company in the U.S. to ...
Sunrun (RUN) Recently Broke Out Above the 20-Day Moving Average
ZACKS· 2024-09-18 14:37
Sunrun (RUN) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, RUN broke through the 20-day moving average, which suggests a short-term bullish trend. A well-liked tool among traders, the 20-day simple moving average offers a look back at a stock's price over a 20-day period. This is very beneficial to short-term traders, as it smooths out short-term price trends and gives more trend reversal signals than longer-term moving averages. The 20-d ...
Sunrun Prices $365 million Senior Securitization of Residential Solar & Battery Systems
GlobeNewswire News Room· 2024-09-17 23:32
Core Viewpoint - Sunrun has successfully priced its twelfth securitization of leases and power purchase agreements, demonstrating strong execution in capital markets and highlighting its industry-leading cost of capital [1][2]. Securitization Details - The transaction includes two classes of publicly placed A+ rated notes (Class A-1 and Class A-2) and a single class of BB rated notes (Class B) [3]. - Class A-1 notes amount to $75.0 million with a coupon of 5.49%, while Class A-2 notes total $290.4 million with a coupon of 5.88% [3]. - The Class A-1 notes priced at a spread of 210 basis points and a yield of 5.538%, whereas Class A-2 notes priced at a spread of 240 basis points and a yield of 5.933% [3]. - The initial balance of Class A notes represents a 73.8% advance rate on the Securitization Share of ADSAB, with expected weighted average lives of 4.83 years for Class A-1 and 6.99 years for Class A-2 [3]. Portfolio and Customer Metrics - The notes are backed by a diversified portfolio of 21,281 systems across 19 states and Puerto Rico, covering 73 utility service territories [5]. - The weighted average customer FICO score is 741, indicating a strong credit profile among customers [5]. Future Financing Plans - Sunrun anticipates raising additional subordinated subsidiary-level non-recourse financing, which is expected to enhance the cumulative advance rate [4]. Closing Timeline - The transaction is expected to close by September 26, 2024 [5]. Company Overview - Sunrun, established in 2007, is the leading provider of clean energy as a subscription service, focusing on residential solar and storage solutions without upfront costs [7].
Sunrun (RUN) Stock Declines While Market Improves: Some Information for Investors
ZACKS· 2024-09-12 23:05
The most recent trading session ended with Sunrun (RUN) standing at $18.80, reflecting a -1.85% shift from the previouse trading day's closing. This change lagged the S&P 500's daily gain of 0.75%. Elsewhere, the Dow gained 0.58%, while the tech-heavy Nasdaq added 1%. Heading into today, shares of the solar energy products distributor had gained 3.46% over the past month, outpacing the Oils-Energy sector's loss of 4.12% and lagging the S&P 500's gain of 4.03% in that time. The investment community will be c ...
Wall Street Bulls Look Optimistic About Sunrun (RUN): Should You Buy?
ZACKS· 2024-08-28 14:30
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sellside) analysts often affect a stock's price, do they really matter? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Sunrun (RUN) . Sunrun currently has an average brokerage recommendation (A ...
Sunrun Becomes the First Clean Energy Company to Surpass 1 Million Residential Solar Customers
GlobeNewswire News Room· 2024-08-20 10:30
SAN FRANCISCO, Aug. 20, 2024 (GLOBE NEWSWIRE) -- Sunrun (Nasdaq: RUN), the nation's leading provider of clean energy as a subscription service, announced today that it is the first and only storage-plussolar company to surpass 1 million customers—firmly establishing its position as the largest developer of residential clean energy systems in the U.S. Sunrun now accounts for one in every five home solar systems installed in the country, providing benefits to 1 million families, or approximately 3 million peo ...
All You Need to Know About Sunrun (RUN) Rating Upgrade to Strong Buy
ZACKS· 2024-08-09 17:01
Zacks Rating Upgrade for Sunrun - Sunrun has been upgraded to a Zacks Rank 1 (Strong Buy), indicating a positive earnings outlook and potential stock price increase [1][3] - The upgrade is driven by an upward trend in earnings estimates, which is a powerful force impacting stock prices [1][4] - The Zacks Rank system tracks the Zacks Consensus Estimate, reflecting the consensus EPS estimates from sell-side analysts [1] Earnings Estimate Revisions and Stock Price Movement - Changes in a company's future earnings potential, reflected in earnings estimate revisions, strongly correlate with near-term stock price movements [4] - Institutional investors use earnings estimates to calculate fair value, leading to bulk investment actions that influence stock prices [4] - For Sunrun, rising earnings estimates and the consequent rating upgrade indicate an improvement in the company's underlying business, which should push the stock higher [5] Zacks Rank System and Its Effectiveness - The Zacks Rank system uses four factors related to earnings estimates to classify stocks into five groups, with Zacks Rank 1 stocks generating an average annual return of +25% since 1988 [7] - The system maintains an equal proportion of 'buy' and 'sell' ratings, with only the top 5% of Zacks-covered stocks receiving a 'Strong Buy' rating [9][10] - Sunrun's placement in the top 5% of Zacks-covered stocks indicates superior earnings estimate revision features, making it a strong candidate for market-beating returns [10] Sunrun's Earnings Estimate Revisions - Sunrun is expected to earn -$0.85 per share for the fiscal year ending December 2024, representing a year-over-year change of 88.1% [8] - Over the past three months, the Zacks Consensus Estimate for Sunrun has increased by 47.7%, reflecting steady upward revisions by analysts [8] Conclusion - The Zacks Rank upgrade for Sunrun reflects positivity about its earnings outlook, which could translate into buying pressure and an increase in its stock price [3][10] - The Zacks Rank system's focus on earnings estimate revisions provides a reliable method for identifying stocks with strong near-term potential [6][7]
Sunrun (RUN) Crossed Above the 20-Day Moving Average: What That Means for Investors
ZACKS· 2024-08-08 14:35
From a technical perspective, Sunrun (RUN) is looking like an interesting pick, as it just reached a key level of support. RUN recently overtook the 20- day moving average, and this suggests a short-term bullish trend. The 20-day simple moving average is a well-liked trading tool because it provides a look back at a stock's price over a 20-day period. Additionally, shortterm traders find this SMA very beneficial, as it smooths out short-term price trends and shows more trend reversal signals than longer-ter ...