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Sunrun (RUN) Gains As Market Dips: What You Should Know
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In the latest trading session, Sunrun (RUN - Free Report) closed at $22.97, marking a +1.23% move from the previous day. This move outpaced the S&P 500's daily loss of 0.08%. Elsewhere, the Dow lost 0.34%, while the tech-heavy Nasdaq added 11.55%.
Coming into today, shares of the solar energy products distributor had lost 20.8% in the past month. In that same time, the Oils-Energy sector lost 3.23%, while the S&P 500 lost 1.03%.
Investors will be hoping for strength from Sunrun as it approaches its next earnings release. In that report, analysts expect Sunrun to post earnings of -$0.02 per share. This would mark a year-over-year decline of 120%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $581.55 million, up 33.62% from the year-ago period.
Any recent changes to analyst estimates for Sunrun should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 0.68% lower within the past month. Sunrun is currently a Zacks Rank #3 (Hold).
The Solar industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 202, which puts it in the bottom 20% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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 (RUN) Gains As Market Dips: What You Should Know
In the latest trading session, Sunrun (RUN - Free Report) closed at $22.97, marking a +1.23% move from the previous day. This move outpaced the S&P 500's daily loss of 0.08%. Elsewhere, the Dow lost 0.34%, while the tech-heavy Nasdaq added 11.55%.
Coming into today, shares of the solar energy products distributor had lost 20.8% in the past month. In that same time, the Oils-Energy sector lost 3.23%, while the S&P 500 lost 1.03%.
Investors will be hoping for strength from Sunrun as it approaches its next earnings release. In that report, analysts expect Sunrun to post earnings of -$0.02 per share. This would mark a year-over-year decline of 120%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $581.55 million, up 33.62% from the year-ago period.
Any recent changes to analyst estimates for Sunrun should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 0.68% lower within the past month. Sunrun is currently a Zacks Rank #3 (Hold).
The Solar industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 202, which puts it in the bottom 20% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.