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Sunrun (RUN) Gains But Lags Market: What You Should Know
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In the latest trading session, Sunrun (RUN - Free Report) closed at $23.99, marking a +0.42% move from the previous day. This change lagged the S&P 500's 0.84% gain on the day. At the same time, the Dow added 1.06%, and the tech-heavy Nasdaq gained 0.1%.
Prior to today's trading, shares of the solar energy products distributor had lost 24.21% over the past month. This has lagged the Oils-Energy sector's gain of 9.56% and the S&P 500's loss of 4.03% in that time.
Sunrun will be looking to display strength as it nears its next earnings release, which is expected to be February 17, 2022. On that day, Sunrun is projected to report earnings of $0.10 per share, which would represent year-over-year growth of 266.67%. Our most recent consensus estimate is calling for quarterly revenue of $398.99 million, up 24.52% from the year-ago period.
Any recent changes to analyst estimates for Sunrun should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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 11.63% 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 216, which puts it in the bottom 16% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Sunrun (RUN) Gains But Lags Market: What You Should Know
In the latest trading session, Sunrun (RUN - Free Report) closed at $23.99, marking a +0.42% move from the previous day. This change lagged the S&P 500's 0.84% gain on the day. At the same time, the Dow added 1.06%, and the tech-heavy Nasdaq gained 0.1%.
Prior to today's trading, shares of the solar energy products distributor had lost 24.21% over the past month. This has lagged the Oils-Energy sector's gain of 9.56% and the S&P 500's loss of 4.03% in that time.
Sunrun will be looking to display strength as it nears its next earnings release, which is expected to be February 17, 2022. On that day, Sunrun is projected to report earnings of $0.10 per share, which would represent year-over-year growth of 266.67%. Our most recent consensus estimate is calling for quarterly revenue of $398.99 million, up 24.52% from the year-ago period.
Any recent changes to analyst estimates for Sunrun should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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 11.63% 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 216, which puts it in the bottom 16% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.