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Why Sunrun (RUN) Could Be Positioned for a Surge

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Sunrun, Inc. (RUN - Free Report) is a company involved in residential solar energy systems and could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on RUN’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Sunrun could be a solid choice for investors.

Current Quarter Estimates for RUN

In the past 30 days, 3 estimates have gone higher for Sunrun while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates with estimates increasing from a loss of 48 cents a share 30 days ago, to earnings of 12 cents today.

Current Year Estimates for RUN

Meanwhile, Sunrun’s current year figures are also looking quite promising, with 4 estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from a loss of 71 cents per share 30 days ago to earnings of 72 cents per share today.

SUNRUN INC Price and Consensus

Bottom Line

The stock has also started to move higher lately, adding 9.4% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank stocks here.

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