Latest news with #Sunrun
Yahoo
4 days ago
- Business
- Yahoo
Sunrun (RUN) Increases Despite Market Slip: Here's What You Need to Know
Sunrun (RUN) closed the most recent trading day at $10.24, moving +2.81% from the previous trading session. This change outpaced the S&P 500's 0.01% loss on the day. Elsewhere, the Dow saw a downswing of 0.32%, while the tech-heavy Nasdaq appreciated by 0.05%. The stock of solar energy products distributor has risen by 62.48% in the past month, leading the Oils-Energy sector's loss of 1.27% and the S&P 500's gain of 5.37%. The upcoming earnings release of Sunrun will be of great interest to investors. The company's earnings report is expected on August 6, 2025. The company's upcoming EPS is projected at -$0.18, signifying a 132.73% drop compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $557.23 million, indicating a 6.37% upward movement from the same quarter last year. For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$0.41 per share and a revenue of $2.26 billion, representing changes of -130.83% and +11.12%, respectively, from the prior year. Investors might also notice recent changes to analyst estimates for Sunrun. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability. Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system. The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 35.81% decrease. At present, Sunrun boasts a Zacks Rank of #3 (Hold). The Solar industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 92, placing it within the top 38% of over 250 industries. The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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 Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Sunrun Inc. (RUN) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
4 days ago
- Business
- Associated Press
Sunrun Prices $431 million Senior Securitization of Residential Solar Systems
SAN FRANCISCO, July 18, 2025 (GLOBE NEWSWIRE) -- Sunrun (Nasdaq: RUN), the nation's leading provider of clean energy as a subscription service, today announced it has priced a securitization of leases and power purchase agreements. The securitization is Sunrun's fourteenth public securitization since 2015 and third issuance in 2025. 'Sunrun's third securitization transaction of 2025 represents a refinancing of a seasoned pool of residential solar assets. We are proud of the strong execution achieved and thank our financing partners for continuing to recognize the high quality of our assets and excellence as a servicer,' said Danny Abajian, Sunrun's Chief Financial Officer. 'The strong performance of our numerous securitizations backed by these assets continues to be notable. The credit ratings for all Sunrun securitizations have been affirmed or upgraded since their issuance, as the performance of these transactions have remained in line with expectations.' The transaction was structured with two separate classes of A- rated notes (the 'Class A-1 Notes' and 'Class A-2 Notes' respectively and together the 'Class A Notes') and a single class of BB- rated notes (the 'Class B Notes'), which were retained. The $331 million Class A-1 Notes were marketed in a public asset backed securitization and the $100 million Class A-2 Notes were privately placed. The Class A Notes carry a coupon of 6.15%. The Class A-1 Notes were oversubscribed and priced at a spread of 240 bps and a 6.374% yield. The Class A Notes coupon is approximately equal to the coupon achieved in the company's prior securitization in March. The initial balance of the Class A Notes represents a 68% advance rate on the ADSAB (present value using a 6% discount rate). The Class A Notes have an expected weighted average life of 5.08 years, Optional Redemption Date of January 30, 2034, and a final maturity date of January 30, 2054. The Class B Notes will be pledged to an existing subordinated non-recourse financing. The notes are backed by a diversified portfolio of 63,318 systems distributed across 12 states and Washington D.C and 40 utility service territories. The weighted average customer FICO score is 757. The transaction is expected to close by July 30, 2025. Bank of America was the sole structuring agent and served as joint bookrunner along with Citigroup, Keybanc and Truist. This press release does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. About Sunrun Sunrun Inc. (Nasdaq: RUN) revolutionized the solar industry in 2007 by removing financial barriers and democratizing access to locally-generated, renewable energy. Today, Sunrun is the nation's leading provider of clean energy as a subscription service, offering residential solar and storage with no upfront costs. Sunrun's innovative products and solutions can connect homes to the cleanest energy on earth, providing them with energy security, predictability, and peace of mind. Sunrun also manages energy services that benefit communities, utilities, and the electric grid while enhancing customer value. Discover more at Investor & Analyst Contact: Patrick Jobin SVP, Deputy CFO & Investor Relations Officer [email protected] Media Contact: Wyatt Semanek Director, Corporate Communications [email protected]
Yahoo
5 days ago
- Business
- Yahoo
Sunrun (RUN) Drops as Investors Price In Analyst Rating
We recently published . Sunrun Inc. (NASDAQ:RUN) is one of the worst-performing companies on Thursday. Shares of Sunrun dropped by 3.68 percent on Thursday to close at $9.96 apiece as investors unloaded portfolios amid the lack of catalysts to support a rally. Thursday's session marked the company's second consecutive day of decline, suggesting that investors have already priced in optimistic comments from analysts recently. Earlier this week, Sunrun Inc. (NASDAQ:RUN) earned an 'overweight' rating and a higher price target of $16 from JPMorgan. The figure represented a 23-percent improvement from its $13 price target previously. According to JPMorgan, the revision was based on its confidence about the solar firm's leadership position in the underpenetrated residential energy services market, which it expects to grow by double digits. A field of solar panels glistening in the afternoon sun, symbolizing the company's renewable energy ambitions. It also underscored the company's strong revenue visibility from long-term customer contracts, alongside the potential for market share gains due to favorable Investment Tax Credit (ITC) rules. Meanwhile, investment firm Mizuho also posted a bullish sentiment on shares of Sunrun Inc. (NASDAQ:RUN), raising its price target to $21 from $13 previously, while maintaining an 'outperform' rating. While we acknowledge the potential of RUN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
15-07-2025
- Business
- Yahoo
Sunrun (RUN) Stock Trades Up, Here Is Why
Shares of residential solar energy company Sunrun (NASDAQ:RUN) jumped 3.6% in the afternoon session after analysts at both Mizuho and J.P. Morgan raised their price targets for the residential solar company. Mizuho boosted its price target significantly to $21 from $13, while maintaining an "outperform" rating on the stock. Similarly, J.P. Morgan increased its target to $16 from $13, keeping its "Overweight" rating. J.P. Morgan cited Sunrun's leadership position in the underpenetrated residential energy services market, which it expects to grow at a double-digit rate. The firm also pointed to the company's strong revenue visibility from long-term customer contracts and potential for market share gains due to favorable Investment Tax Credit (ITC) rules. These bullish analyst notes provided a positive catalyst for the stock, signaling growing confidence in Sunrun's future performance and growth prospects within the clean energy sector. After the initial pop the shares cooled down to $10.67, up 2.9% from previous close. Is now the time to buy Sunrun? Access our full analysis report here, it's free. Sunrun's shares are extremely volatile and have had 79 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The previous big move we wrote about was 7 days ago when the stock dropped 10.6% on the news that President Donald Trump directed federal agencies to strengthen provisions to repeal or modify tax credits for solar and wind energy projects and made negative comments about the renewable energy sources. The move sent a chill through the renewable energy sector, with solar stocks bearing the brunt of the sell-off. The directive to review and potentially eliminate crucial tax incentives that have supported the industry's growth, creates significant uncertainty for companies like Sunrun, which rely on these credits to make residential solar installations more affordable for customers. The market reacted swiftly to the perceived threat to the solar industry's business model. Sunrun is up 4.5% since the beginning of the year, but at $10.67 per share, it is still trading 50.4% below its 52-week high of $21.50 from August 2024. Investors who bought $1,000 worth of Sunrun's shares 5 years ago would now be looking at an investment worth $297.91. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
15-07-2025
- Business
- Yahoo
JP Morgan downgrades solar stocks amid tax credit shift
-- JP Morgan downgraded U.S. residential solar stocks as expiring tax credits drive a rush of installations this year, followed by a sharp drop in demand for homeowner-owned systems. JP Morgan downgraded Enphase Energy (NASDAQ:ENPH) and SolarEdge Technologies (NASDAQ:SEDG) to Neutral on expected share losses and pressure on margins as the market moves decisively toward third-party-owned (TPO) models, leases and power purchase agreements. Analysts now expect over 90% of installations in 2026 to come from TPO, up from roughly 50% today. The shift is being driven by the upcoming expiration of the 25D tax credit for cash and loan purchases at the end of 2025, a change JP Morgan says will slash that segment by half in 2026. Meanwhile, leases and PPAs remain eligible for a separate 48E credit, with added incentives, through 2027, and storage installations retain visibility through 2032. Sunrun (NASDAQ:RUN) is JP Morgan's top pick to benefit from the changes. The bank reiterated its Overweight rating and raised its year-end 2025 price target to $16 from $13, pointing to the company's dominant share in the TPO space and strong position in residential storage. However, it warned that Sunrun's drive for cash flow could limit how aggressively it captures share. For Enphase, JP Morgan sees softer margins as its core base of cash-sale installers erodes. While the company still serves the lease/PPA channel, that business is seen as less profitable. Its price target was slashed to $37 from $64. SolarEdge could regain share in the U.S. inverter market due to its stronger exposure to leasing, though JPMorgan trimmed its rating after a sharp rally in the stock. It raised the price target to $23 from $18, citing improved forecasts but advised waiting for a pullback. Related articles JP Morgan downgrades solar stocks amid tax credit shift Risks Rising? Smart Money Dodged 46%+ Drawdowns on These High-Flying Names After soaring 149%, this stock is back in our AI's favor - & already +25% in July Sign in to access your portfolio
