Sunrun (RUN) Dips More Than Broader Markets: What You Should Know

This story originally appeared on Zacks

Sunrun (RUN) closed the last trading day at $32.76, up -1.47% from the previous trading session. This change delayed the S&P 500’s daily loss of 1.42%. Meanwhile, the Dow Jones lost 0.49%, and the tech-heavy Nasdaq lost 0.47%.

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Before today’s trading, shares of the solar energy products distribution company lost 7.66% over the past month. This slowed gains in the Oil & Energy sector by 8.29% and the S&P 500 by 0.39% in that time.

Investors are hoping to gain traction from Sunrun as it nears its next earnings release. In this report, analysts expect Sunrun to report earnings of $0.10 per share. This represents an annual growth of 266.67%. Meanwhile, our latest consensus estimate is $398.99 million in revenue, an increase of 24.52% over the prior year quarter.

Investors should also note any recent changes to analyst estimates for Sunrun. These recent reviews tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive rating reviews as a good sign of the company’s business outlook.

Based on our research, we believe that these discretionary reviews are directly related to stock movements close to the team. We developed Zacks Rank to take advantage of this phenomenon. Our system takes these discretionary changes into account and provides a clear and actionable rating model.

Ranging from #1 (strong buy) to #5 (strong sell), the Zacks Rank has a track record of outperforming externally audited, with the #1 stock having achieved a +25% average annual return since 1988. More in a month Last, Zacks Consensus EPS estimate fell 17.81%. Sunrun has a Zacks rank of 3rd (Hold) at the moment.

The solar energy industry is part of the oil and energy sector. This group has a Zacks Industry Rating of 195, placing it in the bottom 24% of all 250+ industries.

Zacks Industry Ranking measures the strength of our industry groups by measuring the average Zacks rating of the individual stocks within the groups. Our research shows that industries ranked 50% outperform the bottom half by a factor of 2 to 1.

Be sure to use Zacks.com to keep track of all these stock movement metrics and more in upcoming trading sessions.

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