Sunrun Inc. (NASDAQ:RUN) is set to announce third quarter earning results on Thursday 5th November 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, RUN to report 3Q20 income of $ 0.02 per share.
For the full year, analysts anticipate top line of $ 866.85 million, while looking forward to loss of $ 0.17 per share bottom line.
Previous Quarter Performance
Sunrun Inc. came out with loss for the second quarter of $ 0.11 per share, from the revenue of $ 181.29 million. The quarterly revenues down 9.44 percent compared with the same quarter last year. The consensus estimates are income of $ 0.16 per share from $ 187.56 million in revenue. The bottom line results missed street analysts by $ 0.27 or 168.75 percent, at the same time, top line results fell short of analysts by $ 6.27 million or 3.34 percent.
Stock Performance
Shares of Sunrun Inc. traded up $ 0.00 or 0.00 percent on Wednesday, reaching $ 54.00 with volume of 8.06 million shares. Sunrun Inc. has traded high as $ 54.61 and has cracked $ 49.21 on the downward trend
The closing price of $ 54.00, representing a 588.78 % increase from the 52 week low of $ 7.84 and a 34.48 % decrease over the 52 week high of $ 82.42.
The company has a market capital of $ 10.59 billion and is part of the Technology sector and Solar industry.
Recent Analyst recommendations
- On 30th September 2020, downgraded by Goldman Sachs Group to Neutral from Buy rating.
Conference Call
Sunrun Inc. will be hosting a conference call at 5:00 PM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.sunrun.com
Sunrun Inc. engages in the design, development, installation, sale, ownership, and maintenance of residential solar energy systems in the United States. It also sells solar energy systems and products, such as panels and racking, as well as solar leads generated to customers.
