A Sneak Peek At Sunrun Inc. ($RUN) 2Q20 Earnings

Sunrun Inc. (NASDAQ:RUN) is reporting second quarter financial results on Monday 10th August 2020, after market close.

According to analysts surveyed by Thomson Reuters, RUN is expected to report 2Q20 income of $ 0.16 per share from revenue of $ 187.56 million.

For the full year, analysts anticipate top line of $ 851.82 million, while looking forward to income of $ 0.38 per share bottom line.

Previous Quarter Performance

Sunrun Inc. reported loss for the first quarter of $ 0.23 per share, from the revenue of $ 210.73 million. The quarterly earnings while revenues up 8.34 percent compared with the same quarter last year.
According to street consensus, RUN was expected to report 1Q20 income of $ 0.01 per share from revenue of $ 196.70 million. The bottom line results missed street analysts by $ 0 or , at the same time, top line results outshined analysts by $ 14.03 million or 7.13 percent.

Historical Earnings Performance

Click Here For More Historical Earnings Of Sunrun Inc.

Stock Performance

According to the previous trading day, closing price of RUN was $ 46.00, representing a 486.73 % increase from the 52 week low of $ 7.84 and a 4.76 % decrease over the 52 week high of $ 48.30.

The company has a market capital of $ 5.63 billion and is part of the Technology sector and Solar industry.

Recent Analyst recommendations

  • On 13th July 2020, upgraded by KeyBanc to Overweight from Sector Weight rating.
Conference Call

Sunrun Inc. will be hosting a conference call at 5:00 PM eastern time on 10th August 2020, to discuss its 2Q20 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.