Core Viewpoint - Sunrun (RUN) shares have increased by 3.2% recently, closing at $16.91, with a mean price target of $22.54 indicating a potential upside of 33.3% [1] Price Targets and Analyst Estimates - The mean estimate consists of 23 short-term price targets with a standard deviation of $6.73, where the lowest estimate is $13 (23.1% decline) and the highest is $38 (124.7% increase) [2] - A low standard deviation suggests a strong agreement among analysts regarding the stock's price movement, which can serve as a starting point for further research [7] Earnings Estimates and Analyst Optimism - Analysts show growing optimism about Sunrun's earnings, as indicated by upward revisions in EPS estimates, which correlate with potential stock price increases [9] - Over the past 30 days, one estimate has increased, leading to a 0.6% rise in the Zacks Consensus Estimate for the current year [10] Zacks Rank and Investment Potential - Sunrun holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate factors, suggesting a strong potential upside [11]

Core Viewpoint - Sunrun Inc. is expected to report its third-quarter 2024 results on November 7, with a consensus estimate indicating a decline in sales and earnings compared to the previous year [1][6]. Group 1: Performance Expectations - The company reported second-quarter earnings of 55 cents per share, surpassing the Zacks Consensus Estimate of a loss of 26 cents [1]. - The Zacks Consensus Estimate for third-quarter sales is $560.6 million, reflecting a 0.5% decline from the same period last year [6]. - The earnings estimate for the third quarter is a loss of 16 cents per share, indicating a deterioration from earnings of 40 cents reported a year ago [6]. Group 2: Factors Influencing Performance - Solid solar energy and storage capacity installations, driven by increasing solar demand and improving storage attachment rates, are expected to positively impact the company's top-line performance [2]. - A growing customer base is likely to contribute favorably to revenues in the upcoming quarter [2]. - However, a higher mix of subscribers leads to less upfront revenue recognition, as revenues are recognized over the life of the Customer Agreement, which may adversely affect third-quarter revenues [3]. Group 3: Market and Policy Impact - Significant changes in California's residential solar policy and pricing framework, which affects over 45% of Sunrun's customer base, may limit the financial attractiveness of its offerings, particularly for solar-only systems [4]. - The new net metering policy adopted in December 2022 and implemented in April 2023 could have resulted in lower solar installations in California, negatively impacting quarterly revenues [4]. Group 4: Cost and Earnings Outlook - Declining solar and storage equipment costs, along with operating leverage from volume growth, are expected to benefit the company's bottom-line performance [5]. - High interest expenses and unimpressive revenue expectations may weigh on earnings [5]. - The company has an Earnings ESP of +12.57%, indicating a potential earnings beat [7].

Core Insights - Sunrun has appointed John Trinta, former CEO of Deloitte Financial Advisory Services, to its Board of Directors and Audit Committee, bringing nearly 40 years of expertise in tax and accounting [1][2] - Trinta's extensive experience includes leadership roles at Deloitte, where he was instrumental in strategic growth initiatives and mergers, enhancing the company's financial advisory and risk practices [2][3] - Sunrun aims to leverage Trinta's financial expertise to strengthen its position in the clean energy sector and continue its margin-focused growth strategy [2][3] Company Overview - Sunrun is the leading provider of clean energy as a subscription service in the U.S., having revolutionized the solar industry since 2007 by removing financial barriers to access renewable energy [4] - The company offers residential solar and storage solutions with no upfront costs, focusing on energy security and predictability for customers [4] - Sunrun also manages energy services that benefit communities and utilities, enhancing overall customer value [4]

Core Insights - Sunrun and Orange and Rockland Utilities have activated New York's largest residential power plant using over 300 solar-plus-storage systems to stabilize the electric grid during peak demand events [1][2] - The project supports New York's transition to clean energy and aims to meet the state's storage and electrification goals [2][3] Company Overview - Sunrun is the leading provider of clean energy as a subscription service, with over 1 million customers and 116,000 installed storage systems, accounting for nearly half of all new home battery installations in the U.S. [4] - The company offers residential solar and storage solutions with no upfront costs, enhancing energy security and predictability for customers [5] Project Details - The program allows Sunrun to synchronize battery discharges to deliver stored solar power during peak usage, providing backup power to participating homes [2][3] - Customers enrolled in the program receive a free or heavily discounted home battery, benefiting from utility bill credits for excess energy supplied to the grid [3][4] Strategic Importance - The initiative is seen as a significant step towards fortifying New York's energy grid and demonstrates the potential of home solar-plus-storage systems as flexible resources during electric system stress [3][4]

Core Viewpoint - Sunrun (RUN) has been upgraded to a Zacks Rank 2 (Buy) due to an upward trend in earnings estimates, which is a significant factor influencing stock prices [1][2] Earnings Estimates and Stock Price Movement - The Zacks rating system is based on changes in earnings estimates, which are strongly correlated with near-term stock price movements [3][5] - Institutional investors utilize earnings estimates to determine the fair value of stocks, leading to buying or selling actions that affect stock prices [3] Sunrun's Earnings Outlook - The recent upgrade for Sunrun indicates an improvement in the company's underlying business, which is expected to positively influence its stock price [4] - Sunrun is projected to earn -$0.17 per share for the fiscal year ending December 2024, reflecting a year-over-year change of 97.6% [7] - Over the past three months, the Zacks Consensus Estimate for Sunrun has increased by 86.7% [7] Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with a strong historical performance, particularly for Zacks Rank 1 stocks, which have averaged a +25% annual return since 1988 [6] - The upgrade of Sunrun to a Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, indicating a strong potential for market-beating returns in the near term [9]

Company Performance - Sunrun's stock closed at $16.84, reflecting a -1% change from the previous day, which is less than the S&P 500's daily loss of 0.17% [1] - Over the past month, Sunrun's shares have decreased by 13.35%, underperforming compared to the Oils-Energy sector's gain of 0.85% and the S&P 500's gain of 1.25% [1] Earnings Expectations - The upcoming earnings report for Sunrun is anticipated to show an EPS of -$0.13, representing a decline of 132.5% from the same quarter last year [2] - Revenue is expected to be $561.33 million, indicating a slight decrease of 0.33% compared to the previous year [2] Annual Estimates - For the annual period, the Zacks Consensus Estimates project an EPS of -$0.16 and revenue of $2.14 billion, reflecting increases of 97.76% and a decrease of 5.41% respectively from the last year [3] - Recent changes in analyst estimates suggest a correlation with the company's near-term business trends, indicating analysts' confidence in Sunrun's performance [3] Zacks Rank and Industry Performance - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), has shown that 1 stocks have delivered an average annual return of +25% since 1988 [5] - Sunrun currently holds a Zacks Rank of 3 (Hold), with the Zacks Consensus EPS estimate increasing by 55.98% over the last 30 days [5] - The Solar industry, part of the Oils-Energy sector, has a Zacks Industry Rank of 167, placing it in the bottom 34% of over 250 industries [5]

Group 1 - Sunrun Inc (RUN) shares fell 3.66% to $16.86, down from a previous close of $17.50, marking a 24.26% decline from its 52-week high of $22.26 and a 99.99% increase from its 52-week low of $8.43 [1] - The trading volume for Sunrun Inc was 2,382,415 shares, which is 27.9% of the average daily volume of 8,526,774 [1] Group 2 - The average one-year price target for Sunrun Inc, based on estimates from 24 analysts, is $22.24, indicating a potential upside of 31.91% from the current price of $16.86 [2] - The consensus recommendation from 28 brokerage firms gives Sunrun Inc an average rating of 2.3, suggesting an "Outperform" status on a scale where 1 is Strong Buy and 5 is Sell [2] - GuruFocus estimates the GF Value for Sunrun Inc at $21.32, implying a potential upside of 26.45% from the current price of $16.86 [2]

Core Insights - Toll Brothers, Inc. has formed a national partnership with Sunrun Inc. to provide solar power and storage solutions for its homes, starting with an exclusive agreement in California [1][3] - The partnership allows Sunrun to offer solar power as a standard feature in all Toll Brothers communities in California, with options for battery storage systems [2][3] - This collaboration aims to enhance Toll Brothers' commitment to sustainability and innovation in homebuilding, expanding solar offerings to additional markets nationwide [3][4] Company Overview - Toll Brothers, Inc. is recognized as the leading builder of luxury homes in the United States, founded in 1967 and publicly traded since 1986 [5][6] - The company operates in over 60 markets across 24 states, providing a range of housing options for various buyer segments [5][6] - Toll Brothers has been consistently recognized for its excellence, being named to Fortune's World's Most Admired Companies list for ten consecutive years [7]

Core Insights - Sunrun's CEO Mary Powell has been recognized by Forbes as one of the inaugural Sustainability Leaders, highlighting her role in driving a sustainable future through innovation and impact [1][6] - Under Powell's leadership, Sunrun has become the first solar-plus-storage company in the U.S. to exceed 1 million customers, achieving significant growth in both customer base and product offerings [2][4] Company Performance - Sunrun has added over 400,000 customers in the last three years, surpassing the 1 million customer milestone [4] - The company installs approximately 1 gigawatt of distributed home solar annually and has increased battery storage installations by 400%, from 23,000 to over 116,000 [4] Leadership and Recognition - Mary Powell's leadership has been acknowledged with multiple accolades, including Utility Dive's 2019 Executive of the Year and a position on Fast Company's list of the 100 Most Creative People [5] - Powell emphasizes the importance of a customer-led clean energy revolution to improve lives and stabilize the grid [3] Industry Context - Forbes' Sustainability Leaders list coincides with the third annual Sustainability Leaders Summit, recognizing leaders who are addressing climate change through scalable solutions and technology [6] - Sunrun's innovative approach to clean energy aims to democratize access to renewable energy and enhance energy security for customers [7]

Sunrun (RUN) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, RUN broke through the 20-day moving average, which suggests a short-term bullish trend. A well-liked tool among traders, the 20-day simple moving average offers a look back at a stock's price over a 20-day period. This is very beneficial to short-term traders, as it smooths out short-term price trends and gives more trend reversal signals than longer-term moving averages. The 20-d ...