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 ...

Core Viewpoint - Sunrun has successfully priced its twelfth securitization of leases and power purchase agreements, demonstrating strong execution in capital markets and highlighting its industry-leading cost of capital [1][2]. Securitization Details - The transaction includes two classes of publicly placed A+ rated notes (Class A-1 and Class A-2) and a single class of BB rated notes (Class B) [3]. - Class A-1 notes amount to $75.0 million with a coupon of 5.49%, while Class A-2 notes total $290.4 million with a coupon of 5.88% [3]. - The Class A-1 notes priced at a spread of 210 basis points and a yield of 5.538%, whereas Class A-2 notes priced at a spread of 240 basis points and a yield of 5.933% [3]. - The initial balance of Class A notes represents a 73.8% advance rate on the Securitization Share of ADSAB, with expected weighted average lives of 4.83 years for Class A-1 and 6.99 years for Class A-2 [3]. Portfolio and Customer Metrics - The notes are backed by a diversified portfolio of 21,281 systems across 19 states and Puerto Rico, covering 73 utility service territories [5]. - The weighted average customer FICO score is 741, indicating a strong credit profile among customers [5]. Future Financing Plans - Sunrun anticipates raising additional subordinated subsidiary-level non-recourse financing, which is expected to enhance the cumulative advance rate [4]. Closing Timeline - The transaction is expected to close by September 26, 2024 [5]. Company Overview - Sunrun, established in 2007, is the leading provider of clean energy as a subscription service, focusing on residential solar and storage solutions without upfront costs [7].

The most recent trading session ended with Sunrun (RUN) standing at $18.80, reflecting a -1.85% shift from the previouse trading day's closing. This change lagged the S&P 500's daily gain of 0.75%. Elsewhere, the Dow gained 0.58%, while the tech-heavy Nasdaq added 1%. Heading into today, shares of the solar energy products distributor had gained 3.46% over the past month, outpacing the Oils-Energy sector's loss of 4.12% and lagging the S&P 500's gain of 4.03% in that time. The investment community will be c ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sellside) analysts often affect a stock's price, do they really matter? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Sunrun (RUN) . Sunrun currently has an average brokerage recommendation (A ...

SAN FRANCISCO, Aug. 20, 2024 (GLOBE NEWSWIRE) -- Sunrun (Nasdaq: RUN), the nation's leading provider of clean energy as a subscription service, announced today that it is the first and only storage-plussolar company to surpass 1 million customers—firmly establishing its position as the largest developer of residential clean energy systems in the U.S. Sunrun now accounts for one in every five home solar systems installed in the country, providing benefits to 1 million families, or approximately 3 million peo ...

Zacks Rating Upgrade for Sunrun - Sunrun has been upgraded to a Zacks Rank 1 (Strong Buy), indicating a positive earnings outlook and potential stock price increase [1][3] - The upgrade is driven by an upward trend in earnings estimates, which is a powerful force impacting stock prices [1][4] - The Zacks Rank system tracks the Zacks Consensus Estimate, reflecting the consensus EPS estimates from sell-side analysts [1] Earnings Estimate Revisions and Stock Price Movement - Changes in a company's future earnings potential, reflected in earnings estimate revisions, strongly correlate with near-term stock price movements [4] - Institutional investors use earnings estimates to calculate fair value, leading to bulk investment actions that influence stock prices [4] - For Sunrun, rising earnings estimates and the consequent rating upgrade indicate an improvement in the company's underlying business, which should push the stock higher [5] Zacks Rank System and Its Effectiveness - The Zacks Rank system uses four factors related to earnings estimates to classify stocks into five groups, with Zacks Rank 1 stocks generating an average annual return of +25% since 1988 [7] - The system maintains an equal proportion of 'buy' and 'sell' ratings, with only the top 5% of Zacks-covered stocks receiving a 'Strong Buy' rating [9][10] - Sunrun's placement in the top 5% of Zacks-covered stocks indicates superior earnings estimate revision features, making it a strong candidate for market-beating returns [10] Sunrun's Earnings Estimate Revisions - Sunrun is expected to earn -$0.85 per share for the fiscal year ending December 2024, representing a year-over-year change of 88.1% [8] - Over the past three months, the Zacks Consensus Estimate for Sunrun has increased by 47.7%, reflecting steady upward revisions by analysts [8] Conclusion - The Zacks Rank upgrade for Sunrun reflects positivity about its earnings outlook, which could translate into buying pressure and an increase in its stock price [3][10] - The Zacks Rank system's focus on earnings estimate revisions provides a reliable method for identifying stocks with strong near-term potential [6][7]

From a technical perspective, Sunrun (RUN) is looking like an interesting pick, as it just reached a key level of support. RUN recently overtook the 20- day moving average, and this suggests a short-term bullish trend. The 20-day simple moving average is a well-liked trading tool because it provides a look back at a stock's price over a 20-day period. Additionally, shortterm traders find this SMA very beneficial, as it smooths out short-term price trends and shows more trend reversal signals than longer-ter ...

Sunrun (RUN) recently released its second-quarter 2024 results, wherein both its earnings and revenues comfortably exceeded their respective Zacks Consensus Estimate, backed by solid storage installation and attachment rates. The company was also successful in achieving a notable 13% growth in its customer count, which further strengthened its revenue generation prospects. With an impressive 11% year-over-year increase in its subscriber value, realized in the second quarter, some investors might be eager to ...

Sunrun (NASDAQ:RUN) stock is taking off on Wednesday after the solar power company provided investors with its earnings report for the second quarter of 2024. That report starts with the company's diluted earnings per share of 55 cents. That's a massive surprise for RUN stockholders when Wall Street was expecting EPS of -40 cents for the quarter. It's also a jump from the 25 cents reported in the same period of the year prior. Adding to this is Sunrun's revenue of $523.87 million for Q2 2024. This is above ...

Sunrun Inc (NASDAQ:RUN) stock is surging today, last seen up 13.9% to trade at $18.78, headed for its largest single-day percentage pop since mid-July. The solar panel company reported better-than-expected second-quarter results, with earnings of 55 cents per share far surpassing the 33 cent loss anticipated by analysts. Furthermore, the company announced it was teaming up with Tesla (TSLA) for a power plant in Texas. A flood of analysts lifted their price targets on Sunrun stock in response, the highest co ...