S&P 500
7,582.20
+0.03%
Dow Jones
51,018.80
+0.58%
Nasdaq 100
30,344.40
+0.25%
Russell 2000
2,916.31
-0.54%
FTSE 100
10,378.60
-0.32%
Nikkei 225
66,231.90
+0.67%

Energy

What to Expect From Sunrun Earnings

Photo of Chris Lange
By Chris Lange Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

ThinkstockPhotos-464976707

Sunrun Inc. (NASDAQ: RUN) is scheduled to release its very first earnings report as a public company after the markets close on Thursday. The consensus estimates from Thomson Reuters call for a net loss of $0.50 per share on $90.51 million in revenue.

The company debuted on the market in its initial public offering (IPO) earlier in August. Now that the quiet period is over, the underwriters from the offering can now issue calls on this company.

The company entered the market on Wednesday, August 5, after setting its price at $14. Unfortunately the stock entered at $13.06, at the low end of its expected price range of $13 to $15. The shares closed down on both the following Wednesday and Thursday, at $10.77 and $8.77, respectively. The stock dropped a total of 37.4% to that Thursday’s close from the original pricing.

This company provides clean, solar energy to homeowners at a discount to traditional utility energy. Sunrun’s scalable operating platform provides it with a few advantages. First, it is able to drive distribution by marketing its solar service offerings through multiple channels, including a diverse partner network and direct-to-consumer operations. This multi-channel model supports broad sales and installation capabilities. Secondly, Sunrun is able to provide differentiated solutions to customers that it believes will drive meaningful margin advantages over the long term.

So far only five firms have issued calls on Sunrun:

  • Morgan Stanley initiated coverage with an Overweight rating.
  • Goldman Sachs initiated coverage with a Buy rating and a $17 price target.
  • Merrill Lynch initiated coverage with a Buy rating and a $17 price target.
  • Credit Suisse initiated coverage with an Outperform rating.
  • RBC Capital initiated coverage with an Outperform rating and a $16 price target.

Shares of Sunrun were up 1.3% at $11.54 midday Thursday. The stock has a post-IPO trading range of $8.23 to $13.31.

ALSO READ: 6 Alternative Energy Stocks Expected to Outperform in 2016

DISCLOSURE:
INVESTMENTS ARE NOT FDIC INSURED • ARE NOT BANK GUARANTEED • MAY LOSE VALUE Brokerage and Active investing products offered through SoFi Securities LLC, member FINRA(www.finra.org)/SIPC(www.sipc.org). Advisory services are offered by SoFi Wealth LLC, an SEC-registered investment adviser. Information about SoFi Wealth’s advisory operations, services, and fees is set forth in SoFi Wealth’s current Form ADV Part 2 (Brochure), a copy of which is available upon request and at www.adviserinfo.sec.gov. Probability of Member receiving $1,000 is a probability of 0.026%; If you don’t make a selection in 30 days, you’ll no longer qualify for the promo. Customer must fund their account with a minimum of $50.00 to qualify. Other fees, such as exchange fees, may apply. Please view our fee disclosure to view a full listing of fees. Investing in alternative investments and/or strategies may not be suitable for all investors and involves unique risks, including the risk of loss. An investor should consider their individual circumstances and any investment information, such as a prospectus, prior to investing. Interval Funds are illiquid instruments, the ability to trade on your timeline may be restricted. Brokerage and Active investing products offered through SoFi Securities LLC, Member FINRA(www.finra.org) /SIPC(www.sipc.org). There are limitations with fractional shares to consider before investing. During market hours fractional share orders are transmitted immediately in the order received. There may be system delays from receipt of your order until execution and market conditions may adversely impact execution prices. Outside of market hours orders are received on a not held basis and will be aggregated for each security then executed in the morning trade window of the next business day at market open. Share will be delivered at an average price received for executing the securities through a single batched order. Fractional shares may not be transferred to another firm. Fractional shares will be sold when a transfer or closure request is initiated. Please consider that selling securities is a taxable event. Options involve risks, including substantial risk of loss and the possibility an investor may lose the entire investment Before trading options please review the Characteristics and Risks of Standardized Options  Investing in an Initial Public Offering (IPO) involves substantial risk, including the risk of loss. Further, there are a variety of risk factors to consider when investing in an IPO, including but not limited to, unproven management, significant debt, and lack of operating history. For a comprehensive discussion of these risks please refer to SoFi Securities’ IPO Risk Disclosure Statement This should not be considered a recommendation to participate in IPOs and investors should carefully read the offering prospectus to determine whether an offering is consistent with their investment objectives, risk tolerance, and financial situation. New offerings generally have high demand and there are a limited number of shares available for distribution to participants. Many customers may not be allocated shares and share allocations may be significantly smaller than the shares requested in the customer’s initial offer (Indication of Interest). For more information on the allocation process please visit IPO Allocation.
Follow 24/7 Wall St. on Google
Photo of Chris Lange
About the Author Chris Lange →

Chris Lange is a writer for 24/7 Wall St., based in Houston. He has covered financial markets over the past decade with an emphasis on healthcare, tech, and IPOs. During this time, he has published thousands of articles with insightful analysis across these complex fields. Currently, Lange's focus is on military and geopolitical topics.

Lange's work has been quoted or mentioned in Forbes, The New York Times, Business Insider, USA Today, MSN, Yahoo, The Verge, Vice, The Intelligencer, Quartz, Nasdaq, The Motley Fool, Fox Business, International Business Times, The Street, Seeking Alpha, Barron’s, Benzinga, and many other major publications.

A graduate of Southwestern University in Georgetown, Texas, Lange majored in business with a particular focus on investments. He has previous experience in the banking industry and startups.

Continue Reading

Chris Lange |

Investors Lighten Up to Sunrun After Brutal IPO

After dropping since its IPO, Sunrun shares showed a slight recovery in Friday’s trading session.

Chris Lange |

5 Top Earnings for the Week Ahead

24/7 Wall St. has put together a preview of Kroger, Lululemon and some of the major companies reporting their quarterly…

Chris Lange |

Sunrun Prepares for IPO

Sunrun has filed with the U.S. Securities and Exchange Commission (SEC) to price its initial public offering (IPO).

Chris Lange |

What to Expect From Planet Fitness Earnings

Planet Fitness is scheduled to report its second-quarter financial results after the markets close on Wednesday.

JP Morgan’s 6 Best 2022 Picks in Alt/Solar Energy 
Paul Ausick |

JP Morgan’s 6 Best 2022 Picks in Alt/Solar Energy 

J.P. Morgan analysts have revisited their alternative energy stocks, naming three as their top picks in the space and highlighting…

Jon C. Ogg |

Initial Analyst Coverage Takes SolarEdge to Post-IPO Highs

SolarEdge Technologies has seen its quiet period after the initial public offering come to an end.

Paul Ausick |

Why Investors are Nervous About First Solar, SolarCity Earnings

Two of the most closely watched alternative energy stocks are scheduled to report earnings after markets close on Thursday.

Chris Lange |

How Analysts Rate Amplify Snack Brands After the Quiet Period

Now that the Amplify Snack Brands quiet period has come to a close, the underwriters in the IPO can issue…

What Analysts Are Saying About Pivotal Software After the Quiet Period
Chris Lange |

What Analysts Are Saying About Pivotal Software After the Quiet Period

Pivotal Software entered the market relatively quietly on back in April, but now it seems to be making a splash…

Top Gaining Stocks

Dell Technologies
DELL • Vol: 42,366,555
NetApp
NTAP • Vol: 15,911,807
ServiceNow
NOW • Vol: 68,243,561
IBM
IBM • Vol: 28,527,546
Hewlett Packard Enterprise
HPE • Vol: 86,996,387

Top Losing Stocks

Coterra Energy
CTRA • Vol: 73,319,495
Clorox
CLX • Vol: 4,744,001
ResMed
RMD • Vol: 3,526,686
Intel
INTC • Vol: 191,680,425
Skyworks Solutions
SWKS • Vol: 5,407,806