Latest news with #Sunrun
Yahoo
12 hours ago
- Business
- Yahoo
Jim Cramer and Wall Street Are Watching Sunrun Inc. (RUN)
We recently published a list of . In this article, we are going to take a look at where Sunrun Inc. (NASDAQ:RUN) stands against other stocks on Jim Cramer and Wall Street's radar. During an episode at the end of April, Cramer remarked the following about Sunrun Inc. (NASDAQ:RUN): 'No, a bad couple quarters. I can't be there. And by the way, look, First Solar's a really good company. It got clubbed the other day. I think the group is very fraught right now. It's fraught.' A field of solar panels glistening in the afternoon sun, symbolizing the company's renewable energy ambitions. Sunrun Inc. (NASDAQ:RUN) is a residential solar energy company that designs, installs, and maintains solar systems and battery storage. On May 22, BMO Capital analyst Ameet Thakkar downgraded Sunrun's (NASDAQ:RUN) rating to Underperform from Market Perform and also lowered the price target to $4 from $9. The firm believes changes proposed in President Trump's 'One Big Beautiful Bill Act' could block the company from claiming solar investment tax credits on residential leases under Section 48E starting in fiscal 2026. Although the bill is not yet final and may be revised, the recent draft dropped Section 25D credits, and there appears to be little support in the Senate to bring back residential credits. Since most of Sunrun's (NASDAQ:RUN) customers lease their systems and the company keeps the tax benefits, losing access to 48E poses a serious threat to its business model. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Connectez-vous pour accéder à votre portefeuille
Yahoo
2 days ago
- Business
- Yahoo
GLJ upgrades Sunrun to Hold on ‘solar friendly' Senate
GLJ Research upgraded Sunrun (RUN) to Hold from Sell with a $7.78 price target The firm cites the recent selloff in the shares and the 'solar friendly' Senate for the upgrade. Being short carries risks as Senate budget bill language favors residential solar, creating risk of a near-term 'swift move higher' in the shares, the analyst tells investors in a research note. However, GLJ still sees Sunrun's core business as 'structurally flawed.' Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Read More on RUN: Disclaimer & DisclosureReport an Issue Sunrun upgraded to Hold from Sell at GLJ Research Sunrun price target lowered to $12 from $17 at UBS Sunrun call volume above normal and directionally bullish Sunrun price target lowered to $6 from $7 at Jefferies Charged: Solar stocks under pressure after House passes revised tax bill Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNBC
3 days ago
- Business
- CNBC
UBS says this solar stock can rally 75% even as U.S. budget bill poses risks to clean energy
Sunrun can surge from here even as a new U.S. budget bill poses a risk to the clean energy sector, according to UBS. Analyst Jon Windham kept his buy rating on the solar company. He did cut his price target to $12 from $17, but that still implies the stock could still gain 75% from Thursday's close. Sunrun shares have plunged nearly 26% this year and more than 52% over the past year, as traders ditch clean energy names under the Trump administration. The Invesco Solar ETF (TAN) has dropped more than 3% in 2025 and 13% in the past six months. The latest headwind for the sector comes after the U.S. House of Representatives on May 22 passed the "One Big Beautiful Bill Act," which proposes to eliminate the 30% Investment Tax Credit by the end of December. The bill has allowed homeowners to reduce their electricity costs by installing solar panels and battery storage systems. "Our lower target multiple reflects the overall intent of the House to seemingly remove all tax credits regarding residential solar and our relatively negative outlook on the Senate's willingness to preserve the credits compared to programs like the 45x manufacturing credit," Windham wrote in a Friday note to clients. RUN 1Y mountain Sunrun stock performance. But according to the analyst, Sunrun could remain resilient in the face of these cuts. If the residential tax credits are fully slashed, he said Sunrun could survive regulatory changes by structuring its Power Purchase Agreement options, getting more state-level policy support and transitioning to end markets such as commercial and industrial and community solar. He also noted that the company has strong assets. "Our estimates are unchanged as there is the potential for revisions in the U.S. Senate and possible that a final bill does not pass," Windham wrote. "We maintain our buy rating ... based on RUN's underlying $2.6bn portfolio of contracted net earning assets. In addition, we see potential upside scenarios beyond the U.S. budget bill." Wall Street remains split on Sunrun. Of the 25 analysts covering the stock, on rates it a strong buy, while 10 rate it a buy and 12 give it a hold, per LSEG.
Yahoo
7 days ago
- Business
- Yahoo
Compared to Estimates, Sunrun (RUN) Q1 Earnings: A Look at Key Metrics
For the quarter ended March 2025, Sunrun (RUN) reported revenue of $504.27 million, up 10.1% over the same period last year. EPS came in at $0.20, compared to -$0.40 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $493.97 million, representing a surprise of +2.09%. The company delivered an EPS surprise of +190.91%, with the consensus EPS estimate being -$0.22. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Here is how Sunrun performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Solar Energy Capacity Installed for Subscribers: 375 MW versus the five-analyst average estimate of 176.85 MW. Networked Solar Energy Capacity: 7,721 MW compared to the 8,009.15 MW average estimate based on three analysts. Revenue- Customer agreements and incentives: $402.92 million versus the six-analyst average estimate of $378.92 million. The reported number represents a year-over-year change of +24.8%. Revenue- Solar energy systems and product sales: $101.35 million versus the six-analyst average estimate of $114.44 million. The reported number represents a year-over-year change of -25.1%. Revenue- Solar energy systems: $40.07 million compared to the $57.83 million average estimate based on four analysts. The reported number represents a change of -38.4% year over year. Revenue- Incentives: $21.56 million compared to the $32.02 million average estimate based on four analysts. The reported number represents a change of +14.5% year over year. Revenue- Products: $61.28 million versus $59.26 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -12.7% change. Revenue- Customer agreements: $381.36 million versus $346.90 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +25.4% change. Gross Profit- Solar Energy Systems and Product: $4.55 million versus the four-analyst average estimate of $6.12 million. Gross Profit- Customer Agreements and Incentives: $94.29 million compared to the $56.14 million average estimate based on four analysts. View all Key Company Metrics for Sunrun here>>>Shares of Sunrun have returned -6.9% over the past month versus the Zacks S&P 500 composite's +8.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Sunrun Inc. (RUN) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
24-05-2025
- Business
- Yahoo
Sunrun (RUN) Nosedived by Over 37% Today. Here is Why.
The share price of Sunrun Inc. (NASDAQ:RUN) fell by over 37% on May 22, 2025, wiping off almost $1 billion of value for its shareholders. Let's shed some light on the matter. A field of solar panels glistening in the afternoon sun, symbolizing the company's renewable energy ambitions. Sunrun Inc. (NASDAQ:RUN) is America's leading provider of clean energy as a subscription service, offering residential solar and energy storage with no upfront costs. Sunrun Inc. (NASDAQ:RUN) suffered a major setback on May 22, 2025, after President Trump's sweeping tax and spending bill advanced through the House of Representatives, effectively putting the brakes on a clean energy production boom in the United States spurred by subsidies enacted in 2022. The 'one big beautiful bill', now on its way to the Senate, is intended to end Biden-era tax credits for clean energy projects years sooner than planned, marking a significant blow for the country's ballooning solar energy industry, which depends heavily on these tax credits to sustain itself. The rooftop solar industry has been hit particularly hard, as the legislation terminates tax credits and eliminates their 'transferability' for installers like Sunrun Inc. (NASDAQ:RUN) that lease equipment to customers. As a result, the company's entire business model is now under threat, since it generated over $700 million last year from transferring investment tax credits from its solar and storage projects. Moreover, it reported $117 million of 'incentives revenue' in 2024, which includes the tax credits, out of around $1.4 billion in total revenue for the year. While we acknowledge the potential of RUN to grow, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than RUN but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 10 Cheap Energy Stocks to Buy Now and 10 Most Undervalued Energy Stocks to Buy According to Hedge Funds Disclosure: None. Sign in to access your portfolio
