Sunrun (RUN) closed at $7.79 in the latest trading session, marking a +2.64% move from the prior day. The stock exceeded the S&P 500, which registered a loss of 0.02% for the day. Elsewhere, the Dow lost 0.35%, while the tech-heavy Nasdaq lost 0.15%.
Prior to today's trading, shares of the solar energy products distributor had lost 8.88% lagged the Oils-Energy sector's gain of 3.04% and the S&P 500's gain of 2.05%.
The upcoming earnings release of Sunrun will be of great interest to investors. The company's earnings report is expected on November 4, 2026. The company's earnings per share (EPS) are projected to be $0.12, reflecting a 100% increase from the same quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $795.86 million, up 9.84% from the year-ago period.
RUN's full-year Zacks Consensus Estimates are calling for earnings of $1.16 per share and revenue of $3.22 billion. These results would represent year-over-year changes of -32.16% and +8.9%, respectively.
Investors should also take note of any recent adjustments to analyst estimates for Sunrun. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 2.28% lower. Currently, Sunrun is carrying a Zacks Rank of #3 (Hold).
Digging into valuation, Sunrun currently has a Forward P/E ratio of 6.57. This valuation marks a discount compared to its industry average Forward P/E of 13.3.
The Solar industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 214, positioning it in the bottom 14% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Sunrun Inc. (RUN): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).