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Why Sunrun (RUN) Outpaced the Stock Market Today

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In the latest trading session, Sunrun (RUN - Free Report) closed at $8.90, marking a +1.14% move from the previous day. The stock's change was more than the S&P 500's daily gain of 0.72%. Meanwhile, the Dow gained 0.3%, and the Nasdaq, a tech-heavy index, added 1.35%.

Prior to today's trading, shares of the solar energy products distributor had lost 19.78% over the past month. This has lagged the Oils-Energy sector's gain of 0.1% and the S&P 500's gain of 1.02% in that time.

Investors will be eagerly watching for the performance of Sunrun in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on February 27, 2025. The company is expected to report EPS of -$0.27, up 79.7% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $538.42 million, indicating a 4.23% increase compared to the same quarter of the previous year.

Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Sunrun. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.

Our research suggests that these changes in estimates have a direct relationship with upcoming 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, there's been a 17.97% fall in the Zacks Consensus EPS estimate. At present, Sunrun boasts a Zacks Rank of #3 (Hold).

The Solar industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 66, placing it within the top 27% of over 250 industries.

The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

To follow RUN in the coming trading sessions, be sure to utilize Zacks.com.


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