Sunrun Inc. (NASDAQ:RUN) Receives Consensus Rating of “Moderate Buy” from Analysts

Sunrun Inc. (NASDAQ:RUN) has been given a consensus recommendation of “Moderate Buy” by the twenty-two research firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $18.36.

RUN has been the subject of several research analyst reports. Barclays reduced their price target on shares of Sunrun from $18.00 to $15.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 28th. BMO Capital Markets decreased their target price on Sunrun from $20.00 to $11.00 and set a “market perform” rating on the stock in a research report on Monday, November 11th. Glj Research reaffirmed a “sell” rating and issued a $7.78 price target on shares of Sunrun in a research note on Thursday, November 7th. Oppenheimer reduced their price objective on Sunrun from $22.00 to $20.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. Finally, Jefferies Financial Group lowered their target price on shares of Sunrun from $19.00 to $17.00 and set a “buy” rating on the stock in a research note on Tuesday, January 28th.

Insider Activity

In other Sunrun news, CEO Mary Powell sold 4,350 shares of Sunrun stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $11.18, for a total value of $48,633.00. Following the completion of the transaction, the chief executive officer now directly owns 560,321 shares of the company’s stock, valued at $6,264,388.78. The trade was a 0.77 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CRO Paul S. Dickson sold 2,968 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $11.18, for a total transaction of $33,182.24. Following the sale, the executive now directly owns 418,492 shares in the company, valued at $4,678,740.56. This represents a 0.70 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 164,830 shares of company stock valued at $1,614,147. Company insiders own 3.77% of the company’s stock.

Institutional Investors Weigh In On Sunrun

A number of hedge funds have recently added to or reduced their stakes in the business. Sei Investments Co. boosted its stake in shares of Sunrun by 29.2% in the 2nd quarter. Sei Investments Co. now owns 64,224 shares of the energy company’s stock valued at $762,000 after buying an additional 14,517 shares during the period. AQR Capital Management LLC acquired a new stake in Sunrun in the second quarter valued at approximately $436,000. The Manufacturers Life Insurance Company lifted its stake in Sunrun by 63.6% in the second quarter. The Manufacturers Life Insurance Company now owns 231,110 shares of the energy company’s stock worth $2,741,000 after acquiring an additional 89,805 shares during the last quarter. Algert Global LLC acquired a new position in Sunrun during the 2nd quarter worth approximately $357,000. Finally, Cetera Investment Advisers increased its position in shares of Sunrun by 5.1% in the 2nd quarter. Cetera Investment Advisers now owns 100,017 shares of the energy company’s stock valued at $1,186,000 after purchasing an additional 4,840 shares during the last quarter. 91.69% of the stock is currently owned by institutional investors and hedge funds.

Sunrun Stock Down 2.0 %

Sunrun stock opened at $8.47 on Monday. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.47 and a quick ratio of 1.15. The stock has a market capitalization of $1.90 billion, a PE ratio of -4.65 and a beta of 2.59. The business has a 50 day simple moving average of $9.88 and a 200-day simple moving average of $14.01. Sunrun has a 12 month low of $8.22 and a 12 month high of $22.26.

Sunrun (NASDAQ:RUN) last posted its quarterly earnings data on Thursday, November 7th. The energy company reported ($0.37) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.21). Sunrun had a negative return on equity of 5.15% and a negative net margin of 18.80%. The company had revenue of $537.17 million for the quarter, compared to analyst estimates of $560.60 million. During the same quarter in the prior year, the company posted $0.40 earnings per share. On average, analysts anticipate that Sunrun will post -0.43 EPS for the current fiscal year.

Sunrun Company Profile

Sunrun Inc designs, develops, installs, sells, owns, and maintains residential solar energy systems in the United States. It also sells solar energy systems and products, such as panels and racking; and solar leads generated to customers. In addition, the company offers battery storage along with solar energy systems; and sells services to commercial developers through multi-family and new homes.