BidaskClub lowered shares of Sunrun Inc. (NASDAQ:RUN) from a buy rating to a hold rating in a research note published on Wednesday morning.

Other analysts have also issued research reports about the stock. Goldman Sachs Group, Inc. (The) set a $10.00 price objective on shares of Sunrun and gave the stock a buy rating in a report on Tuesday, June 20th. ValuEngine lowered shares of Sunrun from a strong-buy rating to a buy rating in a report on Friday, September 1st. Zacks Investment Research raised shares of Sunrun from a hold rating to a buy rating and set a $7.75 price target for the company in a report on Wednesday, July 12th. Bank of America Corporation reissued a neutral rating and issued a $8.00 price target (up previously from $7.75) on shares of Sunrun in a report on Thursday, August 10th. Finally, Barclays PLC raised their price target on shares of Sunrun from $6.00 to $8.00 and gave the company an overweight rating in a report on Tuesday, August 8th. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of Buy and an average target price of $9.33.

Sunrun (RUN) opened at 5.59 on Wednesday. Sunrun has a one year low of $4.15 and a one year high of $7.34. The company has a 50-day moving average price of $6.68 and a 200-day moving average price of $6.68. The company has a market capitalization of $593.44 million, a price-to-earnings ratio of 7.18 and a beta of -0.64.

Sunrun (NASDAQ:RUN) last posted its quarterly earnings data on Monday, August 7th. The energy company reported $0.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.03. The company had revenue of $137.85 million during the quarter, compared to analyst estimates of $143.35 million. Sunrun had a net margin of 17.65% and a return on equity of 8.76%. The company’s revenue was up 12.5% on a year-over-year basis. During the same quarter last year, the business posted $0.31 earnings per share. Equities research analysts anticipate that Sunrun will post $1.01 EPS for the current year.

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In related news, insider Steven Vassallo sold 33,576 shares of the firm’s stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $7.16, for a total value of $240,404.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Edward Harris Fenster sold 115,094 shares of the firm’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $6.82, for a total transaction of $784,941.08. Following the completion of the sale, the chairman now directly owns 2,371,439 shares of the company’s stock, valued at approximately $16,173,213.98. The disclosure for this sale can be found here. Company insiders own 24.13% of the company’s stock.

Several institutional investors have recently modified their holdings of the stock. FMR LLC boosted its stake in Sunrun by 0.8% in the second quarter. FMR LLC now owns 15,816,308 shares of the energy company’s stock valued at $112,612,000 after acquiring an additional 125,000 shares during the last quarter. Vanguard Group Inc. boosted its stake in Sunrun by 6.7% in the second quarter. Vanguard Group Inc. now owns 5,853,579 shares of the energy company’s stock valued at $41,677,000 after acquiring an additional 369,721 shares during the last quarter. Quentec Asset Management LLC boosted its stake in Sunrun by 1.6% in the second quarter. Quentec Asset Management LLC now owns 5,216,058 shares of the energy company’s stock valued at $37,139,000 after acquiring an additional 82,693 shares during the last quarter. State Street Corp boosted its stake in Sunrun by 22.7% in the second quarter. State Street Corp now owns 1,628,766 shares of the energy company’s stock valued at $11,596,000 after acquiring an additional 300,923 shares during the last quarter. Finally, Uniplan Investment Counsel Inc. boosted its stake in Sunrun by 4.1% in the first quarter. Uniplan Investment Counsel Inc. now owns 1,391,025 shares of the energy company’s stock valued at $7,511,000 after acquiring an additional 55,368 shares during the last quarter. 73.57% of the stock is owned by institutional investors and hedge funds.

Sunrun Company Profile

Sunrun Inc is engaged in the design, development, installation, sale, ownership and maintenance of residential solar energy systems (Projects) in the United States. The Company is engaged in providing solar energy services and products to its customers. As of December 31, 2016, it operated a fleet of residential solar energy systems in the United States, with approximately 134,000 customers across 16 states, as well as the District of Columbia.

Analyst Recommendations for Sunrun (NASDAQ:RUN)

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