Sunrun (NASDAQ:RUN) Cut to Sell at Wall Street Zen

Wall Street Zen cut shares of Sunrun (NASDAQ:RUN) from a hold rating to a sell rating in a research report report published on Saturday.

Other equities research analysts have also recently issued reports about the company. Raymond James Financial initiated coverage on Sunrun in a research note on Monday, January 12th. They issued a “market perform” rating on the stock. Glj Research reiterated a “sell” rating and issued a $4.63 target price on shares of Sunrun in a research note on Thursday, April 16th. Citigroup cut their price objective on shares of Sunrun from $26.00 to $20.00 and set a “buy” rating on the stock in a research note on Tuesday, April 21st. Zacks Research cut shares of Sunrun from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 27th. Finally, Oppenheimer lifted their price objective on shares of Sunrun from $23.00 to $25.00 and gave the company an “outperform” rating in a research note on Friday, February 27th. Twelve equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $18.63.

Sunrun Stock Performance

RUN stock opened at $13.03 on Friday. The company has a debt-to-equity ratio of 3.38, a quick ratio of 1.27 and a current ratio of 1.66. The stock has a market capitalization of $3.07 billion, a price-to-earnings ratio of 7.62 and a beta of 2.37. Sunrun has a 1 year low of $5.38 and a 1 year high of $22.44. The stock’s fifty day moving average is $13.82 and its two-hundred day moving average is $17.24.

Sunrun (NASDAQ:RUN) last posted its earnings results on Thursday, February 26th. The energy company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.46. The company had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $610.29 million. Sunrun had a return on equity of 11.72% and a net margin of 15.22%.The firm’s quarterly revenue was up 123.5% compared to the same quarter last year. During the same period last year, the business posted $1.41 earnings per share. On average, research analysts predict that Sunrun will post 0.47 EPS for the current year.

Insider Buying and Selling at Sunrun

In related news, CAO Maria Barak sold 8,039 shares of Sunrun stock in a transaction dated Thursday, April 9th. The shares were sold at an average price of $13.67, for a total transaction of $109,893.13. Following the sale, the chief accounting officer directly owned 72,963 shares in the company, valued at $997,404.21. The trade was a 9.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CRO Paul S. Dickson sold 127,673 shares of Sunrun stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $13.25, for a total transaction of $1,691,667.25. Following the sale, the executive owned 707,126 shares in the company, valued at approximately $9,369,419.50. This represents a 15.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 879,894 shares of company stock valued at $13,017,496. 3.37% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Sunrun

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Leonteq Securities AG raised its position in Sunrun by 26.8% in the first quarter. Leonteq Securities AG now owns 6,281 shares of the energy company’s stock worth $85,000 after acquiring an additional 1,327 shares in the last quarter. Pictet Asset Management Holding SA raised its position in Sunrun by 6.0% in the first quarter. Pictet Asset Management Holding SA now owns 37,646 shares of the energy company’s stock worth $510,000 after acquiring an additional 2,137 shares in the last quarter. Louisiana State Employees Retirement System bought a new stake in Sunrun in the first quarter worth about $1,395,000. U S Wealth Group LLC. raised its position in Sunrun by 23.6% in the fourth quarter. U S Wealth Group LLC. now owns 63,736 shares of the energy company’s stock worth $1,173,000 after acquiring an additional 12,157 shares in the last quarter. Finally, Hsbc Holdings PLC raised its position in Sunrun by 19.1% in the fourth quarter. Hsbc Holdings PLC now owns 86,497 shares of the energy company’s stock worth $1,593,000 after acquiring an additional 13,860 shares in the last quarter. 91.69% of the stock is currently owned by institutional investors.

About Sunrun

Sunrun, Inc (NASDAQ: RUN) is a leading provider of residential solar energy systems in the United States. The company designs, installs and maintains rooftop solar panels and battery storage solutions for homeowners under flexible financing arrangements. Customers can choose from leasing, power purchase agreements or solar ownership models, all of which are supported by Sunrun’s network of installation partners and service technicians. Sunrun also offers integrated home energy management services, including its Brightbox battery storage product, which enables customers to store solar energy for use during peak hours or power outages.

Founded in 2007 by Lynn Jurich, Ed Fenster and Nat Kreamer, Sunrun is headquartered in San Francisco, California.