Analysts Set Sunrun Inc. (NASDAQ:RUN) Price Target at $19.70

Shares of Sunrun Inc. (NASDAQ:RUN) have earned an average rating of “Moderate Buy” from the twenty-three research firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and thirteen have issued a buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $19.7514.

Several research analysts have recently commented on RUN shares. Morgan Stanley boosted their price target on Sunrun from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 2nd. BMO Capital Markets set a $19.00 price objective on Sunrun and gave the company a “market perform” rating in a research report on Wednesday, October 15th. Susquehanna boosted their target price on shares of Sunrun from $13.00 to $23.00 and gave the stock a “positive” rating in a report on Monday, October 13th. JPMorgan Chase & Co. increased their price target on shares of Sunrun from $23.00 to $25.00 and gave the company an “overweight” rating in a research report on Thursday, October 16th. Finally, TD Cowen raised their price target on shares of Sunrun from $22.00 to $23.00 and gave the company a “buy” rating in a report on Friday, November 7th.

Sunrun Price Performance

Shares of RUN opened at $17.82 on Monday. The company has a debt-to-equity ratio of 3.67, a quick ratio of 1.06 and a current ratio of 1.46. The company has a 50 day moving average price of $18.52 and a 200-day moving average price of $16.67. Sunrun has a fifty-two week low of $5.38 and a fifty-two week high of $22.44. The stock has a market capitalization of $4.13 billion, a PE ratio of -1.59 and a beta of 2.35.

Sunrun (NASDAQ:RUN) last issued its quarterly earnings data on Thursday, November 6th. The energy company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.05. The company had revenue of $724.56 million during the quarter, compared to the consensus estimate of $601.15 million. Sunrun had a negative net margin of 106.50% and a positive return on equity of 19.34%. Sunrun’s revenue for the quarter was up 34.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.37) earnings per share. Equities analysts predict that Sunrun will post -0.43 earnings per share for the current fiscal year.

Insider Activity at Sunrun

In other Sunrun news, CAO Maria Barak sold 1,630 shares of the firm’s stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $18.55, for a total value of $30,236.50. Following the completion of the sale, the chief accounting officer directly owned 85,643 shares in the company, valued at $1,588,677.65. This trade represents a 1.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeanna Steele sold 4,430 shares of the company’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $17.80, for a total value of $78,854.00. Following the transaction, the insider directly owned 355,489 shares in the company, valued at approximately $6,327,704.20. The trade was a 1.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 354,956 shares of company stock valued at $6,725,832 over the last three months. Company insiders own 3.37% of the company’s stock.

Institutional Investors Weigh In On Sunrun

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC grew its stake in shares of Sunrun by 3.5% during the third quarter. GAMMA Investing LLC now owns 17,971 shares of the energy company’s stock worth $311,000 after acquiring an additional 607 shares during the last quarter. Crestwood Advisors Group LLC boosted its stake in Sunrun by 1.9% in the 3rd quarter. Crestwood Advisors Group LLC now owns 35,158 shares of the energy company’s stock worth $608,000 after purchasing an additional 644 shares in the last quarter. Harvest Portfolios Group Inc. grew its position in Sunrun by 2.7% during the 3rd quarter. Harvest Portfolios Group Inc. now owns 30,771 shares of the energy company’s stock worth $532,000 after purchasing an additional 800 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in Sunrun by 5.4% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 18,809 shares of the energy company’s stock valued at $325,000 after purchasing an additional 967 shares in the last quarter. Finally, First Pacific Financial raised its holdings in shares of Sunrun by 72.4% in the fourth quarter. First Pacific Financial now owns 2,381 shares of the energy company’s stock worth $44,000 after buying an additional 1,000 shares during the last quarter. 91.69% of the stock is currently owned by hedge funds and other 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.