Sunrun (NASDAQ:RUN) Reaches New 12-Month Low – Should You Sell?

Sunrun Inc. (NASDAQ:RUN)’s share price hit a new 52-week low on Monday . The company traded as low as $8.58 and last traded at $8.6160, with a volume of 794685 shares. The stock had previously closed at $8.78.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on RUN. Wall Street Zen upgraded shares of Sunrun from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. UBS Group cut their target price on shares of Sunrun from $23.00 to $20.00 and set a “buy” rating for the company in a research report on Tuesday, June 16th. Citigroup lowered their price target on Sunrun from $20.00 to $16.00 and set a “buy” rating on the stock in a research report on Friday, August 7th. Oppenheimer reissued an “outperform” rating and set a $20.00 price objective on shares of Sunrun in a research report on Thursday, August 6th. Finally, Roth Capital restated a “buy” rating on shares of Sunrun in a research note on Thursday, July 9th. Twelve equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $16.81.

Sunrun Trading Down 1.8%

The company has a current ratio of 1.42, a quick ratio of 1.00 and a debt-to-equity ratio of 3.34. The stock has a market capitalization of $2.08 billion, a P/E ratio of 5.82 and a beta of 2.36. The business’s fifty day simple moving average is $11.08 and its two-hundred day simple moving average is $13.05.

Sunrun (NASDAQ:RUN) last posted its quarterly earnings data on Wednesday, August 5th. The energy company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.19. Sunrun had a net margin of 11.59% and a return on equity of 9.59%. The company had revenue of $869.99 million for the quarter, compared to the consensus estimate of $746.87 million. During the same quarter in the previous year, the firm posted $1.07 EPS. The business’s revenue was up 52.8% compared to the same quarter last year. As a group, analysts forecast that Sunrun Inc. will post 1.18 earnings per share for the current year.

Insider Transactions at Sunrun

In other news, CEO Mary Powell sold 23,985 shares of the business’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $13.19, for a total transaction of $316,362.15. Following the sale, the chief executive officer directly owned 1,111,535 shares in the company, valued at approximately $14,661,146.65. The trade was a 2.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Danny Abajian sold 16,495 shares of the company’s stock in a transaction on Monday, July 6th. The shares were sold at an average price of $13.19, for a total value of $217,569.05. Following the completion of the transaction, the chief financial officer owned 420,318 shares of the company’s stock, valued at $5,543,994.42. The trade was a 3.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 173,045 shares of company stock worth $2,138,835. 3.55% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Sunrun

Several institutional investors and hedge funds have recently bought and sold shares of RUN. Contour Asset Management LLC acquired a new position in Sunrun during the fourth quarter worth $98,010,000. California State Teachers Retirement System boosted its stake in shares of Sunrun by 1,275.2% in the 2nd quarter. California State Teachers Retirement System now owns 3,674,041 shares of the energy company’s stock valued at $49,159,000 after purchasing an additional 3,406,879 shares in the last quarter. Norges Bank bought a new stake in shares of Sunrun in the 4th quarter worth about $62,169,000. Voloridge Investment Management LLC acquired a new stake in shares of Sunrun during the 3rd quarter worth about $40,193,000. Finally, Bank of America Corp DE acquired a new stake in shares of Sunrun during the 2nd quarter worth about $29,953,000. Institutional investors own 91.69% of the company’s stock.

Sunrun Company Profile

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.