Sunrun Inc. (NASDAQ:RUN) Given Average Recommendation of “Hold” by Analysts

Shares of Sunrun Inc. (NASDAQ:RUN) have been assigned a consensus rating of “Hold” from the twenty-two research firms that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $16.8128.

RUN has been the topic of a number of recent analyst reports. Roth Capital reissued a “buy” rating on shares of Sunrun in a research report on Thursday, July 9th. Wells Fargo & Company lowered their target price on shares of Sunrun from $22.00 to $17.00 and set an “overweight” rating on the stock in a research note on Friday, August 14th. The Goldman Sachs Group dropped their target price on shares of Sunrun from $18.00 to $15.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Weiss Ratings lowered shares of Sunrun from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, July 28th. Finally, Glj Research reaffirmed a “sell” rating and issued a $4.63 price target on shares of Sunrun in a research report on Monday, August 17th.

Sunrun Stock Performance

RUN opened at $8.89 on Tuesday. The company has a debt-to-equity ratio of 3.34, a quick ratio of 1.00 and a current ratio of 1.42. The company has a market cap of $2.14 billion, a PE ratio of 6.01 and a beta of 2.37. The stock has a 50-day moving average of $10.50 and a 200-day moving average of $12.61. Sunrun has a 52-week low of $8.22 and a 52-week high of $22.44.

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

Insider Activity

In other Sunrun news, CFO Danny Abajian sold 16,495 shares of the firm’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 value of $217,569.05. Following the sale, the chief financial officer owned 420,318 shares of the company’s stock, valued at $5,543,994.42. This trade represents a 3.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Lynn Jurich sold 50,000 shares of Sunrun stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $9.96, for a total value of $498,000.00. Following the completion of the transaction, the director directly owned 367,405 shares in the company, valued at approximately $3,659,353.80. This represents a 11.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 171,015 shares of company stock worth $2,111,653 over the last 90 days. Company insiders own 3.55% of the company’s stock.

Institutional Trading of Sunrun

A number of hedge funds have recently bought and sold shares of RUN. Hantz Financial Services Inc. increased its holdings in shares of Sunrun by 59.1% during the 4th quarter. Hantz Financial Services Inc. now owns 1,519 shares of the energy company’s stock worth $28,000 after purchasing an additional 564 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Sunrun by 3.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 17,481 shares of the energy company’s stock valued at $322,000 after buying an additional 565 shares during the period. UMB Bank n.a. lifted its stake in shares of Sunrun by 62.9% in the fourth quarter. UMB Bank n.a. now owns 1,732 shares of the energy company’s stock valued at $32,000 after buying an additional 669 shares during the period. Maryland State Retirement & Pension System grew its position in Sunrun by 2.1% during the fourth quarter. Maryland State Retirement & Pension System now owns 33,977 shares of the energy company’s stock worth $625,000 after buying an additional 686 shares in the last quarter. Finally, Cerity Partners LLC grew its position in Sunrun by 4.9% during the fourth quarter. Cerity Partners LLC now owns 15,737 shares of the energy company’s stock worth $290,000 after buying an additional 736 shares in the last quarter. 91.69% of the stock is owned by institutional investors.

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.