Sunrun Inc. (RUN) – What Are Analysts Saying About This Stock?

Sunrun Inc. (NASDAQ:RUN) has been assigned a consensus recommendation of “Moderate Buy” from the twenty research firms that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and eleven have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $13.04.

A number of research analysts recently commented on the company. Wells Fargo & Company dropped their price target on Sunrun from $17.00 to $14.00 and set an “overweight” rating for the company in a research note on Friday. Glj Research reiterated a “sell” rating and set a $4.63 price objective on shares of Sunrun in a research note on Monday, August 17th. Wall Street Zen downgraded shares of Sunrun from a “hold” rating to a “sell” rating in a research note on Saturday. Oppenheimer reissued an “outperform” rating on shares of Sunrun in a report on Thursday, November 5th. Finally, Barclays dropped their target price on shares of Sunrun from $14.00 to $12.00 and set an “equal weight” rating for the company in a research report on Friday, October 9th.

Sunrun Price Performance

NASDAQ RUN traded up $0.11 during midday trading on Friday, hitting $8.63. The company had a trading volume of 6,020,701 shares, compared to its average volume of 12,662,994. The firm has a 50-day moving average price of $8.15 and a 200-day moving average price of $11.99. The company has a market capitalization of $2.09 billion, a PE ratio of 4.36 and a beta of 2.35. The company has a current ratio of 1.52, a quick ratio of 1.05 and a debt-to-equity ratio of 3.22. Sunrun has a twelve month low of $6.78 and a twelve month high of $21.95.

Sunrun (NASDAQ:RUN) last released its earnings results on Wednesday, November 4th. The energy company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.40. Sunrun had a return on equity of 12.31% and a net margin of 14.01%. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $757.53 million. During the same period in the prior year, the firm posted $0.06 EPS. Sunrun’s quarterly revenue was up 51.7% on a year-over-year basis. As a group, analysts anticipate that Sunrun will post 1.76 earnings per share for the current fiscal year.

Insider Buying and Selling at Sunrun

In related news, CFO Danny Abajian sold 16,734 shares of Sunrun stock in a transaction that occurred on Tuesday, October 6th. The shares were sold at an average price of $7.76, for a total value of $129,855.84. Following the transaction, the chief financial officer directly owned 386,532 shares of the company’s stock, valued at $2,999,488.32. This trade represents a 4.15% decrease in their ownership of the stock. The sale was disclosed in a legal 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, CEO Mary Powell sold 24,335 shares of Sunrun stock in a transaction that occurred on Tuesday, October 6th. The shares were sold at an average price of $7.76, for a total transaction of $188,839.60. Following the completion of the transaction, the chief executive officer directly owned 1,087,200 shares in the company, valued at $8,436,672. This trade represents a 2.19% 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. Insiders have sold a total of 71,975 shares of company stock worth $563,721 in the last three months. Company insiders own 3.55% of the company’s stock.

Hedge Funds Weigh In On Sunrun

A number of institutional investors have recently modified their holdings of the business. Entropy Technologies LP acquired a new stake in Sunrun in the third quarter valued at about $1,539,000. Pathstone Holdings LLC raised its stake in Sunrun by 21.6% during the third quarter. Pathstone Holdings LLC now owns 50,650 shares of the energy company’s stock worth $421,000 after acquiring an additional 9,008 shares in the last quarter. Steward Partners Investment Advisory LLC raised its stake in Sunrun by 2,116.3% during the third quarter. Steward Partners Investment Advisory LLC now owns 6,250 shares of the energy company’s stock worth $49,000 after acquiring an additional 5,968 shares in the last quarter. Hartree Partners LP bought a new position in shares of Sunrun in the third quarter worth about $272,000. Finally, Bleakley Financial Group LLC lifted its holdings in shares of Sunrun by 40.3% in the third quarter. Bleakley Financial Group LLC now owns 45,712 shares of the energy company’s stock worth $355,000 after acquiring an additional 13,139 shares during the last quarter. Institutional investors and hedge funds own 91.69% of the company’s stock.

About Sunrun

Sunrun Inc. provides residential solar energy systems and battery storage in the United States. Its offerings include system design and installation, energy storage, and ongoing monitoring and maintenance for homeowners. Customers can purchase systems or use arrangements such as leases and power purchase agreements, which allow them to use solar-generated electricity without buying the equipment outright. Sunrun also offers battery storage that can provide backup power and support the use of solar energy when panels are not generating electricity.