Sunrun Inc. (NASDAQ:RUN) has been given an average rating of “Buy” by the eleven research firms that are covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $9.15.

RUN has been the topic of several research analyst reports. ValuEngine lowered Sunrun from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. BidaskClub lowered Sunrun from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Zacks Investment Research raised Sunrun from a “hold” rating to a “buy” rating and set a $6.25 target price on the stock in a research note on Friday, October 13th. Barclays PLC upped their target price on Sunrun from $6.00 to $8.00 and gave the company an “overweight” rating in a research note on Tuesday, August 8th. Finally, Bank of America Corporation reaffirmed a “neutral” rating and issued a $8.00 target price (up previously from $7.75) on shares of Sunrun in a research note on Thursday, August 10th.

In other Sunrun news, insider Steven Vassallo sold 33,576 shares of the business’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $7.16, for a total value of $240,404.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Edward Harris Fenster sold 115,094 shares of the business’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $6.82, for a total value of $784,941.08. Following the completion of the transaction, the chairman now owns 2,371,439 shares of the company’s stock, valued at $16,173,213.98. The disclosure for this sale can be found here. 24.13% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. California Public Employees Retirement System raised its holdings in Sunrun by 4.8% in the 1st quarter. California Public Employees Retirement System now owns 44,000 shares of the energy company’s stock valued at $238,000 after acquiring an additional 2,000 shares during the last quarter. American International Group Inc. raised its holdings in Sunrun by 7.1% in the 1st quarter. American International Group Inc. now owns 38,950 shares of the energy company’s stock valued at $210,000 after acquiring an additional 2,579 shares during the last quarter. Legal & General Group Plc raised its holdings in Sunrun by 16.3% in the 2nd quarter. Legal & General Group Plc now owns 19,795 shares of the energy company’s stock valued at $141,000 after acquiring an additional 2,768 shares during the last quarter. Oppenheimer & Co. Inc. raised its holdings in Sunrun by 15.0% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 34,093 shares of the energy company’s stock valued at $243,000 after acquiring an additional 4,443 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY raised its holdings in Sunrun by 10.4% in the 1st quarter. Metropolitan Life Insurance Co. NY now owns 49,342 shares of the energy company’s stock valued at $266,000 after acquiring an additional 4,634 shares during the last quarter. Institutional investors own 74.33% of the company’s stock.

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Sunrun (NASDAQ:RUN) last announced its quarterly earnings results on Monday, August 7th. The energy company reported $0.23 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.03. The business had revenue of $137.85 million for the quarter, compared to analyst estimates of $143.35 million. Sunrun had a return on equity of 8.76% and a net margin of 17.65%. The company’s quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.31 EPS.

About Sunrun

Sunrun Inc is engaged in the design, development, installation, sale, ownership and maintenance of residential solar energy systems (Projects) in the United States. The Company is engaged in providing solar energy services and products to its customers. As of December 31, 2016, it operated a fleet of residential solar energy systems in the United States, with approximately 134,000 customers across 16 states, as well as the District of Columbia.

Analyst Recommendations for Sunrun (NASDAQ:RUN)

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