Sunrun (RUN) Stock Rating Lowered by ValuEngine

Sunrun (NASDAQ:RUN) was downgraded by research analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Friday.

A number of other brokerages have also weighed in on RUN. Zacks Investment Research lowered Sunrun from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. Bank of America assumed coverage on Sunrun in a report on Monday, November 6th. They issued a “buy” rating for the company. Deutsche Bank set a $10.00 price objective on Sunrun and gave the company a “buy” rating in a report on Monday, January 22nd. Oppenheimer reissued a “buy” rating and issued a $10.00 price objective on shares of Sunrun in a report on Thursday, November 9th. Finally, BidaskClub raised Sunrun from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $8.21.

Sunrun (NASDAQ RUN) traded down $0.25 during midday trading on Friday, hitting $5.82. The stock had a trading volume of 1,816,905 shares, compared to its average volume of 1,158,901. The company has a market cap of $624.46, a PE ratio of 6.69, a price-to-earnings-growth ratio of 0.15 and a beta of -0.48. Sunrun has a 12 month low of $4.21 and a 12 month high of $7.78. The company has a quick ratio of 0.60, a current ratio of 0.72 and a debt-to-equity ratio of 0.89.

Sunrun (NASDAQ:RUN) last released its earnings results on Wednesday, November 8th. The energy company reported $0.25 EPS for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.11. Sunrun had a return on equity of 9.25% and a net margin of 18.79%. The company had revenue of $141.29 million for the quarter, compared to analysts’ expectations of $146.56 million. During the same period in the previous year, the business posted $0.16 EPS. The business’s revenue for the quarter was up 26.1% compared to the same quarter last year. equities research analysts forecast that Sunrun will post 0.95 earnings per share for the current fiscal year.

Institutional investors have recently made changes to their positions in the business. Legal & General Group Plc raised its stake in shares of Sunrun by 16.3% in the second 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 in the last quarter. Dynamic Technology Lab Private Ltd grew its holdings in shares of Sunrun by 30.0% during the second quarter. Dynamic Technology Lab Private Ltd now owns 22,241 shares of the energy company’s stock worth $159,000 after buying an additional 5,134 shares during the last quarter. Voya Investment Management LLC grew its holdings in shares of Sunrun by 28.9% during the second quarter. Voya Investment Management LLC now owns 37,399 shares of the energy company’s stock worth $266,000 after buying an additional 8,391 shares during the last quarter. New York State Common Retirement Fund grew its holdings in shares of Sunrun by 17.0% during the second quarter. New York State Common Retirement Fund now owns 76,300 shares of the energy company’s stock worth $543,000 after buying an additional 11,099 shares during the last quarter. Finally, Nationwide Fund Advisors grew its holdings in shares of Sunrun by 32.0% during the second quarter. Nationwide Fund Advisors now owns 48,281 shares of the energy company’s stock worth $344,000 after buying an additional 11,696 shares during the last quarter. 77.75% of the stock is owned by institutional investors and hedge funds.

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Sunrun Company Profile

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.

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