Sunrun (NASDAQ:RUN) Downgraded by BNP Paribas Exane to Neutral

BNP Paribas Exane lowered shares of Sunrun (NASDAQ:RUN) from an outperform rating to a neutral rating in a research report released on Thursday, Marketbeat.com reports. They currently have $10.00 price target on the energy company’s stock.

A number of other equities research analysts have also weighed in on the company. UBS Group reaffirmed a “buy” rating and issued a $17.00 price objective on shares of Sunrun in a report on Wednesday, May 14th. Morgan Stanley reiterated an “equal weight” rating and set a $11.00 price target on shares of Sunrun in a research report on Wednesday, April 23rd. Roth Capital set a $20.00 price target on shares of Sunrun in a research report on Friday, February 28th. Barclays reduced their price target on shares of Sunrun from $18.00 to $15.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 28th. Finally, BMO Capital Markets reduced their price target on shares of Sunrun from $11.00 to $9.00 and set a “market perform” rating for the company in a research report on Monday, March 3rd. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $14.47.

Sunrun Price Performance

Shares of RUN opened at $6.88 on Thursday. Sunrun has a twelve month low of $5.45 and a twelve month high of $22.26. The stock’s 50 day moving average is $7.57 and its two-hundred day moving average is $8.75. The firm has a market capitalization of $1.57 billion, a PE ratio of -3.78 and a beta of 2.66. The company has a current ratio of 1.47, a quick ratio of 1.15 and a debt-to-equity ratio of 1.92.

Sunrun (NASDAQ:RUN) last announced its quarterly earnings data on Wednesday, May 7th. The energy company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.42. Sunrun had a negative return on equity of 5.15% and a negative net margin of 18.80%. The company had revenue of $504.27 million for the quarter, compared to analyst estimates of $487.29 million. During the same quarter in the previous year, the company earned ($0.40) EPS. The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year. Research analysts anticipate that Sunrun will post -0.43 earnings per share for the current year.

Insider Buying and Selling

In other Sunrun news, CFO Danny Abajian sold 16,927 shares of the business’s stock in a transaction on Monday, April 7th. The stock was sold at an average price of $6.74, for a total value of $114,087.98. Following the completion of the transaction, the chief financial officer now directly owns 231,279 shares in the company, valued at approximately $1,558,820.46. The trade was a 6.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Mary Powell sold 31,197 shares of the business’s stock in a transaction on Monday, April 7th. The shares were sold at an average price of $6.74, for a total value of $210,267.78. Following the completion of the transaction, the chief executive officer now owns 534,615 shares of the company’s stock, valued at $3,603,305.10. This trade represents a 5.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 88,540 shares of company stock worth $595,944 in the last ninety days. Insiders own 3.37% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of RUN. Alyeska Investment Group L.P. raised its holdings in Sunrun by 593.9% in the 4th quarter. Alyeska Investment Group L.P. now owns 12,028,454 shares of the energy company’s stock valued at $111,263,000 after acquiring an additional 10,294,947 shares during the last quarter. Greenvale Capital LLP raised its holdings in Sunrun by 50.3% in the 4th quarter. Greenvale Capital LLP now owns 13,500,000 shares of the energy company’s stock valued at $124,875,000 after acquiring an additional 4,516,793 shares during the last quarter. Sylebra Capital LLC raised its holdings in Sunrun by 124.0% in the 4th quarter. Sylebra Capital LLC now owns 6,683,162 shares of the energy company’s stock valued at $61,819,000 after acquiring an additional 3,699,405 shares during the last quarter. Norges Bank acquired a new position in Sunrun in the 4th quarter valued at $31,022,000. Finally, Clal Insurance Enterprises Holdings Ltd purchased a new stake in shares of Sunrun during the 4th quarter valued at $18,500,000. 91.69% of the stock is currently owned by institutional investors and hedge funds.

Sunrun Company Profile

Sunrun Inc designs, develops, installs, sells, owns, and maintains residential solar energy systems in the United States. It also sells solar energy systems and products, such as panels and racking; and solar leads generated to customers. In addition, the company offers battery storage along with solar energy systems; and sells services to commercial developers through multi-family and new homes.