Sunrun Inc. (NASDAQ:RUN) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Sunrun Inc. (NASDAQ:RUN) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-four brokerages that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation, fourteen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $19.5809.

RUN has been the topic of several research reports. Citigroup upgraded Sunrun from a “neutral” rating to a “buy” rating and boosted their price target for the company from $11.00 to $26.00 in a research note on Tuesday, October 21st. Morgan Stanley lifted their price objective on Sunrun from $20.00 to $21.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 2nd. Wells Fargo & Company boosted their price objective on Sunrun from $14.00 to $21.00 and gave the company an “overweight” rating in a research report on Tuesday, November 11th. TD Cowen upped their target price on Sunrun from $22.00 to $23.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Finally, Jefferies Financial Group upgraded shares of Sunrun from a “hold” rating to a “buy” rating and lifted their price target for the stock from $11.00 to $21.00 in a research note on Wednesday, October 1st.

Insider Buying and Selling

In other news, insider Jeanna Steele sold 21,037 shares of the firm’s stock in a transaction dated Thursday, October 9th. The shares were sold at an average price of $20.25, for a total transaction of $425,999.25. Following the completion of the transaction, the insider directly owned 366,264 shares of the company’s stock, valued at approximately $7,416,846. This trade represents a 5.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Edward Harris Fenster sold 133,256 shares of Sunrun stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $18.11, for a total transaction of $2,413,266.16. Following the sale, the director owned 1,474,926 shares in the company, valued at approximately $26,710,909.86. This trade represents a 8.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 445,536 shares of company stock worth $8,579,156. Insiders own 3.37% of the company’s stock.

Institutional Trading of Sunrun

Several institutional investors have recently bought and sold shares of RUN. GAMMA Investing LLC grew its holdings in Sunrun by 3.5% during the 3rd quarter. GAMMA Investing LLC now owns 17,971 shares of the energy company’s stock worth $311,000 after acquiring an additional 607 shares during the last quarter. Crestwood Advisors Group LLC raised its stake in shares of Sunrun by 1.9% in the third quarter. Crestwood Advisors Group LLC now owns 35,158 shares of the energy company’s stock worth $608,000 after acquiring an additional 644 shares during the last quarter. Harvest Portfolios Group Inc. lifted its position in shares of Sunrun by 2.7% during the third quarter. Harvest Portfolios Group Inc. now owns 30,771 shares of the energy company’s stock worth $532,000 after purchasing an additional 800 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in shares of Sunrun by 5.4% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 18,809 shares of the energy company’s stock valued at $325,000 after purchasing an additional 967 shares during the last quarter. Finally, Osaic Holdings Inc. grew its stake in shares of Sunrun by 6.3% during the second quarter. Osaic Holdings Inc. now owns 22,386 shares of the energy company’s stock valued at $183,000 after purchasing an additional 1,332 shares during the last quarter. Institutional investors and hedge funds own 91.69% of the company’s stock.

Sunrun Price Performance

Shares of Sunrun stock opened at $20.10 on Thursday. The company has a debt-to-equity ratio of 3.67, a current ratio of 1.46 and a quick ratio of 1.06. The company has a market cap of $4.66 billion, a PE ratio of -1.80 and a beta of 2.35. The firm has a fifty day moving average price of $19.03 and a two-hundred day moving average price of $15.20. Sunrun has a fifty-two week low of $5.38 and a fifty-two week high of $22.44.

Sunrun (NASDAQ:RUN) last posted its quarterly earnings data on Thursday, November 6th. The energy company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.05. The company had revenue of $724.56 million for the quarter, compared to the consensus estimate of $601.15 million. Sunrun had a negative net margin of 106.50% and a positive return on equity of 19.34%. The business’s revenue was up 34.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.37) EPS. Analysts expect that Sunrun will post -0.43 EPS for the current year.

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.