Sunrun Inc. (NASDAQ:RUN) Receives Average Rating of “Moderate Buy” from Analysts

Sunrun Inc. (NASDAQ:RUN) has earned a consensus recommendation of “Moderate Buy” from the twenty-four analysts that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $19.5809.

Several brokerages have commented on RUN. Weiss Ratings reiterated a “sell (d-)” rating on shares of Sunrun in a research note on Wednesday, October 8th. The Goldman Sachs Group upped their target price on shares of Sunrun from $19.00 to $21.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. Oppenheimer lifted their price target on shares of Sunrun from $21.00 to $23.00 and gave the stock an “outperform” rating in a research note on Thursday, October 9th. Wells Fargo & Company upped their price objective on shares of Sunrun from $14.00 to $21.00 and gave the company an “overweight” rating in a research note on Tuesday, November 11th. Finally, Morgan Stanley raised 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.

Sunrun Trading Up 3.5%

Shares of NASDAQ:RUN opened at $20.10 on Thursday. Sunrun has a 52 week low of $5.38 and a 52 week high of $22.44. The company’s 50 day moving average is $19.03 and its two-hundred day moving average is $15.20. The company has a market cap of $4.66 billion, a PE ratio of -1.80 and a beta of 2.35. The company has a current ratio of 1.46, a quick ratio of 1.06 and a debt-to-equity ratio of 3.67.

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

Insider Buying and Selling

In other news, insider Jeanna Steele sold 1,870 shares of the stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $17.80, for a total value of $33,286.00. Following the completion of the sale, the insider directly owned 359,919 shares of the company’s stock, valued at approximately $6,406,558.20. This represents a 0.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Mary Powell sold 2,890 shares of Sunrun stock in a transaction on Monday, December 8th. The shares were sold at an average price of $17.80, for a total transaction of $51,442.00. Following the completion of the transaction, the chief executive officer directly owned 873,700 shares in the company, valued at $15,551,860. The trade was a 0.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 445,536 shares of company stock valued at $8,579,156 in the last 90 days. Company insiders own 3.37% of the company’s stock.

Institutional Investors Weigh In On Sunrun

A number of institutional investors and hedge funds have recently made changes to their positions in RUN. PGGM Investments increased its holdings in Sunrun by 316.6% in the second quarter. PGGM Investments now owns 7,007,258 shares of the energy company’s stock valued at $57,319,000 after buying an additional 5,325,332 shares in the last quarter. FORA Capital LLC acquired a new stake in shares of Sunrun in the 1st quarter worth approximately $839,000. Greenleaf Trust acquired a new stake in shares of Sunrun in the 2nd quarter worth approximately $121,000. U S Wealth Group LLC. purchased a new position in Sunrun in the 1st quarter valued at approximately $84,000. Finally, American Century Companies Inc. raised its holdings in Sunrun by 14.9% during the first quarter. American Century Companies Inc. now owns 182,961 shares of the energy company’s stock worth $1,072,000 after purchasing an additional 23,772 shares during the last quarter. 91.69% of the stock is owned by hedge funds and other institutional investors.

About Sunrun

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.