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

Shares of Sunrun Inc. (NASDAQ:RUN) have received an average recommendation of “Moderate Buy” from the twenty-five research firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $19.7038.

Several research firms have issued reports on RUN. Jefferies Financial Group upgraded shares of Sunrun from a “hold” rating to a “buy” rating and upped their price objective for the company from $11.00 to $21.00 in a research note on Wednesday, October 1st. Citigroup raised Sunrun from a “neutral” rating to a “buy” rating and upped their target price for the company from $11.00 to $26.00 in a research report on Tuesday, October 21st. The Goldman Sachs Group raised their price target on Sunrun from $19.00 to $21.00 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Sunrun in a research note on Wednesday, October 8th. Finally, TD Cowen increased their price objective on Sunrun from $22.00 to $23.00 and gave the company a “buy” rating in a report on Friday, November 7th.

Insider Activity

In other Sunrun news, CRO Paul S. Dickson sold 6,119 shares of the firm’s stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $17.80, for a total transaction of $108,918.20. Following the transaction, the executive directly owned 639,110 shares of the company’s stock, valued at approximately $11,376,158. This trade represents a 0.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jeanna Steele sold 4,430 shares of the company’s stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $17.80, for a total transaction of $78,854.00. Following the completion of the sale, the insider directly owned 355,489 shares of the company’s stock, valued at $6,327,704.20. The trade was a 1.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 354,956 shares of company stock worth $6,725,832 over the last 90 days. 3.37% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of RUN. PGGM Investments raised its stake in shares of Sunrun by 316.6% during the second quarter. PGGM Investments now owns 7,007,258 shares of the energy company’s stock worth $57,319,000 after purchasing an additional 5,325,332 shares during the last quarter. Greenleaf Trust purchased a new position in Sunrun in the 2nd quarter valued at $121,000. Nisa Investment Advisors LLC increased its stake in Sunrun by 7,260.9% in the 2nd quarter. Nisa Investment Advisors LLC now owns 122,118 shares of the energy company’s stock valued at $999,000 after buying an additional 120,459 shares during the period. Range Financial Group LLC purchased a new position in Sunrun during the 3rd quarter worth $1,403,000. Finally, Duff & Phelps Investment Management Co. raised its position in Sunrun by 47.3% during the 2nd quarter. Duff & Phelps Investment Management Co. now owns 51,807 shares of the energy company’s stock worth $424,000 after buying an additional 16,643 shares during the last quarter. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

Sunrun Stock Down 0.2%

RUN stock opened at $18.23 on Monday. The stock has a market cap of $4.23 billion, a P/E ratio of -1.63 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 has a twelve month low of $5.38 and a twelve month high of $22.44. The company’s 50 day moving average is $18.62 and its two-hundred day moving average is $16.56.

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