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

Sunrun Inc. (NASDAQ:RUN) has received a consensus recommendation of “Moderate Buy” from the twenty-three analysts that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $18.4815.

Several equities research analysts have recently weighed in on the stock. Susquehanna dropped their target price on shares of Sunrun from $24.00 to $19.00 and set a “positive” rating for the company in a research report on Thursday, April 9th. UBS Group lowered their price objective on shares of Sunrun from $26.00 to $23.00 and set a “buy” rating for the company in a research report on Tuesday, March 10th. Citigroup lowered their price objective on shares of Sunrun from $26.00 to $20.00 and set a “buy” rating for the company in a research report on Tuesday, April 21st. The Goldman Sachs Group reaffirmed a “buy” rating and set a $18.00 price objective on shares of Sunrun in a research report on Thursday, May 7th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $17.00 price objective on shares of Sunrun in a research report on Friday, May 8th.

Sunrun Price Performance

RUN opened at $14.62 on Friday. The company has a 50-day moving average of $13.12 and a 200-day moving average of $16.48. The company has a market capitalization of $3.49 billion, a P/E ratio of 6.86 and a beta of 2.25. Sunrun has a 1-year low of $5.38 and a 1-year high of $22.44. The company has a debt-to-equity ratio of 3.44, a quick ratio of 1.09 and a current ratio of 1.45.

Sunrun (NASDAQ:RUN) last released its earnings results on Wednesday, May 6th. The energy company reported $0.62 earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.67. The company had revenue of $722.23 million during the quarter, compared to the consensus estimate of $688.50 million. Sunrun had a net margin of 17.88% and a return on equity of 14.06%. The company’s revenue was up 43.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.20 EPS. Equities analysts expect that Sunrun will post 1.09 EPS for the current fiscal year.

Insider Buying and Selling at Sunrun

In related news, CAO Maria Barak sold 8,039 shares of the business’s stock in a transaction dated Thursday, April 9th. The shares were sold at an average price of $13.67, for a total transaction of $109,893.13. Following the completion of the sale, the chief accounting officer owned 72,963 shares of the company’s stock, valued at $997,404.21. This represents a 9.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CRO Paul S. Dickson sold 127,673 shares of the business’s stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $13.25, for a total transaction of $1,691,667.25. Following the sale, the executive directly owned 707,126 shares of the company’s stock, valued at approximately $9,369,419.50. This represents a 15.29% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 716,050 shares of company stock worth $9,463,809. 3.55% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Salomon & Ludwin LLC boosted its stake in Sunrun by 49.2% during the 4th quarter. Salomon & Ludwin LLC now owns 1,693 shares of the energy company’s stock valued at $31,000 after purchasing an additional 558 shares during the period. Hantz Financial Services Inc. boosted its stake in Sunrun by 59.1% during the 4th quarter. Hantz Financial Services Inc. now owns 1,519 shares of the energy company’s stock valued at $28,000 after purchasing an additional 564 shares during the period. PNC Financial Services Group Inc. boosted its stake in Sunrun by 3.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 17,481 shares of the energy company’s stock valued at $322,000 after purchasing an additional 565 shares during the period. Sage Rhino Capital LLC boosted its stake in Sunrun by 5.2% during the 4th quarter. Sage Rhino Capital LLC now owns 11,468 shares of the energy company’s stock valued at $211,000 after purchasing an additional 572 shares during the period. Finally, Crestwood Advisors Group LLC boosted its stake in Sunrun by 1.9% during the 3rd quarter. Crestwood Advisors Group LLC now owns 35,158 shares of the energy company’s stock valued at $608,000 after purchasing an additional 644 shares during the period. 91.69% of the stock is owned by institutional investors and hedge funds.

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.