Sunrun’s (RUN) Sell Rating Reaffirmed at Glj Research

Glj Research reaffirmed their sell rating on shares of Sunrun (NASDAQ:RUN) in a research report released on Friday morning,Benzinga reports. They currently have a $4.63 target price on the energy company’s stock.

Several other equities research analysts also recently issued reports on the stock. Susquehanna cut their price objective on shares of Sunrun from $19.00 to $18.00 and set a “positive” rating for the company in a research report on Friday. Jefferies Financial Group lowered their target price on Sunrun from $22.00 to $15.00 and set a “hold” rating on the stock in a research note on Tuesday, April 7th. Zacks Research cut Sunrun from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 2nd. UBS Group reduced their price target on Sunrun from $23.00 to $20.00 and set a “buy” rating for the company in a research note on Tuesday, June 16th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $18.00 price objective on shares of Sunrun in a report on Thursday, May 7th. Twelve equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $18.81.

Sunrun Price Performance

NASDAQ:RUN opened at $12.47 on Friday. The company has a market cap of $2.97 billion, a P/E ratio of 5.85 and a beta of 2.32. The firm’s fifty day moving average price is $13.66 and its two-hundred day moving average price is $15.26. Sunrun has a one year low of $9.01 and a one year high of $22.44. The company has a debt-to-equity ratio of 3.44, a current ratio of 1.45 and a quick ratio of 1.09.

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

Insider Buying and Selling at Sunrun

In other news, CRO Paul S. Dickson sold 15,613 shares of Sunrun stock in a transaction on Monday, July 6th. The stock was sold at an average price of $13.18, for a total value of $205,779.34. Following the transaction, the executive owned 839,539 shares in the company, valued at approximately $11,065,124.02. This trade represents a 1.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Jeanna Steele sold 9,897 shares of the business’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of $13.19, for a total value of $130,541.43. Following the transaction, the insider directly owned 461,715 shares of the company’s stock, valued at $6,090,020.85. This trade represents a 2.10% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 223,045 shares of company stock valued at $3,081,335. 3.55% of the stock is currently owned by insiders.

Institutional Trading of Sunrun

Large investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its stake in Sunrun by 2.6% during the first quarter. Dimensional Fund Advisors LP now owns 6,519,053 shares of the energy company’s stock worth $88,375,000 after acquiring an additional 165,196 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Sunrun by 26.6% in the 4th quarter. Invesco Ltd. now owns 5,868,199 shares of the energy company’s stock valued at $107,975,000 after purchasing an additional 1,231,628 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Sunrun by 3.8% during the 4th quarter. Geode Capital Management LLC now owns 5,663,239 shares of the energy company’s stock valued at $104,220,000 after purchasing an additional 205,627 shares during the last quarter. Contour Asset Management LLC bought a new stake in shares of Sunrun during the 4th quarter valued at approximately $98,010,000. Finally, Voloridge Investment Management LLC increased its position in Sunrun by 47.3% during the 4th quarter. Voloridge Investment Management LLC now owns 3,425,297 shares of the energy company’s stock worth $63,025,000 after purchasing an additional 1,100,666 shares in the last quarter. 91.69% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Sunrun

Here are the key news stories impacting Sunrun this week:

• Positive Sentiment: Sunrun launched a distributed AI data center pilot that could let homeowners’ solar and battery systems support edge computing, creating a new business line beyond its core residential solar model. Article Title
• Positive Sentiment: Trading activity showed unusually heavy call option buying, suggesting some investors are betting the AI-related announcement could drive more upside in RUN. Article Title
• Positive Sentiment: Susquehanna trimmed its price target to $18 from $19 but kept a positive rating, which still implies meaningful upside from current levels. Article Title
• Neutral Sentiment: Media coverage around the AI data-center pilot has kept Sunrun in the spotlight, but some reports noted the news has not yet translated into a full stock re-rating. Article Title
• Negative Sentiment: Chief accounting officer Maria Barak sold 3,278 shares in a pre-arranged 10b5-1 transaction, adding to recent insider selling that may weigh on sentiment. Article Title
• Negative Sentiment: Glj Research reaffirmed a sell rating and set a $4.63 target, a sharply bearish call that signals substantial downside risk in the eyes of that firm. Article Title

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.