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

Sunrun Inc. (NASDAQ:RUN) has been given an average rating of “Hold” by the twenty-two brokerages that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $18.8128.

RUN has been the topic of several recent research reports. Jefferies Financial Group lowered their price objective on Sunrun from $22.00 to $15.00 and set a “hold” rating on the stock in a research report on Tuesday, April 7th. Zacks Research cut shares of Sunrun from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 2nd. UBS Group decreased their target price on shares of Sunrun from $23.00 to $20.00 and set a “buy” rating for the company in a research note on Tuesday, June 16th. JPMorgan Chase & Co. dropped their price target on shares of Sunrun from $25.00 to $22.00 and set an “overweight” rating on the stock in a research report on Thursday, April 16th. Finally, Barclays decreased their price objective on shares of Sunrun from $23.00 to $14.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 21st.

Sunrun Stock Performance

Shares of RUN stock opened at $12.47 on Monday. Sunrun has a 52-week low of $9.01 and a 52-week high of $22.44. The company has a quick ratio of 1.09, a current ratio of 1.45 and a debt-to-equity ratio of 3.44. The stock has a market cap of $2.97 billion, a PE ratio of 5.85 and a beta of 2.32. The business has a 50-day simple moving average of $13.66 and a 200-day simple moving average of $15.22.

Sunrun (NASDAQ:RUN) last posted its earnings results on Wednesday, May 6th. The energy company reported $0.62 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.67. The firm had revenue of $722.23 million for the quarter, compared to analyst estimates of $688.50 million. Sunrun had a return on equity of 14.06% and a net margin of 17.88%.Sunrun’s revenue for the quarter was up 43.2% compared to the same quarter last year. During the same period last year, the company earned $0.20 earnings per share. On average, equities analysts expect that Sunrun will post 1.01 EPS for the current year.

Insider Transactions at Sunrun

In related news, CEO Mary Powell sold 23,985 shares of Sunrun stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $13.19, for a total value of $316,362.15. Following the completion of the transaction, the chief executive officer owned 1,111,535 shares in the company, valued at $14,661,146.65. The trade was a 2.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CRO Paul S. Dickson sold 15,613 shares of the company’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $13.18, for a total value of $205,779.34. Following the completion of the transaction, the executive directly owned 839,539 shares of the company’s stock, valued at $11,065,124.02. The trade was a 1.83% 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. Insiders have sold 223,045 shares of company stock worth $3,081,335 over the last quarter. Company insiders own 3.55% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in RUN. Handelsbanken Fonder AB raised its position in Sunrun by 6.7% during the fourth quarter. Handelsbanken Fonder AB now owns 2,314,802 shares of the energy company’s stock worth $42,592,000 after acquiring an additional 145,285 shares during the period. Intech Investment Management LLC grew its position in shares of Sunrun by 33.1% in the fourth quarter. Intech Investment Management LLC now owns 324,632 shares of the energy company’s stock valued at $5,973,000 after purchasing an additional 80,695 shares during the period. LBP AM SA acquired a new stake in shares of Sunrun in the fourth quarter valued at about $3,307,000. Lingotto Investment Management LLP purchased a new stake in shares of Sunrun during the fourth quarter worth about $4,480,000. Finally, Baader Bank Aktiengesellschaft purchased a new stake in shares of Sunrun during the fourth quarter worth about $2,760,000. 91.69% of the stock is owned by institutional investors and hedge funds.

More Sunrun News

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.