Several other research firms have also recently issued reports on RUN. Roth Capital decreased their target price on shares of Sunrun and set a buy rating on the stock in a research report on Wednesday, November 13th. Zacks Investment Research cut shares of Sunrun from a hold rating to a sell rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. started coverage on shares of Sunrun in a research report on Thursday, January 16th. They issued an overweight rating and a $19.00 target price on the stock. Finally, ValuEngine cut shares of Sunrun from a buy rating to a hold rating in a research report on Friday, January 3rd. One analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Sunrun presently has a consensus rating of Buy and a consensus price target of $21.83.
Shares of Sunrun stock traded up $0.12 during mid-day trading on Thursday, hitting $21.42. 2,084,233 shares of the stock were exchanged, compared to its average volume of 2,657,369. Sunrun has a twelve month low of $12.90 and a twelve month high of $21.57. The stock has a market capitalization of $2.40 billion, a price-to-earnings ratio of 428.40, a price-to-earnings-growth ratio of 19.19 and a beta of 0.62. The company has a 50-day simple moving average of $16.46 and a 200 day simple moving average of $15.84. The company has a current ratio of 1.32, a quick ratio of 1.07 and a debt-to-equity ratio of 1.89.
Sunrun (NASDAQ:RUN) last released its quarterly earnings results on Tuesday, November 12th. The energy company reported $0.23 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.04). Sunrun had a return on equity of 0.63% and a net margin of 0.93%. The firm had revenue of $215.50 million for the quarter, compared to analyst estimates of $207.22 million. During the same period in the prior year, the business earned ($0.02) earnings per share. Sunrun’s revenue for the quarter was up 5.1% on a year-over-year basis. Equities research analysts forecast that Sunrun will post 0.4 earnings per share for the current fiscal year.
In other Sunrun news, COO Christopher Dawson sold 8,025 shares of Sunrun stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $14.33, for a total transaction of $114,998.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman Edward Harris Fenster sold 50,000 shares of Sunrun stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $20.28, for a total transaction of $1,014,000.00. Following the transaction, the chairman now directly owns 1,782,627 shares in the company, valued at $36,151,675.56. The disclosure for this sale can be found here. Insiders sold 511,460 shares of company stock worth $8,893,518 over the last three months. Corporate insiders own 9.34% of the company’s stock.
Hedge funds have recently made changes to their positions in the business. State Street Corp lifted its position in Sunrun by 4.3% during the third quarter. State Street Corp now owns 2,184,945 shares of the energy company’s stock valued at $36,500,000 after buying an additional 89,751 shares in the last quarter. DNB Asset Management AS raised its stake in shares of Sunrun by 28.1% during the fourth quarter. DNB Asset Management AS now owns 943,504 shares of the energy company’s stock valued at $13,030,000 after purchasing an additional 206,766 shares during the period. California State Teachers Retirement System raised its stake in shares of Sunrun by 3.4% during the third quarter. California State Teachers Retirement System now owns 176,098 shares of the energy company’s stock valued at $2,942,000 after purchasing an additional 5,768 shares during the period. Alps Advisors Inc. raised its stake in shares of Sunrun by 36.1% during the third quarter. Alps Advisors Inc. now owns 221,445 shares of the energy company’s stock valued at $3,699,000 after purchasing an additional 58,795 shares during the period. Finally, Cetera Advisor Networks LLC purchased a new stake in shares of Sunrun during the third quarter valued at approximately $182,000. 87.99% of the stock is currently owned by hedge funds and other institutional investors.
Sunrun Company Profile
Sunrun Inc engages in the design, development, installation, sale, ownership, and maintenance of residential solar energy systems in the United States. It also sells solar energy systems and products, such as panels and racking, as well as solar leads generated to customers. The company markets and sells its products through direct-to-consumer approach across online, retail, mass media, digital media, canvassing, field marketing, and referral channels, as well as its partner network.
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