Sunrun (NASDAQ:RUN) Upgraded at StockNews.com

StockNews.com upgraded shares of Sunrun (NASDAQ:RUN) to a sell rating in a report released on Thursday.

RUN has been the subject of several other research reports. Wells Fargo & Company decreased their price objective on Sunrun from $15.00 to $12.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. BMO Capital Markets lowered their target price on shares of Sunrun from $11.00 to $9.00 and set a “market perform” rating for the company in a research note on Monday, March 3rd. Citigroup restated a “neutral” rating and set a $7.00 price target on shares of Sunrun in a research note on Thursday, April 17th. Morgan Stanley reiterated an “equal weight” rating and set a $11.00 price objective on shares of Sunrun in a research note on Wednesday, April 23rd. Finally, The Goldman Sachs Group cut their target price on Sunrun from $17.00 to $15.00 and set a “buy” rating on the stock in a research report on Monday, March 3rd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $14.82.

Sunrun Trading Up 10.4 %

NASDAQ:RUN opened at $9.38 on Thursday. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.15 and a current ratio of 1.47. The firm has a 50-day simple moving average of $6.77 and a 200-day simple moving average of $9.01. Sunrun has a one year low of $5.45 and a one year high of $22.26. The firm has a market cap of $2.14 billion, a P/E ratio of -5.15 and a beta of 2.66.

Sunrun (NASDAQ:RUN) last issued its quarterly earnings data on Wednesday, May 7th. The energy company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.42. The company had revenue of $504.27 million during the quarter, compared to the consensus estimate of $487.29 million. Sunrun had a negative net margin of 18.80% and a negative return on equity of 5.15%. Sunrun’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.40) earnings per share. Equities analysts anticipate that Sunrun will post -0.43 EPS for the current fiscal year.

Insider Buying and Selling

In other Sunrun news, insider Jeanna Steele sold 9,942 shares of the firm’s stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $6.74, for a total value of $67,009.08. Following the transaction, the insider now directly owns 291,238 shares of the company’s stock, valued at $1,962,944.12. This trade represents a 3.30 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CRO Paul S. Dickson sold 19,343 shares of the business’s stock in a transaction on Monday, April 7th. The stock was sold at an average price of $6.74, for a total value of $130,371.82. Following the transaction, the executive now directly owns 399,729 shares in the company, valued at $2,694,173.46. This trade represents a 4.62 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 138,540 shares of company stock valued at $1,050,944. 3.77% of the stock is owned by company insiders.

Hedge Funds Weigh In On Sunrun

A number of institutional investors have recently bought and sold shares of RUN. Vanguard Group Inc. increased its position in shares of Sunrun by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 23,749,115 shares of the energy company’s stock valued at $219,679,000 after acquiring an additional 343,448 shares during the last quarter. Greenvale Capital LLP increased its holdings in Sunrun by 50.3% in the fourth quarter. Greenvale Capital LLP now owns 13,500,000 shares of the energy company’s stock valued at $124,875,000 after buying an additional 4,516,793 shares during the last quarter. Alyeska Investment Group L.P. raised its position in shares of Sunrun by 593.9% during the 4th quarter. Alyeska Investment Group L.P. now owns 12,028,454 shares of the energy company’s stock worth $111,263,000 after acquiring an additional 10,294,947 shares in the last quarter. Sylebra Capital LLC lifted its stake in Sunrun by 124.0% during the fourth quarter. Sylebra Capital LLC now owns 6,683,162 shares of the energy company’s stock worth $61,819,000 after purchasing an additional 3,699,405 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Sunrun by 27.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,621,303 shares of the energy company’s stock valued at $61,252,000 after purchasing an additional 1,427,858 shares in the last quarter. 91.69% of the stock is owned by hedge funds and other institutional investors.

About Sunrun

Sunrun Inc designs, develops, installs, sells, owns, and maintains residential solar energy systems in the United States. It also sells solar energy systems and products, such as panels and racking; and solar leads generated to customers. In addition, the company offers battery storage along with solar energy systems; and sells services to commercial developers through multi-family and new homes.