Sunrun Inc. (NASDAQ:RUN) Receives Average Rating of “Hold” from Analysts

Shares of Sunrun Inc. (NASDAQ:RUN) have earned a consensus rating of “Hold” from the twenty-one brokerages that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and eleven have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $14.92.

A number of equities analysts have issued reports on the stock. JPMorgan Chase & Co. cut their target price on shares of Sunrun from $22.00 to $18.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd. TD Cowen cut their price objective on shares of Sunrun from $18.00 to $14.00 and set a “buy” rating for the company in a research report on Friday, February 28th. Citigroup reissued a “neutral” rating and issued a $7.00 price objective on shares of Sunrun in a research report on Thursday, April 17th. Roth Capital set a $20.00 price objective on shares of Sunrun in a research report on Friday, February 28th. Finally, Barclays cut their price objective on shares of Sunrun from $18.00 to $15.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 28th.

Sunrun Stock Performance

Shares of RUN opened at $12.25 on Wednesday. The company has a current ratio of 1.47, a quick ratio of 1.15 and a debt-to-equity ratio of 1.92. The stock has a market cap of $2.80 billion, a P/E ratio of -6.73 and a beta of 2.66. The company has a 50-day moving average of $7.28 and a two-hundred day moving average of $8.90. Sunrun has a 12-month low of $5.45 and a 12-month high of $22.26.

Sunrun (NASDAQ:RUN) last announced its earnings results on Wednesday, May 7th. The energy company reported $0.20 earnings per share (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 analysts’ expectations of $487.29 million. Sunrun had a negative net margin of 18.80% and a negative return on equity of 5.15%. The firm’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.40) earnings per share. As a group, research analysts predict that Sunrun will post -0.43 EPS for the current fiscal year.

Insider Buying and Selling

In other Sunrun news, CRO Paul S. Dickson sold 19,343 shares of the business’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 transaction of $130,371.82. Following the completion of the sale, the executive now directly owns 399,729 shares in the company, valued at $2,694,173.46. The trade was a 4.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lynn Michelle Jurich sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $9.10, for a total transaction of $455,000.00. Following the sale, the director now owns 941,753 shares of the company’s stock, valued at approximately $8,569,952.30. This represents a 5.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 138,540 shares of company stock valued at $1,050,944. Insiders own 3.37% of the company’s stock.

Institutional Investors Weigh In On Sunrun

Institutional investors have recently bought and sold shares of the business. KLP Kapitalforvaltning AS purchased a new stake in Sunrun during the fourth quarter worth approximately $402,000. Clal Insurance Enterprises Holdings Ltd purchased a new position in shares of Sunrun in the fourth quarter valued at $18,500,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Sunrun by 7.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,325,562 shares of the energy company’s stock valued at $21,511,000 after purchasing an additional 155,311 shares during the period. Greenvale Capital LLP boosted its stake in shares of 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 purchasing an additional 4,516,793 shares during the period. Finally, Essex Investment Management Co. LLC purchased a new position in shares of Sunrun in the fourth quarter valued at $403,000. 91.69% of the stock is currently 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.