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

Sunrun (NASDAQ:RUN)‘s stock had its “sell” rating reissued by analysts at Glj Research in a research note issued on Friday,Benzinga reports. They currently have a $4.63 price objective on the energy company’s stock. Glj Research’s price objective points to a potential downside of 62.49% from the company’s previous close.

A number of other research firms also recently issued reports on RUN. TD Cowen dropped their price objective on shares of Sunrun from $23.00 to $21.00 and set a “buy” rating on the stock in a report on Thursday, May 7th. Citigroup decreased their price target on shares of Sunrun from $26.00 to $20.00 and set a “buy” rating on the stock in a research report on Tuesday, April 21st. Barclays cut 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. JPMorgan Chase & Co. reduced their price objective on Sunrun from $25.00 to $22.00 and set an “overweight” rating for the company in a research note on Thursday, April 16th. Finally, 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 report on Tuesday, April 7th. Twelve investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $18.81.

Sunrun Stock Performance

Sunrun stock traded down $0.12 during mid-day trading on Friday, reaching $12.34. 1,198,255 shares of the stock traded hands, compared to its average volume of 9,675,305. The stock has a market capitalization of $2.94 billion, a PE ratio of 5.81 and a beta of 2.32. 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 has a 12-month low of $9.01 and a 12-month high of $22.44. The business’s 50-day moving average is $13.65 and its 200-day moving average is $15.28.

Sunrun (NASDAQ:RUN) last announced its earnings results on Wednesday, May 6th. The energy company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.67. The business had revenue of $722.23 million for the quarter, compared to analysts’ expectations of $688.50 million. Sunrun had a return on equity of 14.06% and a net margin of 17.88%.The business’s revenue for the quarter was up 43.2% on a year-over-year basis. During the same period last year, the firm posted $0.20 earnings per share. As a group, sell-side analysts predict that Sunrun will post 1.09 EPS for the current fiscal year.

Insider Activity at Sunrun

In other news, CEO Mary Powell sold 23,985 shares of the stock in a transaction on Monday, July 6th. The shares were sold at an average price of $13.19, for a total value of $316,362.15. Following the completion of the sale, the chief executive officer directly owned 1,111,535 shares of the company’s stock, valued at $14,661,146.65. This represents a 2.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Maria Barak sold 3,278 shares of the firm’s stock in a transaction on Thursday, July 9th. The shares were sold at an average price of $12.17, for a total transaction of $39,893.26. Following the sale, the chief accounting officer owned 90,033 shares in the company, valued at $1,095,701.61. The trade was a 3.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 223,045 shares of company stock worth $3,081,335 in the last 90 days. Insiders own 3.55% of the company’s stock.

Hedge Funds Weigh In On Sunrun

Institutional investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC increased its holdings in Sunrun by 156.9% in the 4th quarter. Farther Finance Advisors LLC now owns 1,449 shares of the energy company’s stock valued at $27,000 after acquiring an additional 885 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Sunrun in the 4th quarter worth $27,000. Hantz Financial Services Inc. boosted its holdings in shares of Sunrun by 59.1% during the 4th quarter. Hantz Financial Services Inc. now owns 1,519 shares of the energy company’s stock valued at $28,000 after purchasing an additional 564 shares during the last quarter. Sycomore Asset Management bought a new position in shares of Sunrun during the 3rd quarter valued at about $28,000. Finally, Kestra Advisory Services LLC purchased a new position in shares of Sunrun during the fourth quarter valued at about $30,000. 91.69% of the stock is owned by hedge funds and other institutional investors.

Sunrun News Roundup

Here are the key news stories impacting Sunrun this week:

• Positive Sentiment: Sunrun’s new distributed AI data center pilot could create a fresh revenue stream by using customer homes as part of an AI computing network, which investors see as an expansion beyond its core solar business. Article Title
• Positive Sentiment: Options activity has been unusually bullish, with a surge in call buying suggesting traders are positioning for more upside tied to the AI-related narrative. Article Title
• Positive Sentiment: Susquehanna lowered its price target on Sunrun to $18 from $19, but still kept a “positive” rating, implying meaningful upside from current levels. Article Title
• Neutral Sentiment: Sunrun continues to receive broad media attention around the AI pilot, but some coverage suggests the story is still early and has not yet translated into a major long-term revaluation. Article Title
• Negative Sentiment: Chief accounting officer Maria Barak sold 3,278 shares in a pre-arranged Rule 10b5-1 transaction, adding to recent insider selling that may pressure sentiment. Article Title
• Negative Sentiment: A separate reported sale by CEO Mary Powell also reinforces the impression that executives may be locking in gains after the stock’s recent move higher. Article Title

About Sunrun

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.