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

Sunrun Inc. (NASDAQ:RUN) has received an average recommendation of “Hold” from the twenty-two brokerages that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and twelve have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $17.0350.

A number of research firms recently weighed in on RUN. Barclays lowered their price target on shares of Sunrun from $23.00 to $14.00 and set an “equal weight” rating for the company in a report on Tuesday, April 21st. JPMorgan Chase & Co. cut their price objective on shares of Sunrun from $25.00 to $22.00 and set an “overweight” rating on the stock in a report on Thursday, April 16th. Glj Research reissued a “sell” rating and issued a $4.63 price objective on shares of Sunrun in a research report on Friday, July 10th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $17.00 target price on shares of Sunrun in a research note on Friday, May 8th. Finally, Zacks Research lowered Sunrun from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 2nd.

Insider Activity

In other news, Director Lynn Michelle Jurich sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $9.96, for a total transaction of $498,000.00. Following the completion of the sale, the director owned 367,405 shares of the company’s stock, valued at approximately $3,659,353.80. This trade represents a 11.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CRO Paul S. Dickson sold 15,613 shares of the firm’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $13.18, for a total transaction of $205,779.34. Following the sale, 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. Additional details regarding this sale are available in the official SEC disclosure. 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 $2,934,835 over the last quarter. Corporate insiders own 3.55% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in RUN. Amundi lifted its position in shares of Sunrun by 56.3% in the 1st quarter. Amundi now owns 3,300,626 shares of the energy company’s stock worth $44,798,000 after buying an additional 1,188,564 shares during the last quarter. Handelsbanken Fonder AB grew its position in shares of Sunrun by 6.7% during the 4th quarter. Handelsbanken Fonder AB now owns 2,314,802 shares of the energy company’s stock valued at $42,592,000 after buying an additional 145,285 shares during the last quarter. Intech Investment Management LLC grew its position in shares of Sunrun by 33.1% during the 4th quarter. Intech Investment Management LLC now owns 324,632 shares of the energy company’s stock valued at $5,973,000 after buying an additional 80,695 shares during the last quarter. LBP AM SA acquired a new stake in Sunrun during the fourth quarter worth about $3,307,000. Finally, Masters Capital Management LLC acquired a new stake in Sunrun during the first quarter worth about $6,780,000. 91.69% of the stock is currently owned by institutional investors.

Sunrun Stock Performance

Sunrun stock opened at $10.03 on Friday. The firm has a market capitalization of $2.42 billion, a PE ratio of 6.78 and a beta of 2.35. Sunrun has a one year low of $8.61 and a one year high of $22.44. The stock’s 50 day moving average price is $12.05 and its 200 day moving average price is $13.99. The company has a debt-to-equity ratio of 3.34, a quick ratio of 1.00 and a current ratio of 1.42.

Sunrun (NASDAQ:RUN) last issued its quarterly earnings data on Wednesday, August 5th. The energy company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.19. Sunrun had a net margin of 11.59% and a return on equity of 9.59%. The company had revenue of $869.99 million during the quarter, compared to the consensus estimate of $746.87 million. During the same quarter last year, the company earned $1.07 earnings per share. Sunrun’s revenue for the quarter was up 52.8% on a year-over-year basis. As a group, sell-side analysts expect that Sunrun will post 1.13 EPS for the current fiscal year.

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.