Sunrun Inc. (NASDAQ:RUN) Stock Has Average Target Price of $16.70 According to Analysts

Sunrun Inc. (NASDAQ:RUN) has been given an average rating of “Hold” by the twenty-two analysts that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $16.70.

RUN has been the topic of a number of research analyst reports. Susquehanna lowered their price objective on shares of Sunrun from $18.00 to $15.00 and set a “positive” rating on the stock in a research report on Friday, August 7th. Wells Fargo & Company cut their target price on shares of Sunrun from $22.00 to $17.00 and set an “overweight” rating for the company in a research report on Friday, August 14th. UBS Group decreased their target price on shares of Sunrun from $23.00 to $20.00 and set a “buy” rating for the company in a research note on Tuesday, June 16th. Oppenheimer restated an “outperform” rating and set a $20.00 price target on shares of Sunrun in a report on Thursday, August 6th. Finally, Roth Capital reaffirmed a “buy” rating on shares of Sunrun in a research note on Thursday, July 9th.

Sunrun Trading Up 0.6%

Shares of NASDAQ RUN opened at $7.77 on Friday. The company has a current ratio of 1.42, a quick ratio of 1.00 and a debt-to-equity ratio of 3.34. Sunrun has a one year low of $7.49 and a one year high of $22.44. The business has a 50-day moving average price of $9.15 and a two-hundred day moving average price of $11.77. The firm has a market capitalization of $1.87 billion, a PE ratio of 5.25 and a beta of 2.37.

Sunrun (NASDAQ:RUN) last issued its earnings results on Wednesday, August 5th. The energy company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.19. The company had revenue of $869.99 million for the quarter, compared to the consensus estimate of $746.87 million. Sunrun had a return on equity of 9.59% and a net margin of 11.59%.The firm’s quarterly revenue was up 52.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.07 EPS. As a group, analysts predict that Sunrun will post 1.19 earnings per share for the current fiscal year.

Insider Activity

In other Sunrun news, Director Lynn Jurich sold 50,000 shares of the business’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $9.96, for a total value of $498,000.00. Following the transaction, the director owned 367,405 shares in the company, valued at $3,659,353.80. The trade was a 11.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Maria Barak sold 3,278 shares of the company’s stock in a transaction dated Thursday, July 9th. The stock was sold at an average price of $12.17, for a total value of $39,893.26. Following the completion of the transaction, the chief accounting officer directly owned 90,033 shares in the company, valued at approximately $1,095,701.61. The trade was a 3.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 121,015 shares of company stock valued at $1,431,153. 3.55% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Sunrun

Hedge funds have recently added to or reduced their stakes in the company. U S Wealth Group LLC. lifted its stake in Sunrun by 23.1% in the second quarter. U S Wealth Group LLC. now owns 95,946 shares of the energy company’s stock valued at $1,284,000 after acquiring an additional 18,006 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new position in shares of Sunrun during the 2nd quarter worth $594,000. Engineers Gate Manager LP bought a new position in shares of Sunrun during the 2nd quarter valued at $328,000. Nykredit A S bought a new position in shares of Sunrun during the 2nd quarter valued at $78,000. Finally, Amundi raised its holdings in shares of Sunrun by 3.9% during the 2nd quarter. Amundi now owns 3,428,504 shares of the energy company’s stock valued at $45,845,000 after purchasing an additional 127,878 shares in the last quarter. Institutional investors and hedge funds own 91.69% of the company’s stock.

About Sunrun

Sunrun Inc is a provider of residential solar energy and battery-storage solutions. The company designs, sells, installs, owns and maintains solar energy systems for homeowners, helping customers generate electricity on-site and reduce reliance on conventional utility power.

Sunrun offers solar systems through customer purchase arrangements as well as subscription-based plans, including leases and power purchase agreements. Under these arrangements, Sunrun may retain ownership of the system and provide ongoing monitoring, maintenance and customer support.