Shares of Sunrun Inc (NASDAQ:RUN) have earned a consensus rating of “Buy” from the eleven research firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $21.64.
RUN has been the topic of several recent research reports. Zacks Investment Research raised Sunrun from a “strong sell” rating to a “hold” rating in a report on Saturday, August 10th. Roth Capital set a $24.00 price target on Sunrun and gave the company a “buy” rating in a report on Thursday, May 23rd. Bank of America restated a “buy” rating and set a $23.50 price target (up previously from $17.50) on shares of Sunrun in a report on Thursday, April 25th. BidaskClub lowered Sunrun from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 13th. Finally, Goldman Sachs Group upgraded Sunrun from a “neutral” rating to a “buy” rating and set a $20.00 price target on the stock in a report on Monday, June 17th.
In other Sunrun news, major shareholder Tiger Global Management Llc bought 170,696 shares of Sunrun stock in a transaction on Wednesday, June 19th. The shares were acquired at an average price of $17.82 per share, for a total transaction of $3,041,802.72. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Michelle Philpot sold 7,500 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $18.41, for a total value of $138,075.00. Following the completion of the sale, the chief accounting officer now owns 64,197 shares in the company, valued at approximately $1,181,866.77. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 4,067,975 shares of company stock worth $70,803,816 and have sold 306,099 shares worth $6,006,175. Corporate insiders own 9.34% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its stake in Sunrun by 201.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,525,543 shares of the energy company’s stock worth $16,612,000 after purchasing an additional 1,019,554 shares in the last quarter. Legal & General Group Plc raised its stake in Sunrun by 7.7% in the 4th quarter. Legal & General Group Plc now owns 16,805 shares of the energy company’s stock worth $183,000 after purchasing an additional 1,205 shares in the last quarter. Norges Bank acquired a new stake in Sunrun in the 4th quarter worth about $16,863,000. Sciencast Management LP acquired a new stake in Sunrun in the 1st quarter worth about $295,000. Finally, DAVENPORT & Co LLC raised its stake in Sunrun by 53.7% in the 1st quarter. DAVENPORT & Co LLC now owns 104,441 shares of the energy company’s stock worth $1,468,000 after purchasing an additional 36,494 shares in the last quarter. Institutional investors and hedge funds own 79.58% of the company’s stock.
Shares of RUN traded down $0.24 during mid-day trading on Wednesday, hitting $15.65. 1,589,062 shares of the stock were exchanged, compared to its average volume of 1,439,175. The company has a market cap of $1.84 billion, a PE ratio of 68.04, a price-to-earnings-growth ratio of 6.16 and a beta of 0.66. Sunrun has a 52-week low of $8.81 and a 52-week high of $21.42. The firm has a 50-day moving average of $18.54 and a two-hundred day moving average of $16.48. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.69 and a current ratio of 0.83.
Sunrun (NASDAQ:RUN) last issued its quarterly earnings data on Wednesday, August 7th. The energy company reported ($0.01) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.18). The firm had revenue of $204.60 million for the quarter, compared to analysts’ expectations of $198.78 million. Sunrun had a negative return on equity of 1.89% and a negative net margin of 2.84%. The firm’s revenue was up 20.0% on a year-over-year basis. During the same period last year, the company earned $0.06 earnings per share. On average, sell-side analysts predict that Sunrun will post 0.5 EPS for the current year.
Sunrun Inc engages in the design, development, installation, sale, ownership, and maintenance of residential solar energy systems in the United States. It also sells solar energy systems and products, such as panels and racking, as well as solar leads generated to customers. The company markets and sells its products through direct-to-consumer approach across online, retail, mass media, digital media, canvassing, field marketing, and referral channels, as well as its partner network.
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