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

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

RUN has been the topic of several analyst reports. Morgan Stanley restated an “equal weight” rating and issued a $11.00 price objective on shares of Sunrun in a report on Wednesday, April 23rd. Royal Bank of Canada cut their price target on Sunrun from $14.00 to $12.00 and set an “outperform” rating on the stock in a research note on Thursday, May 8th. UBS Group reaffirmed a “buy” rating and set a $17.00 price objective on shares of Sunrun in a research note on Wednesday, May 14th. TD Cowen dropped their price objective on Sunrun from $18.00 to $14.00 and set a “buy” rating for the company in a report on Friday, February 28th. Finally, BMO Capital Markets reduced their target price on Sunrun from $11.00 to $9.00 and set a “market perform” rating on the stock in a report on Monday, March 3rd.

Insider Activity

In other Sunrun news, CEO Mary Powell sold 31,197 shares of the stock in a transaction on Monday, April 7th. The shares were sold at an average price of $6.74, for a total value of $210,267.78. Following the completion of the sale, the chief executive officer now owns 534,615 shares in the company, valued at $3,603,305.10. This trade represents a 5.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jeanna Steele sold 9,942 shares of Sunrun stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $6.74, for a total transaction of $67,009.08. Following the completion of the transaction, the insider now directly owns 291,238 shares of the company’s stock, valued at approximately $1,962,944.12. This trade represents a 3.30% decrease in their position. The disclosure for this sale can be found here. Insiders sold 88,540 shares of company stock worth $595,944 in the last quarter. Corporate insiders own 3.37% of the company’s stock.

Hedge Funds Weigh In On Sunrun

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. KLP Kapitalforvaltning AS bought a new stake in Sunrun in the fourth quarter valued at approximately $402,000. Clal Insurance Enterprises Holdings Ltd bought a new stake in Sunrun in the 4th quarter valued at $18,500,000. Charles Schwab Investment Management Inc. lifted its holdings in Sunrun by 7.2% during the 4th 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 last quarter. Greenvale Capital LLP lifted its holdings in Sunrun by 50.3% during the 4th 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 last quarter. Finally, Essex Investment Management Co. LLC bought a new position in Sunrun during the fourth quarter worth $403,000. Institutional investors own 91.69% of the company’s stock.

Sunrun Trading Up 2.2%

RUN stock opened at $11.54 on Wednesday. The company has a quick ratio of 1.15, a current ratio of 1.47 and a debt-to-equity ratio of 1.92. Sunrun has a twelve month low of $5.45 and a twelve month high of $22.26. The company has a market cap of $2.64 billion, a P/E ratio of -6.34 and a beta of 2.66. The business has a fifty day moving average of $7.48 and a 200-day moving average of $8.89.

Sunrun (NASDAQ:RUN) last announced its quarterly earnings data on Wednesday, May 7th. The energy company reported $0.20 earnings per share for the quarter, topping the consensus estimate of ($0.22) by $0.42. The firm had revenue of $504.27 million during the quarter, compared to analysts’ expectations of $487.29 million. Sunrun had a negative return on equity of 5.15% and a negative net margin of 18.80%. The company’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.40) EPS. As a group, equities research analysts expect that Sunrun will post -0.43 EPS for the current year.

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.