Sunrun’s (RUN) Underweight Rating Reiterated at KeyCorp

KeyCorp restated their underweight rating on shares of Sunrun (NASDAQ:RUN) in a research note issued to investors on Tuesday morning, MarketBeat.com reports. They currently have a $6.00 target price on the energy company’s stock.

Other analysts have also issued reports about the company. TD Cowen cut their price target on Sunrun from $18.00 to $14.00 and set a “buy” rating on the stock in a research note on Friday, February 28th. BNP Paribas lowered Sunrun from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 22nd. Royal Bank Of Canada reissued an “outperform” rating and set a $12.00 price target on shares of Sunrun in a research note on Tuesday, June 3rd. Citigroup reissued a “neutral” rating and set a $7.00 price target on shares of Sunrun in a research note on Thursday, April 17th. Finally, Susquehanna lowered their price objective on Sunrun from $13.00 to $10.00 and set a “positive” rating for the company in a research report on Monday, April 14th. Five equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $13.43.

Sunrun Stock Up 6.1%

Shares of NASDAQ RUN opened at $6.13 on Tuesday. The company has a current ratio of 1.32, a quick ratio of 0.99 and a debt-to-equity ratio of 3.89. The company has a market cap of $1.40 billion, a price-to-earnings ratio of -0.51 and a beta of 2.61. Sunrun has a 12 month low of $5.38 and a 12 month high of $22.26. The stock has a 50-day moving average price of $8.11 and a two-hundred day moving average price of $8.37.

Sunrun (NASDAQ:RUN) last announced its quarterly earnings results on Wednesday, May 7th. The energy company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.42. Sunrun had a positive return on equity of 9.42% and a negative net margin of 129.97%. The firm had revenue of $504.27 million for the quarter, compared to analyst estimates of $487.29 million. During the same period last year, the firm posted ($0.40) earnings per share. The business’s revenue for the quarter was up 10.1% on a year-over-year basis. As a group, analysts forecast that Sunrun will post -0.43 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Sunrun news, insider Jeanna Steele sold 9,942 shares of the firm’s stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $6.74, for a total value of $67,009.08. Following the completion of the sale, the insider now 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CRO Paul S. Dickson sold 19,343 shares of the firm’s stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $6.74, for a total value of $130,371.82. Following the completion of the sale, the executive now directly owns 399,729 shares of the company’s stock, valued at $2,694,173.46. This trade represents a 4.62% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 88,993 shares of company stock worth $612,979. 3.37% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Sunrun

A number of hedge funds have recently added to or reduced their stakes in RUN. Aster Capital Management DIFC Ltd acquired a new stake in Sunrun in the fourth quarter valued at approximately $29,000. Summit Securities Group LLC acquired a new stake in Sunrun in the fourth quarter valued at approximately $53,000. Union Bancaire Privee UBP SA acquired a new stake in Sunrun in the fourth quarter valued at approximately $56,000. Apollon Wealth Management LLC acquired a new stake in Sunrun in the first quarter valued at approximately $60,000. Finally, US Bancorp DE boosted its position in shares of Sunrun by 107.6% during the first quarter. US Bancorp DE now owns 10,307 shares of the energy company’s stock valued at $60,000 after buying an additional 5,342 shares during the last quarter. Institutional investors and hedge funds own 91.69% of the company’s stock.

Sunrun Company Profile

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.