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

Sunrun Inc. (NASDAQ:RUN) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-three analysts that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation, twelve have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $18.4815.

RUN has been the topic of a number of recent analyst reports. TD Cowen lowered their price target on shares of Sunrun from $23.00 to $21.00 and set a “buy” rating on the stock in a research note on Thursday, May 7th. Glj Research reaffirmed a “sell” rating and set a $4.63 price target on shares of Sunrun in a research note on Thursday, April 16th. Weiss Ratings cut shares of Sunrun from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, May 7th. Susquehanna lowered their price target on shares of Sunrun from $24.00 to $19.00 and set a “positive” rating on the stock in a research note on Thursday, April 9th. Finally, Citigroup lowered their price target on shares of Sunrun from $26.00 to $20.00 and set a “buy” rating on the stock in a research note on Tuesday, April 21st.

Insider Transactions at Sunrun

In related news, Director Lynn Michelle Jurich sold 50,000 shares of the stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $12.89, for a total value of $644,500.00. Following the sale, the director directly owned 507,947 shares of the company’s stock, valued at approximately $6,547,436.83. This represents a 8.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeanna Steele sold 76,478 shares of the stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $13.25, for a total transaction of $1,013,333.50. Following the completion of the sale, the insider directly owned 384,538 shares in the company, valued at approximately $5,095,128.50. The trade was a 16.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 716,050 shares of company stock worth $9,463,809 in the last 90 days. Insiders own 3.55% of the company’s stock.

Institutional Investors Weigh In On Sunrun

Large investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC grew its stake in Sunrun by 156.9% in the 4th quarter. Farther Finance Advisors LLC now owns 1,449 shares of the energy company’s stock valued at $27,000 after acquiring an additional 885 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Sunrun in the 4th quarter valued at about $27,000. Sycomore Asset Management acquired a new stake in shares of Sunrun during the 3rd quarter worth about $28,000. Hantz Financial Services Inc. boosted its stake in shares of Sunrun by 59.1% during the 4th quarter. Hantz Financial Services Inc. now owns 1,519 shares of the energy company’s stock worth $28,000 after purchasing an additional 564 shares during the last quarter. Finally, Kestra Advisory Services LLC acquired a new stake in shares of Sunrun during the 4th quarter worth about $30,000. 91.69% of the stock is owned by institutional investors and hedge funds.

Sunrun Stock Performance

NASDAQ:RUN opened at $16.72 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.45 and a debt-to-equity ratio of 3.44. Sunrun has a fifty-two week low of $5.38 and a fifty-two week high of $22.44. The stock has a market cap of $3.99 billion, a PE ratio of 7.85 and a beta of 2.25. The firm’s fifty day simple moving average is $13.40 and its 200-day simple moving average is $16.34.

Sunrun (NASDAQ:RUN) last posted its quarterly earnings results on Wednesday, May 6th. The energy company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.67. Sunrun had a net margin of 17.88% and a return on equity of 14.06%. The business had revenue of $722.23 million for the quarter, compared to analysts’ expectations of $688.50 million. During the same period in the prior year, the company posted $0.20 EPS. The business’s revenue for the quarter was up 43.2% on a year-over-year basis. Analysts expect that Sunrun will post 1.09 earnings per share for the current fiscal year.

Sunrun Company Profile

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.