Sunrun (NASDAQ:RUN) Reaches New 12-Month Low – Should You Sell?

Sunrun Inc. (NASDAQ:RUN) reached a new 52-week low on Monday . The stock traded as low as $8.58 and last traded at $8.6160, with a volume of 794685 shares. The stock had previously closed at $8.78.

Analyst Ratings Changes

Several equities analysts have issued reports on RUN shares. Oppenheimer reiterated an “outperform” rating and issued a $20.00 price objective on shares of Sunrun in a research report on Thursday, August 6th. Wells Fargo & Company lowered their target price on Sunrun from $22.00 to $17.00 and set an “overweight” rating for the company in a research note on Friday, August 14th. Susquehanna cut their price target on Sunrun from $18.00 to $15.00 and set a “positive” rating for the company in a report on Friday, August 7th. UBS Group decreased their price objective on shares of Sunrun from $23.00 to $20.00 and set a “buy” rating on the stock in a report on Tuesday, June 16th. Finally, Zacks Research downgraded Sunrun from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 2nd. Twelve analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $16.81.

Sunrun Stock Performance

The firm’s 50-day moving average price is $11.08 and its 200 day moving average price is $13.05. The company has a debt-to-equity ratio of 3.34, a quick ratio of 1.00 and a current ratio of 1.42. The company has a market cap of $2.08 billion, a price-to-earnings ratio of 5.82 and a beta of 2.36.

Sunrun (NASDAQ:RUN) last announced its quarterly earnings data on Wednesday, August 5th. The energy company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.19. Sunrun had a net margin of 11.59% and a return on equity of 9.59%. The business had revenue of $869.99 million for the quarter, compared to analyst estimates of $746.87 million. During the same period in the prior year, the business posted $1.07 earnings per share. Sunrun’s revenue was up 52.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Sunrun Inc. will post 1.18 EPS for the current year.

Insider Buying and Selling

In related news, CFO Danny Abajian sold 16,495 shares of the company’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $13.19, for a total value of $217,569.05. Following the completion of the sale, the chief financial officer owned 420,318 shares in the company, valued at approximately $5,543,994.42. This represents a 3.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CRO Paul S. Dickson sold 15,613 shares of the stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $13.18, for a total value of $205,779.34. Following the completion of the transaction, the executive directly owned 839,539 shares in the company, valued at $11,065,124.02. The trade was a 1.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 173,045 shares of company stock worth $2,138,835 over the last 90 days. 3.55% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of RUN. Royal Bank of Canada lifted its holdings in Sunrun by 5.1% during the first quarter. Royal Bank of Canada now owns 626,536 shares of the energy company’s stock worth $3,672,000 after acquiring an additional 30,175 shares in the last quarter. Integrated Wealth Concepts LLC increased its holdings in shares of Sunrun by 47.8% in the first quarter. Integrated Wealth Concepts LLC now owns 32,767 shares of the energy company’s stock worth $192,000 after acquiring an additional 10,598 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Sunrun by 2.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 238,360 shares of the energy company’s stock worth $1,397,000 after acquiring an additional 5,882 shares in the last quarter. Jones Financial Companies Lllp raised its position in shares of Sunrun by 511.0% during the first quarter. Jones Financial Companies Lllp now owns 27,026 shares of the energy company’s stock worth $158,000 after purchasing an additional 22,603 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Sunrun by 45.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,306,808 shares of the energy company’s stock valued at $13,518,000 after purchasing an additional 718,955 shares in the last quarter. Institutional investors and hedge funds own 91.69% of the company’s stock.

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.