Sunrun (RUN) Stock Rating Upgraded by BidaskClub

Sunrun (NASDAQ:RUN) was upgraded by equities researchers at BidaskClub from a “buy” rating to a “strong-buy” rating in a report released on Friday.

Several other equities analysts also recently commented on the company. ValuEngine downgraded Sunrun from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 2nd. Roth Capital started coverage on Sunrun in a research note on Thursday, March 1st. They issued a “buy” rating and a $10.00 price objective on the stock. Zacks Investment Research upgraded Sunrun from a “hold” rating to a “buy” rating and set a $6.75 price objective on the stock in a research note on Thursday, January 4th. Deutsche Bank set a $10.00 price objective on Sunrun and gave the company a “buy” rating in a research note on Monday, January 22nd. Finally, UBS started coverage on Sunrun in a research note on Thursday, March 15th. They issued a “buy” rating and a $8.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $9.53.

Sunrun (NASDAQ:RUN) opened at $8.43 on Friday. Sunrun has a 12 month low of $4.21 and a 12 month high of $8.95. The firm has a market capitalization of $904.51, a P/E ratio of 9.92, a PEG ratio of 0.49 and a beta of -0.55. The company has a quick ratio of 1.01, a current ratio of 1.29 and a debt-to-equity ratio of 1.22.

Several large investors have recently bought and sold shares of the business. BlackRock Inc. lifted its position in shares of Sunrun by 0.6% during the fourth quarter. BlackRock Inc. now owns 6,018,588 shares of the energy company’s stock worth $35,510,000 after acquiring an additional 34,454 shares in the last quarter. DnB Asset Management AS lifted its position in shares of Sunrun by 4.1% during the fourth quarter. DnB Asset Management AS now owns 5,357,471 shares of the energy company’s stock worth $31,609,000 after acquiring an additional 212,607 shares in the last quarter. Guggenheim Capital LLC lifted its position in shares of Sunrun by 31.2% during the fourth quarter. Guggenheim Capital LLC now owns 2,660,844 shares of the energy company’s stock worth $15,700,000 after acquiring an additional 632,070 shares in the last quarter. Millennium Management LLC lifted its position in shares of Sunrun by 35.9% during the fourth quarter. Millennium Management LLC now owns 2,008,395 shares of the energy company’s stock worth $11,850,000 after acquiring an additional 531,030 shares in the last quarter. Finally, State Street Corp lifted its position in shares of Sunrun by 22.7% during the second quarter. State Street Corp now owns 1,628,766 shares of the energy company’s stock worth $11,596,000 after acquiring an additional 300,923 shares in the last quarter. Hedge funds and other institutional investors own 80.87% of the company’s stock.

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Sunrun Company Profile

Sunrun Inc is engaged in the design, development, installation, sale, ownership and maintenance of residential solar energy systems (Projects) in the United States. The Company is engaged in providing solar energy services and products to its customers. As of December 31, 2016, it operated a fleet of residential solar energy systems in the United States, with approximately 134,000 customers across 16 states, as well as the District of Columbia.

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