Sunrun Inc (RUN) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of Sunrun Inc (NASDAQ:RUN) have been assigned a consensus rating of “Buy” from the eleven analysts that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, eight have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $10.43.

RUN has been the topic of several research analyst reports. BidaskClub upgraded shares of Sunrun from a “hold” rating to a “buy” rating in a research note on Tuesday, March 6th. Zacks Investment Research cut shares of Sunrun from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Goldman Sachs upped their target price on shares of Sunrun from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Friday. Credit Suisse Group initiated coverage on shares of Sunrun in a research note on Monday, February 12th. They set an “outperform” rating and a $15.00 target price on the stock. Finally, UBS initiated coverage on shares of Sunrun in a research note on Thursday, March 15th. They set a “buy” rating and a $8.00 target price on the stock.

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Sunrun stock traded down $1.42 during mid-day trading on Friday, reaching $8.52. The stock had a trading volume of 6,356,205 shares, compared to its average volume of 2,804,376. The stock has a market cap of $914.16, a price-to-earnings ratio of 9.91, a PEG ratio of 0.46 and a beta of -1.02. Sunrun has a one year low of $4.21 and a one year high of $10.16. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.29 and a quick ratio of 1.01.

Sunrun (NASDAQ:RUN) last announced its quarterly earnings results on Tuesday, March 6th. The energy company reported $0.25 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.12). The firm had revenue of $146.44 million during the quarter, compared to the consensus estimate of $133.62 million. Sunrun had a return on equity of 8.54% and a net margin of 23.51%. equities analysts expect that Sunrun will post 1.56 EPS for the current fiscal year.

In other news, CEO Lynn Michelle Jurich sold 36,522 shares of the stock in a transaction that occurred on Monday, April 2nd. The shares were sold at an average price of $8.92, for a total value of $325,776.24. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 24.13% of the stock is owned by corporate insiders.

Several large investors have recently modified their holdings of RUN. Jennison Associates LLC bought a new position in shares of Sunrun in the 4th quarter worth approximately $5,704,000. Uniplan Investment Counsel Inc. increased its holdings in Sunrun by 136.7% in the 3rd quarter. Uniplan Investment Counsel Inc. now owns 1,379,779 shares of the energy company’s stock worth $7,657,000 after acquiring an additional 796,912 shares in the last quarter. Handelsbanken Fonder AB increased its holdings in Sunrun by 103.7% in the 4th quarter. Handelsbanken Fonder AB now owns 1,364,180 shares of the energy company’s stock worth $8,049,000 after acquiring an additional 694,402 shares in the last quarter. Guggenheim Capital LLC increased its holdings in Sunrun by 31.2% in the 4th 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. Finally, Millennium Management LLC increased its holdings in Sunrun by 35.9% in the 4th 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. Hedge funds and other institutional investors own 80.89% 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.

Analyst Recommendations for Sunrun (NASDAQ:RUN)

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