Sunrun (RUN) – Research Analysts’ Weekly Ratings Updates

A number of firms have modified their ratings and price targets on shares of Sunrun (NASDAQ: RUN) recently:

  • 12/7/2019 – Sunrun was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 11/30/2019 – Sunrun was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 11/28/2019 – Sunrun was upgraded by analysts at ValuEngine from a “buy” rating to a “strong-buy” rating.
  • 11/23/2019 – Sunrun was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 11/14/2019 – Sunrun was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. According to Zacks, “Sunrun Inc. develops, owns, manages and sells residential solar energy systems. The Company provides solar service offerings through channels consists of direct-to-consumer channel, solar partner channel and strategic partnership channel. It also develops and sells mounting structures through the installation and distribution operations under the SnapNrack brand. The Company operates primarily in Arizona, California, Delaware, Colorado, Connecticut, Hawaii, Maryland, Massachusetts, Nevada, New Hampshire, New Jersey, New York, Oregon, Pennsylvania and South Carolina, as well as the District of Columbia. Sunrun Inc. is headquartered in San Francisco, California. “
  • 11/13/2019 – Sunrun had its price target lowered by analysts at Roth Capital. They now have a “buy” rating on the stock.
  • 11/7/2019 – Sunrun was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 11/1/2019 – Sunrun was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 10/19/2019 – Sunrun was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. According to Zacks, “Sunrun Inc. develops, owns, manages and sells residential solar energy systems. The Company provides solar service offerings through channels consists of direct-to-consumer channel, solar partner channel and strategic partnership channel. It also develops and sells mounting structures through the installation and distribution operations under the SnapNrack brand. The Company operates primarily in Arizona, California, Delaware, Colorado, Connecticut, Hawaii, Maryland, Massachusetts, Nevada, New Hampshire, New Jersey, New York, Oregon, Pennsylvania and South Carolina, as well as the District of Columbia. Sunrun Inc. is headquartered in San Francisco, California. “
  • 10/11/2019 – Sunrun was given a new $26.00 price target on by analysts at JMP Securities. They now have a “buy” rating on the stock.
  • 10/11/2019 – Sunrun was given a new $26.00 price target on by analysts at Credit Suisse Group AG. They now have a “buy” rating on the stock.

Shares of NASDAQ:RUN traded down $0.04 during midday trading on Tuesday, reaching $13.27. 82,721 shares of the company’s stock were exchanged, compared to its average volume of 1,803,503. The company’s 50 day simple moving average is $14.59 and its two-hundred day simple moving average is $16.54. The firm has a market capitalization of $1.55 billion, a PE ratio of 57.70, a price-to-earnings-growth ratio of 5.42 and a beta of 0.68. Sunrun Inc has a 12 month low of $8.81 and a 12 month high of $21.42. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.07 and a current ratio of 1.32.

Sunrun (NASDAQ:RUN) last announced its quarterly earnings results on Tuesday, November 12th. The energy company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.04). Sunrun had a net margin of 0.93% and a return on equity of 0.63%. The firm had revenue of $215.50 million for the quarter, compared to the consensus estimate of $207.22 million. During the same period in the prior year, the business earned ($0.02) earnings per share. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. On average, research analysts anticipate that Sunrun Inc will post 0.5 earnings per share for the current year.

In other Sunrun news, COO Christopher Dawson sold 8,190 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $17.41, for a total value of $142,587.90. Following the completion of the sale, the chief operating officer now owns 277,542 shares in the company, valued at approximately $4,832,006.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Tiger Global Management Llc acquired 122,516 shares of the stock in a transaction on Wednesday, September 11th. The stock was bought at an average price of $15.47 per share, with a total value of $1,895,322.52. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 1,984,790 shares of company stock valued at $33,121,545 and have sold 76,322 shares valued at $1,258,045. Company insiders own 9.34% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. Penserra Capital Management LLC acquired a new stake in Sunrun in the 3rd quarter valued at about $61,000. Maj Invest Holding A S acquired a new stake in Sunrun in the 3rd quarter valued at about $87,000. BSW Wealth Partners acquired a new stake in Sunrun in the 2nd quarter valued at about $114,000. Hershey Trust Co. acquired a new stake in shares of Sunrun during the 2nd quarter worth approximately $126,000. Finally, Cetera Advisor Networks LLC acquired a new stake in shares of Sunrun during the 3rd quarter worth approximately $182,000. Hedge funds and other institutional investors own 87.87% of the company’s stock.

Sunrun Inc engages in the design, development, installation, sale, ownership, and maintenance of residential solar energy systems in the United States. It also sells solar energy systems and products, such as panels and racking, as well as solar leads generated to customers. The company markets and sells its products through direct-to-consumer approach across online, retail, mass media, digital media, canvassing, field marketing, and referral channels, as well as its partner network.

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