Sunrun (NASDAQ:RUN) Stock Price Up 2.8%

Sunrun Inc. (NASDAQ:RUN)’s stock price shot up 2.8% during mid-day trading on Wednesday . The stock traded as high as $10.70 and last traded at $10.62. 989,334 shares changed hands during trading, a decline of 93% from the average session volume of 14,236,317 shares. The stock had previously closed at $10.33.

Analysts Set New Price Targets

Several brokerages recently issued reports on RUN. Susquehanna reaffirmed a “positive” rating and set a $25.00 target price on shares of Sunrun in a research report on Friday, April 5th. Piper Sandler dropped their target price on Sunrun from $31.00 to $27.00 and set an “overweight” rating on the stock in a report on Thursday, February 22nd. Mizuho raised their target price on Sunrun from $23.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, January 3rd. Royal Bank of Canada dropped their target price on Sunrun from $17.00 to $15.00 and set an “outperform” rating on the stock in a report on Friday, March 15th. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Sunrun in a report on Thursday, January 4th. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Sunrun currently has an average rating of “Moderate Buy” and a consensus target price of $21.53.

Sunrun Trading Down 6.8 %

The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.96 and a current ratio of 1.26. The stock has a 50-day moving average of $12.47 and a 200 day moving average of $13.17.

Sunrun (NASDAQ:RUN) last announced its quarterly earnings data on Wednesday, February 21st. The energy company reported ($1.33) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($1.20). Sunrun had a negative return on equity of 5.58% and a negative net margin of 71.00%. The company had revenue of $516.59 million for the quarter, compared to analysts’ expectations of $499.74 million. On average, research analysts predict that Sunrun Inc. will post -1.69 earnings per share for the current year.

Insider Buying and Selling at Sunrun

In other Sunrun news, Director Edward Harris Fenster sold 172,920 shares of Sunrun stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $11.95, for a total value of $2,066,394.00. Following the sale, the director now owns 1,261,317 shares in the company, valued at $15,072,738.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Sunrun news, Director Edward Harris Fenster sold 172,920 shares of Sunrun stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $11.95, for a total value of $2,066,394.00. Following the sale, the director now owns 1,261,317 shares in the company, valued at $15,072,738.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lynn Michelle Jurich sold 4,830 shares of Sunrun stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $12.12, for a total value of $58,539.60. Following the completion of the sale, the director now owns 1,403,915 shares in the company, valued at approximately $17,015,449.80. The disclosure for this sale can be found here. Insiders have sold 301,760 shares of company stock worth $3,615,990 over the last quarter. 3.76% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Sunrun

Institutional investors have recently modified their holdings of the company. International Assets Investment Management LLC acquired a new stake in shares of Sunrun in the third quarter valued at $26,000. C M Bidwell & Associates Ltd. grew its stake in shares of Sunrun by 1,483.9% in the third quarter. C M Bidwell & Associates Ltd. now owns 2,360 shares of the energy company’s stock valued at $30,000 after buying an additional 2,211 shares in the last quarter. Fifth Third Bancorp grew its stake in shares of Sunrun by 76.9% in the fourth quarter. Fifth Third Bancorp now owns 1,758 shares of the energy company’s stock valued at $35,000 after buying an additional 764 shares in the last quarter. Versant Capital Management Inc grew its stake in shares of Sunrun by 149.7% in the fourth quarter. Versant Capital Management Inc now owns 1,880 shares of the energy company’s stock valued at $37,000 after buying an additional 1,127 shares in the last quarter. Finally, Hexagon Capital Partners LLC grew its stake in shares of Sunrun by 69.8% in the third quarter. Hexagon Capital Partners LLC now owns 3,345 shares of the energy company’s stock valued at $42,000 after buying an additional 1,375 shares in the last quarter. 91.69% of the stock is owned by institutional investors and hedge funds.

Sunrun Company Profile

Sunrun Inc designs, develops, installs, sells, owns, and maintains residential solar energy systems in the United States. It also sells solar energy systems and products, such as panels and racking; and solar leads generated to customers. In addition, the company offers battery storage along with solar energy systems; and sells services to commercial developers through multi-family and new homes.