Sunrun Inc. (NASDAQ:RUN) Given Average Rating of “Moderate Buy” by Analysts

Shares of Sunrun Inc. (NASDAQ:RUN) have received a consensus rating of “Moderate Buy” from the twenty analysts that are currently covering the company, MarketBeat reports. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $21.26.

A number of brokerages have weighed in on RUN. Mizuho reduced their price target on Sunrun from $28.00 to $23.00 and set a “buy” rating for the company in a research report on Friday, April 19th. Royal Bank of Canada decreased their price objective on Sunrun from $17.00 to $15.00 and set an “outperform” rating on the stock in a report on Friday, March 15th. Piper Sandler lowered their target price on shares of Sunrun from $31.00 to $27.00 and set an “overweight” rating on the stock in a research note on Thursday, February 22nd. The Goldman Sachs Group increased their price objective on Sunrun from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Thursday, February 22nd. Finally, Oppenheimer reiterated an “outperform” rating and issued a $19.00 target price on shares of Sunrun in a research note on Thursday, February 22nd.

Sunrun Stock Up 8.7 %

NASDAQ:RUN opened at $11.90 on Friday. The business’s fifty day moving average price is $11.35 and its 200 day moving average price is $13.11. The company has a current ratio of 1.26, a quick ratio of 0.96 and a debt-to-equity ratio of 1.68. The firm has a market capitalization of $2.64 billion, a price-to-earnings ratio of -1.61 and a beta of 2.50. Sunrun has a 1-year low of $8.43 and a 1-year high of $23.85.

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

Insider Activity at Sunrun

In other Sunrun news, Director Alan Ferber bought 10,000 shares of Sunrun stock in a transaction on Thursday, March 14th. The shares were purchased at an average cost of $9.73 per share, for a total transaction of $97,300.00. Following the completion of the acquisition, the director now owns 10,000 shares in the company, valued at approximately $97,300. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Director Alan Ferber bought 10,000 shares of Sunrun stock in a transaction that occurred on Thursday, March 14th. The stock was purchased at an average cost of $9.73 per share, with a total value of $97,300.00. Following the purchase, the director now owns 10,000 shares in the company, valued at $97,300. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Edward Harris Fenster sold 172,920 shares of Sunrun stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $11.95, for a total value of $2,066,394.00. Following the completion of the sale, the director now directly owns 1,261,317 shares in the company, valued at approximately $15,072,738.15. The disclosure for this sale can be found here. Insiders have sold 301,760 shares of company stock worth $3,615,990 in the last ninety days. Company insiders own 3.76% of the company’s stock.

Institutional Trading of Sunrun

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Fifth Third Bancorp raised its holdings in shares of Sunrun by 76.9% in the 4th quarter. Fifth Third Bancorp now owns 1,758 shares of the energy company’s stock valued at $35,000 after purchasing an additional 764 shares during the period. Retirement Systems of Alabama grew its position in Sunrun by 0.3% during the fourth quarter. Retirement Systems of Alabama now owns 272,010 shares of the energy company’s stock worth $5,340,000 after buying an additional 833 shares in the last quarter. Treasurer of the State of North Carolina increased its position in shares of Sunrun by 1.0% in the fourth quarter. Treasurer of the State of North Carolina now owns 93,585 shares of the energy company’s stock worth $1,837,000 after purchasing an additional 910 shares during the period. Manchester Capital Management LLC increased its holdings in Sunrun by 41.9% in the 4th quarter. Manchester Capital Management LLC now owns 3,178 shares of the energy company’s stock valued at $62,000 after buying an additional 938 shares during the period. Finally, Spire Wealth Management raised its position in Sunrun by 18.7% during the first quarter. Spire Wealth Management now owns 6,405 shares of the energy company’s stock valued at $84,000 after purchasing an additional 1,010 shares in the last quarter. Institutional investors and hedge funds own 91.69% of the company’s stock.

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.