Sunrun (NASDAQ:RUN) Shares Up 5.6%

Sunrun Inc. (NASDAQ:RUN) shares were up 5.6% on Tuesday . The company traded as high as $13.36 and last traded at $13.36. Approximately 4,627,204 shares changed hands during trading, a decline of 65% from the average daily volume of 13,217,267 shares. The stock had previously closed at $12.65.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Mizuho decreased their price objective on shares of Sunrun from $28.00 to $23.00 and set a “buy” rating on the stock in a report on Friday, April 19th. Morgan Stanley raised their price target on Sunrun from $24.00 to $29.00 and gave the stock an “overweight” rating in a research report on Friday, June 14th. Royal Bank of Canada decreased their target price on Sunrun from $17.00 to $15.00 and set an “outperform” rating on the stock in a research note on Friday, March 15th. Susquehanna lowered their target price on Sunrun from $25.00 to $23.00 and set a “positive” rating for the company in a report on Thursday, May 9th. Finally, Jefferies Financial Group cut their price target on shares of Sunrun from $32.00 to $26.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $21.47.

Sunrun Price Performance

The stock’s 50-day moving average is $12.92 and its 200 day moving average is $13.29. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.99 and a current ratio of 1.31. The stock has a market capitalization of $3.56 billion, a PE ratio of -2.41 and a beta of 2.61.

Sunrun (NASDAQ:RUN) last issued its quarterly earnings data on Wednesday, May 8th. The energy company reported ($0.40) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.49) by $0.09. Sunrun had a negative return on equity of 3.58% and a negative net margin of 68.22%. The company had revenue of $458.20 million for the quarter, compared to analyst estimates of $471.38 million. During the same quarter last year, the company posted ($1.12) earnings per share. The business’s quarterly revenue was down 22.3% compared to the same quarter last year. As a group, equities analysts expect that Sunrun Inc. will post -1.27 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Jeanna Steele sold 2,513 shares of the stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $12.61, for a total value of $31,688.93. Following the completion of the sale, the insider now directly owns 312,774 shares of the company’s stock, valued at $3,944,080.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Lynn Michelle Jurich sold 50,000 shares of the firm’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $12.11, for a total transaction of $605,500.00. Following the transaction, the director now owns 1,344,383 shares of the company’s stock, valued at $16,280,478.13. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jeanna Steele sold 2,513 shares of the business’s stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $12.61, for a total value of $31,688.93. Following the completion of the transaction, the insider now owns 312,774 shares in the company, valued at approximately $3,944,080.14. The disclosure for this sale can be found here. Insiders have sold a total of 205,712 shares of company stock valued at $2,859,761 over the last quarter. Company insiders own 3.76% of the company’s stock.

Hedge Funds Weigh In On Sunrun

Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Sunrun by 14.0% in the first quarter. Vanguard Group Inc. now owns 22,325,106 shares of the energy company’s stock valued at $294,245,000 after buying an additional 2,743,148 shares in the last quarter. Greenvale Capital LLP boosted its position in shares of Sunrun by 15.3% during the 4th quarter. Greenvale Capital LLP now owns 8,300,000 shares of the energy company’s stock worth $162,929,000 after purchasing an additional 1,100,000 shares in the last quarter. Robeco Schweiz AG grew its stake in shares of Sunrun by 23.5% during the 1st quarter. Robeco Schweiz AG now owns 4,611,300 shares of the energy company’s stock worth $60,777,000 after purchasing an additional 876,000 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Sunrun by 6.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,781,951 shares of the energy company’s stock valued at $54,617,000 after purchasing an additional 179,688 shares in the last quarter. Finally, Deutsche Bank AG lifted its stake in shares of Sunrun by 112.9% in the third quarter. Deutsche Bank AG now owns 2,226,821 shares of the energy company’s stock valued at $27,969,000 after purchasing an additional 1,180,823 shares during the period. 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.