Sunrun Inc (NASDAQ:RUN) Given Consensus Rating of “Buy” by Brokerages

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Shares of Sunrun Inc (NASDAQ:RUN) have been assigned a consensus recommendation of “Buy” from the twelve ratings firms that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $21.93.

A number of equities research analysts have recently weighed in on the stock. Credit Suisse Group lifted their target price on shares of Sunrun from $24.00 to $30.00 and gave the company an “outperform” rating in a research note on Wednesday, February 26th. Zacks Investment Research lowered shares of Sunrun from a “hold” rating to a “strong sell” rating in a research note on Saturday, February 29th. JMP Securities cut their target price on shares of Sunrun from to in a research note on Friday, March 20th. JPMorgan Chase & Co. lifted their target price on shares of Sunrun from $22.00 to $25.00 and gave the company an “overweight” rating in a research note on Thursday, March 5th. Finally, BidaskClub lowered shares of Sunrun from a “buy” rating to a “hold” rating in a research note on Thursday, March 19th.

Shares of RUN traded up $0.18 during trading hours on Thursday, reaching $12.34. 200,058 shares of the company traded hands, compared to its average volume of 3,776,552. The company’s fifty day moving average price is $17.37 and its two-hundred day moving average price is $15.91. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of 61.90, a price-to-earnings-growth ratio of 8.21 and a beta of 0.39. The company has a quick ratio of 0.89, a current ratio of 1.38 and a debt-to-equity ratio of 1.92. Sunrun has a 12 month low of $7.84 and a 12 month high of $23.66.

Sunrun (NASDAQ:RUN) last announced its earnings results on Thursday, February 27th. The energy company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.17). The company had revenue of $243.94 million for the quarter, compared to the consensus estimate of $225.78 million. Sunrun had a net margin of 3.07% and a return on equity of 2.07%. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.05) EPS. On average, analysts expect that Sunrun will post 0.14 EPS for the current year.

In other news, CEO Lynn Michelle Jurich sold 44,041 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $7.93, for a total transaction of $349,245.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Robert Patrick Jr. Komin sold 17,321 shares of the company’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $14.50, for a total transaction of $251,154.50. The disclosure for this sale can be found here. Insiders sold 719,363 shares of company stock valued at $11,742,163 over the last ninety days. Corporate insiders own 9.34% of the company’s stock.

Several large investors have recently modified their holdings of RUN. Marshall Wace North America L.P. bought a new position in shares of Sunrun during the fourth quarter worth $39,000. Citizens Financial Group Inc RI purchased a new stake in Sunrun during the fourth quarter valued at $55,000. Penserra Capital Management LLC raised its stake in Sunrun by 13.7% during the fourth quarter. Penserra Capital Management LLC now owns 4,195 shares of the energy company’s stock valued at $57,000 after purchasing an additional 505 shares in the last quarter. Allworth Financial LP purchased a new stake in Sunrun during the fourth quarter valued at $62,000. Finally, Great West Life Assurance Co. Can raised its stake in Sunrun by 15.5% during the fourth quarter. Great West Life Assurance Co. Can now owns 4,932 shares of the energy company’s stock valued at $68,000 after purchasing an additional 662 shares in the last quarter. Hedge funds and other institutional investors own 85.76% of the company’s stock.

About Sunrun

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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Analyst Recommendations for Sunrun (NASDAQ:RUN)

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