Sunrun Inc. (NASDAQ:RUN) Receives Consensus Rating of “Moderate Buy” from Analysts

Sunrun Inc. (NASDAQ:RUN) has been given an average rating of “Moderate Buy” by the twenty ratings firms that are presently covering the firm, MarketBeat reports. Seven research analysts have rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $21.32.

Several equities research analysts recently issued reports on the stock. Jefferies Financial Group dropped 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. Mizuho dropped their price target on shares of Sunrun from $28.00 to $23.00 and set a “buy” rating on the stock in a research note on Friday, April 19th. Morgan Stanley lifted their price target on shares of Sunrun from $24.00 to $29.00 and gave the stock an “overweight” rating in a research note on Friday, June 14th. Piper Sandler lifted their price target on shares of Sunrun from $15.00 to $20.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, JPMorgan Chase & Co. boosted their target price on shares of Sunrun from $14.00 to $19.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 16th.

Insider Activity

In other Sunrun news, Director Lynn Michelle Jurich sold 50,000 shares of the business’s stock in a transaction dated Friday, July 19th. The shares were sold at an average price of $16.93, for a total transaction of $846,500.00. Following the completion of the transaction, the director now directly owns 1,294,383 shares of the company’s stock, valued at approximately $21,913,904.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Sunrun news, CEO Mary Powell sold 1,741 shares of the business’s stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $14.86, for a total transaction of $25,871.26. Following the completion of the transaction, the chief executive officer now directly owns 589,927 shares of the company’s stock, valued at approximately $8,766,315.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lynn Michelle Jurich sold 50,000 shares of the business’s stock in a transaction dated Friday, July 19th. The shares were sold at an average price of $16.93, for a total transaction of $846,500.00. Following the transaction, the director now directly owns 1,294,383 shares of the company’s stock, valued at $21,913,904.19. The disclosure for this sale can be found here. In the last three months, insiders sold 255,712 shares of company stock valued at $3,706,261. 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 made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Sunrun by 14.0% during the 1st quarter. Vanguard Group Inc. now owns 22,325,106 shares of the energy company’s stock worth $294,245,000 after buying an additional 2,743,148 shares in the last quarter. Greenvale Capital LLP raised its holdings in shares of Sunrun by 15.3% in 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 raised its holdings in shares of Sunrun by 23.5% in 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 in the last quarter. Dimensional Fund Advisors LP raised 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 worth $54,617,000 after purchasing an additional 179,688 shares in the last quarter. Finally, First Trust Advisors LP raised its holdings in shares of Sunrun by 36.0% in the 4th quarter. First Trust Advisors LP now owns 2,172,728 shares of the energy company’s stock worth $42,651,000 after purchasing an additional 575,293 shares in the last quarter. 91.69% of the stock is currently owned by institutional investors.

Sunrun Stock Performance

Shares of RUN stock opened at $16.94 on Thursday. The company’s fifty day simple moving average is $13.63 and its 200-day simple moving average is $13.09. Sunrun has a 52 week low of $8.43 and a 52 week high of $22.16. The company has a current ratio of 1.31, a quick ratio of 0.99 and a debt-to-equity ratio of 1.84. The company has a market cap of $3.75 billion, a PE ratio of -2.54 and a beta of 2.61.

Sunrun (NASDAQ:RUN) last issued its earnings results on Wednesday, May 8th. The energy company reported ($0.40) EPS for the quarter, beating analysts’ consensus estimates of ($0.49) by $0.09. Sunrun had a negative net margin of 68.22% and a negative return on equity of 3.58%. The business had revenue of $458.20 million for the quarter, compared to the consensus estimate of $471.38 million. During the same quarter last year, the firm posted ($1.12) EPS. The business’s revenue for the quarter was down 22.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Sunrun will post -1.25 EPS for the current year.

About Sunrun

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.