Sunrun (NASDAQ:RUN) Trading 4.7% Higher

Shares of Sunrun Inc. (NASDAQ:RUN) were up 4.7% during trading on Monday . The stock traded as high as $20.34 and last traded at $20.32. Approximately 2,442,286 shares traded hands during trading, a decline of 82% from the average daily volume of 13,316,655 shares. The stock had previously closed at $19.40.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft upped their target price on Sunrun from $12.00 to $16.50 and gave the company a “hold” rating in a research report on Thursday, August 8th. BMO Capital Markets increased their price objective on shares of Sunrun from $17.00 to $20.00 and gave the company a “market perform” rating in a research report on Wednesday, August 7th. UBS Group boosted their target price on shares of Sunrun from $14.00 to $18.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Jefferies Financial Group decreased their price target on shares of Sunrun from $32.00 to $26.00 and set a “buy” rating for the company in a report on Thursday, May 9th. Finally, The Goldman Sachs Group boosted their price objective on shares of Sunrun from $18.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $22.98.

Sunrun Stock Performance

The stock has a 50-day moving average of $15.57 and a 200 day moving average of $13.56. The stock has a market cap of $4.35 billion, a PE ratio of -2.94 and a beta of 2.61. The company has a quick ratio of 1.31, a current ratio of 1.66 and a debt-to-equity ratio of 1.84.

Sunrun (NASDAQ:RUN) last released its quarterly earnings data on Tuesday, August 6th. The energy company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.33) by $0.88. The firm had revenue of $523.87 million during the quarter, compared to analysts’ expectations of $516.76 million. Sunrun had a negative net margin of 66.36% and a negative return on equity of 2.41%. Sunrun’s revenue was down 11.2% compared to the same quarter last year. During the same period last year, the business earned $0.25 earnings per share. Equities analysts predict that Sunrun Inc. will post -0.48 EPS for the current fiscal year.

Insider Activity at Sunrun

In other news, CEO Mary Powell sold 1,741 shares of the business’s stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $14.86, for a total value of $25,871.26. Following the sale, 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Mary Powell sold 1,741 shares of Sunrun stock in a transaction on Friday, May 31st. The stock was sold at an average price of $14.86, for a total value of $25,871.26. Following the completion of the sale, the chief executive officer now directly owns 589,927 shares of the company’s stock, valued at $8,766,315.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Edward Harris Fenster sold 9,248 shares of the stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $15.00, for a total value of $138,720.00. Following the transaction, the director now directly owns 1,252,069 shares in the company, valued at approximately $18,781,035. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 288,918 shares of company stock worth $4,352,381. Company insiders own 3.76% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of RUN. Vanguard Group Inc. lifted 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 purchasing an additional 2,743,148 shares during the last quarter. Greenvale Capital LLP lifted its holdings in Sunrun by 20.5% during the 2nd quarter. Greenvale Capital LLP now owns 11,750,000 shares of the energy company’s stock worth $139,355,000 after buying an additional 2,000,000 shares during the last quarter. Robeco Schweiz AG boosted its position 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 acquiring an additional 876,000 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Sunrun by 20.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,385,218 shares of the energy company’s stock valued at $52,025,000 after acquiring an additional 729,633 shares during the last quarter. Finally, Sylebra Capital LLC acquired a new stake in shares of Sunrun during the 2nd quarter worth about $35,387,000. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

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.