Sunrun Inc. (NASDAQ:RUN) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Sunrun Inc. (NASDAQ:RUN) have been assigned an average rating of “Moderate Buy” from the twenty-three brokerages that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation, twelve have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $19.6865.

A number of brokerages recently commented on RUN. The Goldman Sachs Group boosted their target price on Sunrun from $21.00 to $24.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Glj Research lowered Sunrun from a “hold” rating to a “sell” rating and set a $6.73 price target on the stock. in a report on Friday, February 27th. Oppenheimer raised their price objective on Sunrun from $23.00 to $25.00 and gave the company an “outperform” rating in a research note on Friday, February 27th. Jefferies Financial Group lowered Sunrun from a “buy” rating to a “hold” rating and set a $22.00 target price on the stock. in a research report on Friday, February 27th. Finally, Deutsche Bank Aktiengesellschaft set a $19.00 target price on Sunrun in a report on Wednesday, January 7th.

Sunrun Trading Up 1.4%

NASDAQ:RUN opened at $12.14 on Tuesday. The company has a current ratio of 1.66, a quick ratio of 1.27 and a debt-to-equity ratio of 3.38. The stock has a market capitalization of $2.85 billion, a price-to-earnings ratio of 7.10 and a beta of 2.43. The firm has a fifty day simple moving average of $17.61 and a two-hundred day simple moving average of $18.17. Sunrun has a 12 month low of $5.38 and a 12 month high of $22.44.

Sunrun (NASDAQ:RUN) last announced its quarterly earnings data on Thursday, February 26th. The energy company reported $0.38 earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.46. The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $610.29 million. Sunrun had a net margin of 15.22% and a return on equity of 11.72%. The business’s quarterly revenue was up 123.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.41 earnings per share. Analysts expect that Sunrun will post -0.43 EPS for the current fiscal year.

Insider Transactions at Sunrun

In related news, CRO Paul S. Dickson sold 6,119 shares of the company’s stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $17.80, for a total value of $108,918.20. Following the sale, the executive owned 639,110 shares in the company, valued at $11,376,158. This represents a 0.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Edward Harris Fenster sold 163,844 shares of the firm’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $19.95, for a total transaction of $3,268,687.80. Following the completion of the transaction, the director directly owned 1,578,895 shares in the company, valued at approximately $31,498,955.25. The trade was a 9.40% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 399,219 shares of company stock valued at $7,261,635. Corporate insiders own 3.37% of the company’s stock.

Institutional Trading of Sunrun

Institutional investors and hedge funds have recently modified their holdings of the stock. Farther Finance Advisors LLC boosted its position in shares of Sunrun by 156.9% during the fourth quarter. Farther Finance Advisors LLC now owns 1,449 shares of the energy company’s stock valued at $27,000 after buying an additional 885 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Sunrun in the 4th quarter valued at $27,000. Hantz Financial Services Inc. raised its position in Sunrun by 59.1% in the 4th quarter. Hantz Financial Services Inc. now owns 1,519 shares of the energy company’s stock valued at $28,000 after buying an additional 564 shares during the last quarter. Sycomore Asset Management bought a new position in Sunrun during the 3rd quarter valued at $28,000. Finally, Kestra Advisory Services LLC bought a new position in Sunrun during the 4th quarter valued at $30,000. 91.69% of the stock is owned by hedge funds and other institutional investors.

Sunrun Company Profile

Sunrun, Inc (NASDAQ: RUN) is a leading provider of residential solar energy systems in the United States. The company designs, installs and maintains rooftop solar panels and battery storage solutions for homeowners under flexible financing arrangements. Customers can choose from leasing, power purchase agreements or solar ownership models, all of which are supported by Sunrun’s network of installation partners and service technicians. Sunrun also offers integrated home energy management services, including its Brightbox battery storage product, which enables customers to store solar energy for use during peak hours or power outages.

Founded in 2007 by Lynn Jurich, Ed Fenster and Nat Kreamer, Sunrun is headquartered in San Francisco, California.