Sunrun Inc. (NASDAQ:RUN) Given Average Recommendation of “Moderate Buy” by Analysts

Sunrun Inc. (NASDAQ:RUN) has received an average rating of “Moderate Buy” from the twenty research firms that are covering the stock, Marketbeat reports. Seven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $21.47.

RUN has been the subject of a number of research reports. Morgan Stanley raised their target price on Sunrun from $24.00 to $29.00 and gave the company an “overweight” rating in a research note on Friday, June 14th. Truist Financial reissued a “hold” rating and issued a $14.00 target price (down previously from $15.00) on shares of Sunrun in a research report on Monday, February 26th. Mizuho lowered their price target on Sunrun from $28.00 to $23.00 and set a “buy” rating on the stock in a research report on Friday, April 19th. Janney Montgomery Scott downgraded Sunrun from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 27th. Finally, Royal Bank of Canada reduced their price target on Sunrun from $17.00 to $15.00 and set an “outperform” rating for the company in a research note on Friday, March 15th.

Insiders Place Their Bets

In other Sunrun news, Director Edward Harris Fenster sold 172,920 shares of the company’s stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $11.95, for a total value of $2,066,394.00. Following the completion of the transaction, the director now owns 1,261,317 shares of the company’s stock, valued at approximately $15,072,738.15. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Sunrun news, Director Katherine August-Dewilde sold 23,584 shares of the company’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $13.74, for a total value of $324,044.16. Following the sale, the director now owns 89,948 shares in the company, valued at approximately $1,235,885.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Edward Harris Fenster sold 172,920 shares of the company’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $11.95, for a total value of $2,066,394.00. Following the sale, the director now owns 1,261,317 shares in the company, valued at approximately $15,072,738.15. The disclosure for this sale can be found here. Insiders sold a total of 377,143 shares of company stock valued at $4,897,079 in the last 90 days. Corporate insiders own 3.76% of the company’s stock.

Institutional Investors Weigh In On Sunrun

Several institutional investors and hedge funds have recently made changes to their positions in the business. Truist Financial Corp purchased a new stake in shares of Sunrun in the fourth quarter worth approximately $307,000. Diversified Trust Co purchased a new stake in Sunrun in the fourth quarter worth $221,000. Victory Capital Management Inc. boosted its holdings in shares of Sunrun by 579.1% in the fourth quarter. Victory Capital Management Inc. now owns 258,697 shares of the energy company’s stock worth $5,078,000 after acquiring an additional 220,605 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Sunrun by 0.7% in the third quarter. Vanguard Group Inc. now owns 19,405,097 shares of the energy company’s stock worth $243,728,000 after acquiring an additional 126,321 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Sunrun by 6.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,781,951 shares of the energy company’s stock worth $54,617,000 after acquiring an additional 179,688 shares during the period. Institutional investors own 91.69% of the company’s stock.

Sunrun Stock Performance

Shares of NASDAQ RUN opened at $13.09 on Friday. The business has a fifty day simple moving average of $12.24 and a 200 day simple moving average of $13.62. 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 firm has a market capitalization of $2.90 billion, a price-to-earnings ratio of -1.96 and a beta of 2.65. Sunrun has a one year low of $8.43 and a one year high of $23.85.

Sunrun (NASDAQ:RUN) last released 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 firm had revenue of $458.20 million during the quarter, compared to analyst estimates of $471.38 million. During the same period in the prior year, the company posted ($1.12) earnings per share. The business’s revenue for the quarter was down 22.3% compared to the same quarter last year. Sell-side analysts expect that Sunrun will post -1.27 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.