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

Shares of Sunrun Inc. (NASDAQ:RUN) have earned an average recommendation of “Moderate Buy” from the twenty-two brokerages that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $18.36.

Several brokerages have recently issued reports on RUN. BNP Paribas upgraded Sunrun from a “neutral” rating to an “outperform” rating and set a $16.00 price objective for the company in a research note on Tuesday, January 7th. Susquehanna dropped their target price on Sunrun from $24.00 to $23.00 and set a “positive” rating on the stock in a research report on Wednesday, October 16th. Oppenheimer decreased their price objective on shares of Sunrun from $22.00 to $20.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. Roth Mkm lowered their price target on shares of Sunrun from $35.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. Finally, Guggenheim lowered Sunrun from a “buy” rating to a “neutral” rating in a report on Thursday, November 7th.

Sunrun Trading Down 3.9 %

Shares of Sunrun stock opened at $9.05 on Monday. The firm has a market cap of $2.03 billion, a price-to-earnings ratio of -4.97 and a beta of 2.58. Sunrun has a twelve month low of $8.22 and a twelve month high of $22.26. The company has a quick ratio of 1.15, a current ratio of 1.47 and a debt-to-equity ratio of 1.92. The business has a 50-day moving average price of $10.16 and a 200-day moving average price of $14.30.

Sunrun (NASDAQ:RUN) last announced its quarterly earnings data on Thursday, November 7th. The energy company reported ($0.37) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.21). The firm had revenue of $537.17 million during the quarter, compared to the consensus estimate of $560.60 million. Sunrun had a negative return on equity of 5.15% and a negative net margin of 18.80%. During the same period in the previous year, the business earned $0.40 EPS. Equities research analysts anticipate that Sunrun will post -0.43 EPS for the current fiscal year.

Insider Transactions at Sunrun

In other news, CEO Mary Powell sold 4,350 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $11.18, for a total value of $48,633.00. Following the completion of the sale, the chief executive officer now owns 560,321 shares of the company’s stock, valued at approximately $6,264,388.78. The trade was a 0.77 % decrease in their position. 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 stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $9.59, for a total value of $479,500.00. Following the transaction, the director now directly owns 991,753 shares in the company, valued at approximately $9,510,911.27. This represents a 4.80 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 164,830 shares of company stock valued at $1,614,147. Corporate insiders own 3.77% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Erste Asset Management GmbH bought a new position in Sunrun in the 3rd quarter worth approximately $76,152,000. FMR LLC raised its stake in shares of Sunrun by 83.6% during the third quarter. FMR LLC now owns 3,430,327 shares of the energy company’s stock valued at $61,952,000 after purchasing an additional 1,562,163 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in Sunrun by 113.5% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,515,302 shares of the energy company’s stock worth $45,426,000 after purchasing an additional 1,337,302 shares during the period. Assenagon Asset Management S.A. grew its position in Sunrun by 207.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,375,584 shares of the energy company’s stock valued at $24,843,000 after buying an additional 927,947 shares in the last quarter. Finally, Sora Investors LLC bought a new stake in shares of Sunrun during the 3rd quarter worth about $8,127,000. 91.69% of the stock is currently owned by 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.