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

Sunrun Inc. (NASDAQ:RUN) has been assigned an average rating of “Moderate Buy” from the twenty-two analysts that are covering the company, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold recommendation and fourteen have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $22.98.

Several analysts recently weighed in on the company. Morgan Stanley raised their price objective on Sunrun from $31.00 to $35.00 and gave the company an “overweight” rating in a research note on Wednesday, August 21st. StockNews.com raised shares of Sunrun to a “sell” rating in a report on Thursday, August 8th. Barclays upped their price objective on shares of Sunrun from $16.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 23rd. JPMorgan Chase & Co. raised their target price on shares of Sunrun from $19.00 to $22.00 and gave the company an “overweight” rating in a research report on Wednesday, August 7th. Finally, The Goldman Sachs Group upped their price target on shares of Sunrun from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, August 8th.

Insider Activity

In other Sunrun news, Director Lynn Michelle Jurich sold 50,000 shares of the company’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $12.11, for a total transaction of $605,500.00. Following the sale, the director now owns 1,344,383 shares of the company’s stock, valued at $16,280,478.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Sunrun news, Director Lynn Michelle Jurich sold 50,000 shares of Sunrun stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $12.11, for a total value of $605,500.00. Following the completion of the sale, the director now directly owns 1,344,383 shares in the company, valued at $16,280,478.13. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Mary Powell sold 2,148 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $18.79, for a total value of $40,360.92. Following the transaction, the chief executive officer now owns 579,193 shares in the company, valued at $10,883,036.47. The disclosure for this sale can be found here. In the last three months, insiders have sold 229,877 shares of company stock valued at $3,573,753. 3.76% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Sunrun

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in shares of Sunrun by 14.0% in the 1st quarter. Vanguard Group Inc. now owns 22,325,106 shares of the energy company’s stock valued at $294,245,000 after buying an additional 2,743,148 shares during the period. Greenvale Capital LLP grew its stake in Sunrun by 20.5% in the second quarter. Greenvale Capital LLP now owns 11,750,000 shares of the energy company’s stock valued at $139,355,000 after acquiring an additional 2,000,000 shares during the period. Robeco Schweiz AG increased its holdings in shares of Sunrun by 23.5% during the first quarter. Robeco Schweiz AG now owns 4,611,300 shares of the energy company’s stock valued at $60,777,000 after acquiring an additional 876,000 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Sunrun by 20.0% during the second quarter. Dimensional Fund Advisors LP now owns 4,385,218 shares of the energy company’s stock worth $52,025,000 after buying an additional 729,633 shares during the last quarter. Finally, Sylebra Capital LLC bought a new stake in shares of Sunrun during the second quarter worth about $35,387,000. 91.69% of the stock is owned by institutional investors.

Sunrun Stock Performance

Shares of Sunrun stock opened at $19.26 on Friday. The company has a current ratio of 1.66, a quick ratio of 1.31 and a debt-to-equity ratio of 1.84. The company has a market cap of $4.31 billion, a PE ratio of -2.89 and a beta of 2.59. The company has a 50 day moving average of $17.25 and a 200-day moving average of $13.96. Sunrun has a 1-year low of $8.43 and a 1-year high of $22.26.

Sunrun (NASDAQ:RUN) last released its earnings results on Tuesday, August 6th. The energy company reported $0.55 earnings per share 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 return on equity of 2.41% and a negative net margin of 66.36%. The company’s quarterly revenue was down 11.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.25 earnings per share. As a group, equities research analysts forecast that Sunrun will post -0.37 earnings per share for the current fiscal 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.