Sunrun (NASDAQ:RUN - Get Free Report) was upgraded by BNP Paribas from a "hold" rating to a "strong-buy" rating in a report issued on Monday,Zacks.com reports.
RUN has been the subject of a number of other research reports. Mizuho set a $13.00 target price on shares of Sunrun and gave the stock an "outperform" rating in a research report on Monday, June 2nd. Wells Fargo & Company cut their target price on shares of Sunrun from $10.00 to $8.00 and set an "overweight" rating for the company in a research report on Wednesday, June 25th. Jefferies Financial Group downgraded shares of Sunrun from a "hold" rating to an "underperform" rating and cut their price target for the company from $6.00 to $5.00 in a report on Wednesday, June 11th. Royal Bank Of Canada downgraded shares of Sunrun from an "outperform" rating to a "sector perform" rating and cut their price target for the company from $12.00 to $5.00 in a report on Wednesday, June 18th. Finally, Susquehanna cut their price target on shares of Sunrun from $13.00 to $10.00 and set a "positive" rating on the stock in a report on Monday, April 14th. Three analysts have rated the stock with a sell rating, ten have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $13.97.
Read Our Latest Report on Sunrun
Sunrun Stock Up 2.6%
RUN stock traded up $0.26 during midday trading on Monday, reaching $10.10. The company had a trading volume of 6,097,363 shares, compared to its average volume of 13,491,818. Sunrun has a 1 year low of $5.38 and a 1 year high of $22.26. The company has a current ratio of 1.32, a quick ratio of 0.99 and a debt-to-equity ratio of 3.89. The company has a market capitalization of $2.31 billion, a P/E ratio of -0.83 and a beta of 2.60. The company has a 50 day moving average of $8.52 and a two-hundred day moving average of $8.20.
Sunrun (NASDAQ:RUN - Get Free Report) last released its earnings results on Wednesday, May 7th. The energy company reported $0.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.22) by $0.42. Sunrun had a negative net margin of 129.97% and a positive return on equity of 9.42%. The company had revenue of $504.27 million during the quarter, compared to the consensus estimate of $487.29 million. During the same quarter in the prior year, the firm earned ($0.40) EPS. The company's revenue was up 10.1% compared to the same quarter last year. On average, equities research analysts expect that Sunrun will post -0.43 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Sunrun news, Director Edward Harris Fenster bought 50,000 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were acquired at an average price of $10.87 per share, with a total value of $543,500.00. Following the completion of the purchase, the director directly owned 1,408,182 shares in the company, valued at $15,306,938.34. The trade was a 3.68% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders have sold a total of 8,855 shares of company stock valued at $72,877 over the last quarter. Insiders own 3.37% of the company's stock.
Institutional Trading of Sunrun
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in Sunrun by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 23,749,115 shares of the energy company's stock worth $219,679,000 after buying an additional 343,448 shares during the last quarter. Greenvale Capital LLP lifted its position in shares of Sunrun by 50.3% during the fourth quarter. Greenvale Capital LLP now owns 13,500,000 shares of the energy company's stock worth $124,875,000 after purchasing an additional 4,516,793 shares in the last quarter. Alyeska Investment Group L.P. lifted its holdings in Sunrun by 593.9% in the fourth quarter. Alyeska Investment Group L.P. now owns 12,028,454 shares of the energy company's stock valued at $111,263,000 after buying an additional 10,294,947 shares during the period. Sylebra Capital LLC lifted its holdings in Sunrun by 23.8% in the first quarter. Sylebra Capital LLC now owns 8,273,331 shares of the energy company's stock valued at $48,482,000 after buying an additional 1,590,169 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in Sunrun by 27.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,621,303 shares of the energy company's stock valued at $61,252,000 after buying an additional 1,427,858 shares during the period. Institutional investors own 91.69% of the company's stock.
Sunrun Company Profile
(
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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.
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