Sunrun (NASDAQ:RUN) Upgraded by BNP Paribas to Strong-Buy Rating

Sunrun (NASDAQ:RUN - Get Free Report) was upgraded by stock analysts at 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. Wall Street Zen lowered Sunrun from a "hold" rating to a "sell" rating in a research note on Friday, June 6th. KeyCorp reaffirmed an "underweight" rating and issued a $6.00 price target on shares of Sunrun in a research note on Tuesday, June 17th. Royal Bank Of Canada lowered Sunrun from an "outperform" rating to a "sector perform" rating and dropped their price objective for the company from $12.00 to $5.00 in a research note on Wednesday, June 18th. Jefferies Financial Group downgraded shares of Sunrun from a "hold" rating to an "underperform" rating and decreased their target price for the stock from $6.00 to $5.00 in a research note on Wednesday, June 11th. Finally, The Goldman Sachs Group increased their price target on shares of Sunrun from $12.00 to $15.00 and gave the company a "buy" rating in a research report on Monday, May 19th. Three analysts have rated the stock with a sell rating, ten have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Sunrun currently has an average rating of "Hold" and a consensus price target of $13.97.

Sunrun Price Performance

Shares of Sunrun stock traded down $0.76 on Monday, hitting $10.11. 15,610,645 shares of the company traded hands, compared to its average volume of 13,541,119. Sunrun has a 12-month low of $5.38 and a 12-month 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 cap of $2.31 billion, a P/E ratio of -0.83 and a beta of 2.60. The firm's 50-day simple moving average is $8.72 and its 200 day simple moving average is $8.22.

Sunrun (NASDAQ:RUN - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The energy company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.22) by $0.42. The firm had revenue of $504.27 million during the quarter, compared to analyst estimates of $487.29 million. Sunrun had a positive return on equity of 9.42% and a negative net margin of 129.97%. The company's revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.40) earnings per share. Analysts expect that Sunrun will post -0.43 earnings per share for the current fiscal year.

Insider Transactions at Sunrun

In other news, CRO Paul S. Dickson sold 8,010 shares of Sunrun stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $10.81, for a total value of $86,588.10. Following the completion of the transaction, the executive owned 679,044 shares of the company's stock, valued at $7,340,465.64. The trade was a 1.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeanna Steele sold 3,668 shares of the stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $10.80, for a total transaction of $39,614.40. Following the sale, the insider directly owned 439,620 shares in the company, valued at $4,747,896. This trade represents a 0.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 41,939 shares of company stock valued at $430,264. 3.37% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Sunrun

Institutional investors and hedge funds have recently made changes to their positions in the company. Baader Bank Aktiengesellschaft purchased a new position in Sunrun in the 2nd quarter worth about $118,000. Focus Partners Wealth raised its holdings in shares of Sunrun by 21.2% during the first quarter. Focus Partners Wealth now owns 12,702 shares of the energy company's stock valued at $74,000 after purchasing an additional 2,226 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Sunrun by 14.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 760,758 shares of the energy company's stock valued at $4,458,000 after purchasing an additional 98,547 shares during the last quarter. United Services Automobile Association bought a new position in Sunrun during the first quarter valued at approximately $87,000. Finally, Caxton Associates LLP purchased a new stake in Sunrun in the first quarter worth approximately $2,045,000. Institutional investors own 91.69% of the company's stock.

Sunrun Company Profile

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.