Sunrun (NASDAQ:RUN) Raised to Strong-Buy at BNP Paribas

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.

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

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.