Sunrun Inc. (NASDAQ:RUN) Given Consensus Recommendation of "Hold" by Brokerages

Key Points

• Analysts maintain a “Hold” consensus on Sunrun, with 12 buy, 8 hold, and 2 sell ratings among 22 firms. The average 12-month price target is $16.81, though several analysts recently lowered their targets.
• Sunrun shares opened at $8.56, near their 12-month low of $8.49, and were below both their 50-day and 200-day moving averages. The stock has a $2.06 billion market capitalization and a relatively high debt-to-equity ratio of 3.34.
• The company exceeded quarterly expectations, reporting $0.42 EPS versus $0.23 expected and $869.99 million in revenue, up 52.8% year over year. Insiders have sold 173,045 shares worth approximately $2.14 million over the past 90 days, while institutional investors own 91.69% of the stock.

Sunrun Inc. (NASDAQ:RUN - Get Free Report) has earned an average rating of "Hold" from the twenty-two research firms that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $16.8128.

RUN has been the topic of several recent analyst reports. Royal Bank Of Canada lowered their price objective on shares of Sunrun from $18.00 to $14.00 and set an "outperform" rating on the stock in a research note on Thursday, August 6th. Weiss Ratings cut Sunrun from a "sell (d+)" rating to a "sell (d)" rating in a report on Tuesday, July 28th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $17.00 price target on shares of Sunrun in a research report on Friday, May 8th. Wall Street Zen upgraded Sunrun from a "sell" rating to a "hold" rating in a research note on Saturday, August 15th. Finally, Susquehanna reduced their target price on Sunrun from $18.00 to $15.00 and set a "positive" rating for the company in a research note on Friday, August 7th.

Sunrun Stock Down 2.5%

Shares of RUN stock opened at $8.56 on Tuesday. The firm has a fifty day moving average of $10.98 and a 200-day moving average of $12.97. The company has a quick ratio of 1.00, a current ratio of 1.42 and a debt-to-equity ratio of 3.34. Sunrun has a 12-month low of $8.49 and a 12-month high of $22.44. The company has a market capitalization of $2.06 billion, a price-to-earnings ratio of 5.78 and a beta of 2.36.

Sunrun (NASDAQ:RUN - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The energy company reported $0.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.23 by $0.19. Sunrun had a return on equity of 9.59% and a net margin of 11.59%.The business had revenue of $869.99 million during the quarter, compared to the consensus estimate of $746.87 million. During the same period last year, the company earned $1.07 earnings per share. Sunrun's quarterly revenue was up 52.8% on a year-over-year basis. As a group, equities research analysts predict that Sunrun will post 1.18 earnings per share for the current fiscal year.

Insider Activity at Sunrun

In other Sunrun news, CEO Mary Powell sold 23,985 shares of the stock in a transaction on Monday, July 6th. The stock was sold at an average price of $13.19, for a total transaction of $316,362.15. Following the transaction, the chief executive officer owned 1,111,535 shares in the company, valued at $14,661,146.65. This trade represents a 2.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Lynn Michelle Jurich sold 50,000 shares of the firm's stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $9.96, for a total transaction of $498,000.00. Following the transaction, the director directly owned 367,405 shares in the company, valued at approximately $3,659,353.80. This represents a 11.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 173,045 shares of company stock valued at $2,138,835 in the last 90 days. Corporate insiders own 3.55% of the company's stock.

Hedge Funds Weigh In On Sunrun

Several hedge funds and other institutional investors have recently modified their holdings of the business. Amundi raised its holdings in shares of Sunrun by 3.9% during the 2nd quarter. Amundi now owns 3,428,504 shares of the energy company's stock worth $45,845,000 after buying an additional 127,878 shares in the last quarter. Groupe la Francaise acquired a new stake in Sunrun in the second quarter valued at about $1,217,000. California State Teachers Retirement System grew its position in Sunrun by 1,275.2% in the second quarter. California State Teachers Retirement System now owns 3,674,041 shares of the energy company's stock valued at $49,159,000 after acquiring an additional 3,406,879 shares during the last quarter. AlphaGrep UK Ltd bought a new position in Sunrun in the second quarter valued at about $199,000. Finally, Nykredit A S acquired a new position in Sunrun during the second quarter worth about $78,000. Institutional investors own 91.69% of the company's stock.

Sunrun Company Profile

Sunrun, Inc NASDAQ: RUN is a leading provider of residential solar energy systems in the United States. The company designs, installs and maintains rooftop solar panels and battery storage solutions for homeowners under flexible financing arrangements. Customers can choose from leasing, power purchase agreements or solar ownership models, all of which are supported by Sunrun's network of installation partners and service technicians. Sunrun also offers integrated home energy management services, including its Brightbox battery storage product, which enables customers to store solar energy for use during peak hours or power outages.

Founded in 2007 by Lynn Jurich, Ed Fenster and Nat Kreamer, Sunrun is headquartered in San Francisco, California.

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