Sunrun Inc. (NASDAQ:RUN) Stock Has Consensus Target Price of $16.70 According to Brokerages

Key Points

• Sunrun has a consensus “Hold” rating from 22 analysts, with 12 buys, eight holds, and two sells. The average 12-month price target is $16.70, well above the reported share price of $8.11.
• Sunrun exceeded quarterly expectations, reporting adjusted earnings of $0.42 per share versus a $0.23 consensus estimate and revenue of $869.99 million, up 52.8% year over year.
• Insiders sold 171,015 shares worth approximately $2.11 million over the past three months, while institutional investors and hedge funds own 91.69% of the company.

Sunrun Inc. (NASDAQ:RUN - Get Free Report) has earned a consensus rating of "Hold" from the twenty-two ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $16.70.

Several equities analysts recently weighed in on the stock. Citigroup decreased their target price on shares of Sunrun from $20.00 to $16.00 and set a "buy" rating for the company in a research note on Friday, August 7th. Zacks Research lowered shares of Sunrun from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 2nd. Weiss Ratings cut shares of Sunrun from a "sell (d+)" rating to a "sell (d)" rating in a research note on Thursday. Susquehanna decreased their price objective on shares of Sunrun from $18.00 to $15.00 and set a "positive" rating for the company in a research report on Friday, August 7th. Finally, Oppenheimer restated an "outperform" rating and set a $20.00 price objective on shares of Sunrun in a research note on Thursday, August 6th.

Insiders Place Their Bets

In related news, CEO Mary Powell sold 23,985 shares of Sunrun stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $13.19, for a total transaction of $316,362.15. Following the completion of the transaction, the chief executive officer owned 1,111,535 shares in the company, valued at approximately $14,661,146.65. This trade represents a 2.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Lynn Jurich sold 50,000 shares of Sunrun stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $9.96, for a total value of $498,000.00. Following the transaction, the director owned 367,405 shares of the company's stock, valued at $3,659,353.80. The trade was a 11.98% decrease in their position. 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 sold a total of 171,015 shares of company stock worth $2,111,653 in the last three months. Insiders own 3.55% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in RUN. U S Wealth Group LLC. grew its holdings in Sunrun by 23.1% in the 2nd quarter. U S Wealth Group LLC. now owns 95,946 shares of the energy company's stock valued at $1,284,000 after buying an additional 18,006 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of Sunrun during the second quarter worth $594,000. Engineers Gate Manager LP acquired a new stake in shares of Sunrun during the second quarter worth $328,000. Nykredit A S bought a new stake in Sunrun in the 2nd quarter valued at about $78,000. Finally, Amundi increased its holdings in shares of Sunrun by 3.9% during the second quarter. Amundi now owns 3,428,504 shares of the energy company's stock worth $45,845,000 after purchasing an additional 127,878 shares during the period. 91.69% of the stock is owned by institutional investors and hedge funds.

Sunrun Stock Performance

Shares of NASDAQ RUN opened at $8.11 on Friday. The company has a debt-to-equity ratio of 3.34, a quick ratio of 1.00 and a current ratio of 1.42. The stock has a 50 day moving average price of $9.37 and a 200 day moving average price of $11.86. The stock has a market capitalization of $1.95 billion, a PE ratio of 5.48 and a beta of 2.37. Sunrun has a 52 week low of $7.75 and a 52 week high of $22.44.

Sunrun (NASDAQ:RUN - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The energy company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.19. Sunrun had a return on equity of 9.59% and a net margin of 11.59%.The firm had revenue of $869.99 million for the quarter, compared to analyst estimates of $746.87 million. During the same quarter in the previous year, the firm earned $1.07 EPS. The business's quarterly revenue was up 52.8% on a year-over-year basis. Analysts predict that Sunrun will post 1.19 earnings per share for the current fiscal year.

About Sunrun

Sunrun Inc is a provider of residential solar energy and battery-storage solutions. The company designs, sells, installs, owns and maintains solar energy systems for homeowners, helping customers generate electricity on-site and reduce reliance on conventional utility power.

Sunrun offers solar systems through customer purchase arrangements as well as subscription-based plans, including leases and power purchase agreements. Under these arrangements, Sunrun may retain ownership of the system and provide ongoing monitoring, maintenance and customer support.

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