Sunrun (NASDAQ:RUN) Given "Sell" Rating at Glj Research

Sunrun (NASDAQ:RUN - Get Free Report)'s stock had its "sell" rating restated by investment analysts at Glj Research in a research note issued to investors on Tuesday,Benzinga reports.

A number of other equities analysts have also recently commented on RUN. Royal Bank of Canada reissued an "outperform" rating and issued a $12.00 price target on shares of Sunrun in a research note on Tuesday, June 3rd. The Goldman Sachs Group raised their price objective on Sunrun from $12.00 to $15.00 and gave the company a "buy" rating in a research note on Monday, May 19th. UBS Group dropped their target price on Sunrun from $17.00 to $12.00 and set a "buy" rating for the company in a report on Friday, May 30th. Truist Financial reissued a "hold" rating and set a $6.00 price target (down previously from $9.00) on shares of Sunrun in a research report on Wednesday, April 16th. Finally, Mizuho set a $13.00 price objective on Sunrun and gave the stock an "outperform" rating in a report on Monday, June 2nd. Five research analysts have rated the stock with a sell rating, nine have issued a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $13.72.

Sunrun Stock Performance

NASDAQ RUN traded down $3.75 during trading hours on Tuesday, reaching $5.89. 89,296,824 shares of the company were exchanged, compared to its average volume of 12,533,593. The business's 50 day simple moving average is $8.12 and its 200-day simple moving average is $8.45. The company has a quick ratio of 1.15, a current ratio of 1.47 and a debt-to-equity ratio of 1.92. Sunrun has a 1 year low of $5.41 and a 1 year high of $22.26. The stock has a market capitalization of $1.35 billion, a P/E ratio of -3.28 and a beta of 2.61.

Sunrun (NASDAQ:RUN - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The energy company reported $0.20 earnings per share for the quarter, beating the consensus estimate of ($0.22) by $0.42. The company had revenue of $504.27 million during the quarter, compared to analysts' expectations of $487.29 million. Sunrun had a negative return on equity of 5.15% and a negative net margin of 18.80%. The firm's quarterly revenue was up 10.1% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.40) earnings per share. On average, equities research analysts expect that Sunrun will post -0.43 earnings per share for the current year.

Insider Activity

In related news, CFO Danny Abajian sold 16,927 shares of the stock in a transaction on Monday, April 7th. The shares were sold at an average price of $6.74, for a total transaction of $114,087.98. Following the completion of the sale, the chief financial officer now owns 231,279 shares in the company, valued at $1,558,820.46. This represents a 6.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mary Powell sold 31,197 shares of the stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $6.74, for a total value of $210,267.78. Following the sale, the chief executive officer now directly owns 534,615 shares of the company's stock, valued at $3,603,305.10. The trade was a 5.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 88,993 shares of company stock worth $612,979. 3.37% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Sunrun

A number of large investors have recently modified their holdings of RUN. Vanguard Group Inc. boosted its holdings 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 in the last quarter. Greenvale Capital LLP increased its stake in Sunrun by 50.3% in the 4th quarter. Greenvale Capital LLP now owns 13,500,000 shares of the energy company's stock valued at $124,875,000 after purchasing an additional 4,516,793 shares in the last quarter. Alyeska Investment Group L.P. boosted its position in Sunrun by 593.9% during the fourth quarter. Alyeska Investment Group L.P. now owns 12,028,454 shares of the energy company's stock worth $111,263,000 after purchasing an additional 10,294,947 shares in the last quarter. Sylebra Capital LLC raised its stake in shares of Sunrun by 23.8% during the 1st quarter. Sylebra Capital LLC now owns 8,273,331 shares of the energy company's stock worth $48,482,000 after buying an additional 1,590,169 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Sunrun by 27.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,621,303 shares of the energy company's stock worth $61,252,000 after buying an additional 1,427,858 shares in the last quarter. 91.69% of the stock is owned by hedge funds and other institutional investors.

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.