Sunrun Inc. (NASDAQ:RUN) Receives $22.05 Average Target Price from Analysts

Shares of Sunrun Inc. (NASDAQ:RUN - Get Free Report) have received an average rating of "Moderate Buy" from the twenty-one brokerages that are currently covering the firm, Marketbeat reports. Seven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $22.05.

Several research analysts have recently issued reports on the stock. BMO Capital Markets upped their price target on shares of Sunrun from $18.00 to $20.00 and gave the stock a "market perform" rating in a report on Thursday, February 22nd. Mizuho boosted their price objective on shares of Sunrun from $23.00 to $28.00 and gave the stock a "buy" rating in a research note on Wednesday, January 3rd. Jefferies Financial Group started coverage on shares of Sunrun in a research note on Friday, December 15th. They issued a "buy" rating and a $25.00 price objective on the stock. Royal Bank of Canada reduced their price objective on shares of Sunrun from $17.00 to $15.00 and set an "outperform" rating on the stock in a research note on Friday, March 15th. Finally, Truist Financial reissued a "hold" rating and issued a $14.00 price objective (down previously from $15.00) on shares of Sunrun in a research note on Monday, February 26th.

Insider Transactions at Sunrun

In other news, insider Jeanna Steele sold 8,187 shares of the stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $12.11, for a total transaction of $99,144.57. Following the transaction, the insider now owns 239,724 shares of the company's stock, valued at approximately $2,903,057.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CRO Paul S. Dickson sold 10,412 shares of the company's stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $12.12, for a total value of $126,193.44. Following the sale, the executive now owns 298,717 shares in the company, valued at approximately $3,620,450.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jeanna Steele sold 8,187 shares of the company's stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $12.11, for a total transaction of $99,144.57. Following the completion of the sale, the insider now owns 239,724 shares in the company, valued at approximately $2,903,057.64. The disclosure for this sale can be found here. Insiders have sold 63,730 shares of company stock valued at $763,718 in the last 90 days. 3.76% 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 business. International Assets Investment Management LLC purchased a new stake in Sunrun in the 3rd quarter valued at about $26,000. C M Bidwell & Associates Ltd. increased its stake in Sunrun by 1,483.9% in the 3rd quarter. C M Bidwell & Associates Ltd. now owns 2,360 shares of the energy company's stock valued at $30,000 after buying an additional 2,211 shares during the last quarter. Fifth Third Bancorp increased its stake in Sunrun by 76.9% in the 4th quarter. Fifth Third Bancorp now owns 1,758 shares of the energy company's stock valued at $35,000 after buying an additional 764 shares during the last quarter. Versant Capital Management Inc grew its position in shares of Sunrun by 149.7% during the 4th quarter. Versant Capital Management Inc now owns 1,880 shares of the energy company's stock valued at $37,000 after acquiring an additional 1,127 shares during the period. Finally, Hexagon Capital Partners LLC grew its position in shares of Sunrun by 69.8% during the 3rd quarter. Hexagon Capital Partners LLC now owns 3,345 shares of the energy company's stock valued at $42,000 after acquiring an additional 1,375 shares during the period. Institutional investors and hedge funds own 91.69% of the company's stock.

Sunrun Price Performance

RUN traded up $1.14 during trading on Tuesday, hitting $13.02. 14,396,146 shares of the stock traded hands, compared to its average volume of 14,598,906. Sunrun has a twelve month low of $8.43 and a twelve month high of $23.85. The company has a market cap of $2.86 billion, a price-to-earnings ratio of -1.76 and a beta of 2.46. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.26 and a quick ratio of 0.96. The business has a 50 day moving average price of $13.00 and a 200 day moving average price of $13.25.

Sunrun (NASDAQ:RUN - Get Free Report) last announced its quarterly earnings data on Wednesday, February 21st. The energy company reported ($1.33) EPS for the quarter, missing the consensus estimate of ($0.13) by ($1.20). Sunrun had a negative net margin of 71.00% and a negative return on equity of 5.58%. The firm had revenue of $516.59 million for the quarter, compared to analyst estimates of $499.74 million. Equities research analysts forecast that Sunrun will post -1.76 earnings per share for the current fiscal year.

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.