Brokerages Set Sunrun Inc. (NASDAQ:RUN) Price Target at $21.26

Shares of Sunrun Inc. (NASDAQ:RUN - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the twenty ratings firms that are currently covering the company, MarketBeat reports. Seven analysts have rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $21.26.

RUN has been the topic of several recent analyst reports. The Goldman Sachs Group upped their price objective on shares of Sunrun from $20.00 to $21.00 and gave the company a "buy" rating in a research note on Thursday, February 22nd. Janney Montgomery Scott downgraded shares of Sunrun from a "buy" rating to a "neutral" rating in a research note on Tuesday, February 27th. BMO Capital Markets raised their target price on shares of Sunrun from $18.00 to $20.00 and gave the stock a "market perform" rating in a research report on Thursday, February 22nd. Susquehanna reaffirmed a "positive" rating and set a $25.00 price target on shares of Sunrun in a research report on Friday, April 5th. Finally, Truist Financial reaffirmed a "hold" rating and set a $14.00 price target (down previously from $15.00) on shares of Sunrun in a research note on Monday, February 26th.

Insider Buying and Selling

In related news, Director Edward Harris Fenster sold 172,920 shares of Sunrun stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $11.95, for a total value of $2,066,394.00. Following the completion of the sale, the director now owns 1,261,317 shares in the company, valued at $15,072,738.15. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Edward Harris Fenster sold 172,920 shares of Sunrun stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $11.95, for a total value of $2,066,394.00. Following the completion of the transaction, the director now directly owns 1,261,317 shares in the company, valued at $15,072,738.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mary Powell sold 5,424 shares of the company's stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $12.12, for a total value of $65,738.88. Following the sale, the chief executive officer now owns 411,628 shares in the company, valued at approximately $4,988,931.36. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 301,760 shares of company stock worth $3,615,990. 3.76% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Sunrun

A number of hedge funds and other institutional investors have recently bought and sold shares of RUN. SG Americas Securities LLC bought a new position in Sunrun in the 3rd quarter worth about $600,000. Xponance Inc. raised its stake in Sunrun by 15.8% during the 3rd quarter. Xponance Inc. now owns 30,143 shares of the energy company's stock valued at $379,000 after acquiring an additional 4,120 shares in the last quarter. Raymond James & Associates boosted its position in Sunrun by 45.7% during the 3rd quarter. Raymond James & Associates now owns 126,750 shares of the energy company's stock worth $1,592,000 after acquiring an additional 39,732 shares during the period. Stratos Wealth Partners LTD. grew its stake in shares of Sunrun by 18.2% in the third quarter. Stratos Wealth Partners LTD. now owns 12,794 shares of the energy company's stock worth $161,000 after purchasing an additional 1,970 shares in the last quarter. Finally, Brown Advisory Inc. acquired a new position in shares of Sunrun during the third quarter valued at $182,000. 91.69% of the stock is currently owned by institutional investors and hedge funds.

Sunrun Price Performance

Shares of NASDAQ RUN traded up $0.95 during trading on Friday, reaching $11.90. The company had a trading volume of 12,453,588 shares, compared to its average volume of 10,871,972. The company has a current ratio of 1.26, a quick ratio of 0.96 and a debt-to-equity ratio of 1.68. Sunrun has a twelve month low of $8.43 and a twelve month high of $23.85. The stock has a 50-day moving average price of $11.35 and a two-hundred day moving average price of $13.11. The stock has a market capitalization of $2.64 billion, a PE ratio of -1.61 and a beta of 2.50.

Sunrun (NASDAQ:RUN - Get Free Report) last announced its earnings results on Wednesday, February 21st. The energy company reported ($1.33) earnings per share 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 during the quarter, compared to analyst estimates of $499.74 million. As a group, sell-side analysts predict that Sunrun will post -1.69 earnings per share for the current 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.