Sunrun (NASDAQ:RUN) Trading 4.4% Higher

Sunrun Inc. (NASDAQ:RUN - Get Free Report) shot up 4.4% during trading on Tuesday . The company traded as high as $11.52 and last traded at $11.37. 2,635,351 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 14,177,678 shares. The stock had previously closed at $10.89.

Analyst Ratings Changes

A number of analysts have weighed in on RUN shares. The Goldman Sachs Group boosted their price target on Sunrun from $20.00 to $21.00 and gave the stock a "buy" rating in a research report on Thursday, February 22nd. KeyCorp reaffirmed a "sector weight" rating on shares of Sunrun in a research report on Thursday, January 4th. Oppenheimer reaffirmed an "outperform" rating and issued a $19.00 price target on shares of Sunrun in a research report on Thursday, February 22nd. Mizuho boosted their price target on Sunrun from $23.00 to $28.00 and gave the stock a "buy" rating in a research report on Wednesday, January 3rd. Finally, Piper Sandler reduced their price target on Sunrun from $31.00 to $27.00 and set an "overweight" rating for the company in a research report on Thursday, February 22nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, Sunrun currently has an average rating of "Moderate Buy" and a consensus target price of $21.85.

Sunrun Trading Up 3.6 %

The company's fifty day moving average price is $13.26 and its two-hundred day moving average price is $13.37. The company has a current ratio of 1.26, a quick ratio of 0.96 and a debt-to-equity ratio of 1.68. The firm has a market cap of $2.48 billion, a P/E ratio of -1.53 and a beta of 2.45.

Sunrun (NASDAQ:RUN - Get Free Report) last issued its quarterly earnings data on Wednesday, February 21st. The energy company reported ($1.33) EPS for the quarter, missing analysts' consensus estimates of ($0.13) by ($1.20). Sunrun had a negative return on equity of 5.58% and a negative net margin of 71.00%. The company had revenue of $516.59 million for the quarter, compared to the consensus estimate of $499.74 million. As a group, sell-side analysts predict that Sunrun Inc. will post -1.99 EPS for the current fiscal year.

Insider Activity

In other Sunrun news, Director Alan Ferber bought 10,000 shares of Sunrun stock in a transaction dated Thursday, March 14th. The shares were bought at an average price of $9.73 per share, with a total value of $97,300.00. Following the purchase, the director now owns 10,000 shares of the company's stock, valued at $97,300. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, Director Alan Ferber purchased 10,000 shares of the business's stock in a transaction that occurred on Thursday, March 14th. The shares were acquired at an average cost of $9.73 per share, for a total transaction of $97,300.00. Following the transaction, the director now directly owns 10,000 shares of the company's stock, valued at approximately $97,300. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Danny Abajian sold 5,534 shares of the stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $12.12, for a total transaction of $67,072.08. Following the completion of the sale, the chief financial officer now owns 210,985 shares in the company, valued at $2,557,138.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 234,834 shares of company stock valued at $4,211,750. 3.76% of the stock is currently owned by insiders.

Institutional Trading of Sunrun

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Salem Investment Counselors Inc. raised its stake in Sunrun by 3,750.0% during the first quarter. Salem Investment Counselors Inc. now owns 1,540 shares of the energy company's stock worth $47,000 after acquiring an additional 1,500 shares in the last quarter. Fifth Third Bancorp grew its holdings in shares of Sunrun by 76.9% during the fourth quarter. Fifth Third Bancorp now owns 1,758 shares of the energy company's stock worth $35,000 after purchasing an additional 764 shares during the last quarter. Versant Capital Management Inc grew its holdings in shares of Sunrun by 149.7% during the fourth quarter. Versant Capital Management Inc now owns 1,880 shares of the energy company's stock worth $37,000 after purchasing an additional 1,127 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of Sunrun during the third quarter worth about $26,000. Finally, Belpointe Asset Management LLC boosted its holdings in Sunrun by 735.2% in the first quarter. Belpointe Asset Management LLC now owns 2,113 shares of the energy company's stock valued at $43,000 after acquiring an additional 1,860 shares during the last quarter. 91.69% of the stock is currently owned by institutional investors and hedge funds.

About Sunrun

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.