Sunrun (NASDAQ:RUN) Shares Up 4.7%

Sunrun Inc. (NASDAQ:RUN - Get Free Report)'s stock price rose 4.7% during mid-day trading on Tuesday . The stock traded as high as $12.67 and last traded at $12.44. Approximately 5,071,083 shares changed hands during mid-day trading, a decline of 65% from the average daily volume of 14,457,038 shares. The stock had previously closed at $11.88.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on RUN shares. Piper Sandler dropped 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. Jefferies Financial Group started coverage on Sunrun in a research report on Friday, December 15th. They issued a "buy" rating and a $25.00 price target for the company. Susquehanna restated a "positive" rating and issued a $25.00 price target on shares of Sunrun in a research report on Friday. KeyCorp restated a "sector weight" rating on shares of Sunrun in a research report on Thursday, January 4th. Finally, BMO Capital Markets raised their price target on Sunrun from $18.00 to $20.00 and gave the company a "market perform" rating 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 given a buy rating to the stock. Based on data from MarketBeat.com, Sunrun presently has an average rating of "Moderate Buy" and a consensus price target of $22.05.

Sunrun Trading Up 9.6 %

The business has a 50 day simple moving average of $12.97 and a 200-day simple moving average of $13.25. 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 stock has a market capitalization of $2.86 billion, a price-to-earnings ratio of -1.76 and a beta of 2.46.

Sunrun (NASDAQ:RUN - Get Free Report) last issued its quarterly earnings results on Wednesday, February 21st. The energy company reported ($1.33) earnings per share (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 business had revenue of $516.59 million during the quarter, compared to analyst estimates of $499.74 million. On average, equities analysts predict that Sunrun Inc. will post -1.76 earnings per share for the current year.

Insider Activity

In other news, insider Jeanna Steele sold 8,187 shares of Sunrun stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $12.11, for a total value of $99,144.57. Following the transaction, the insider now directly owns 239,724 shares of the company's stock, valued at approximately $2,903,057.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Jeanna Steele sold 8,187 shares of Sunrun stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $12.11, for a total value of $99,144.57. Following the transaction, the insider now directly owns 239,724 shares of the company's stock, valued at approximately $2,903,057.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lynn Michelle Jurich sold 2,836 shares of the firm's stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $10.01, for a total value of $28,388.36. Following the sale, the director now owns 1,399,810 shares in the company, valued at $14,012,098.10. 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 three months. Corporate insiders own 3.76% of the company's stock.

Institutional Investors Weigh In On Sunrun

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Sunrun by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 19,581,958 shares of the energy company's stock worth $384,394,000 after purchasing an additional 176,861 shares during the last quarter. Wellington Management Group LLP purchased a new stake in Sunrun during the 4th quarter worth approximately $15,935,000. EP Wealth Advisors LLC increased its holdings in Sunrun by 20.4% during the 4th quarter. EP Wealth Advisors LLC now owns 21,364 shares of the energy company's stock worth $419,000 after purchasing an additional 3,624 shares during the last quarter. FIL Ltd increased its holdings in Sunrun by 168.2% during the 4th quarter. FIL Ltd now owns 141,916 shares of the energy company's stock worth $2,786,000 after purchasing an additional 89,002 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in Sunrun by 5.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 213,780 shares of the energy company's stock worth $4,197,000 after purchasing an additional 10,909 shares during the last quarter. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

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.