Sunrun (NASDAQ:RUN) Trading 2.8% Higher

Shares of Sunrun Inc. (NASDAQ:RUN - Get Free Report) traded up 2.8% on Wednesday . The company traded as high as $10.70 and last traded at $10.62. 989,334 shares were traded during mid-day trading, a decline of 93% from the average session volume of 14,236,317 shares. The stock had previously closed at $10.33.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Piper Sandler reduced their target price on Sunrun from $31.00 to $27.00 and set an "overweight" rating on the stock in a report on Thursday, February 22nd. Oppenheimer reissued an "outperform" rating and set a $19.00 price objective on shares of Sunrun in a report on Thursday, February 22nd. BMO Capital Markets raised their price objective on Sunrun from $18.00 to $20.00 and gave the company a "market perform" rating in a report on Thursday, February 22nd. KeyCorp reissued a "sector weight" rating on shares of Sunrun in a report on Thursday, January 4th. Finally, Royal Bank of Canada cut their price objective on Sunrun from $17.00 to $15.00 and set an "outperform" rating on the stock in a report on Friday, March 15th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $21.53.

Sunrun Stock Performance

The company has a 50-day moving average price of $12.67 and a two-hundred day moving average price of $13.21. 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 $2.38 billion, a P/E ratio of -1.47 and a beta of 2.46.

Sunrun (NASDAQ:RUN - Get Free Report) last issued its earnings results 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 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 the consensus estimate of $499.74 million. On average, equities analysts forecast that Sunrun Inc. will post -1.69 earnings per share for the current year.

Insider Activity at Sunrun

In related news, CEO Mary Powell sold 5,424 shares of the business's stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $12.12, for a total value of $65,738.88. Following the completion of the sale, the chief executive officer now directly owns 411,628 shares of the company's stock, valued at approximately $4,988,931.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Sunrun news, CEO Mary Powell sold 5,424 shares of Sunrun stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $12.12, for a total transaction of $65,738.88. Following the completion of the transaction, the chief executive officer now owns 411,628 shares in the company, valued at approximately $4,988,931.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Danny Abajian sold 5,534 shares of the business's stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $12.12, for a total value of $67,072.08. Following the completion of the transaction, the chief financial officer now owns 210,985 shares in the company, valued at approximately $2,557,138.20. The disclosure for this sale can be found here. Insiders sold 301,760 shares of company stock valued at $3,615,990 in the last three months. Corporate insiders own 3.76% of the company's stock.

Hedge Funds Weigh In On Sunrun

Hedge funds and other institutional investors have recently modified their holdings of the business. International Assets Investment Management LLC bought a new stake in shares of Sunrun in the 3rd quarter worth approximately $26,000. C M Bidwell & Associates Ltd. raised its holdings in shares of 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 worth $30,000 after purchasing an additional 2,211 shares during the period. Fifth Third Bancorp raised its holdings in Sunrun by 76.9% during the 4th quarter. Fifth Third Bancorp now owns 1,758 shares of the energy company's stock valued at $35,000 after acquiring an additional 764 shares during the period. Versant Capital Management Inc raised its holdings in 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 raised its holdings in 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. Hedge funds and other institutional investors own 91.69% of the company's stock.

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.