Sunrun (NASDAQ:RUN) Stock Price Up 6.7%

Shares of Sunrun Inc. (NASDAQ:RUN - Get Free Report) were up 6.7% on Monday . The company traded as high as $11.10 and last traded at $10.98. Approximately 1,750,371 shares were traded during trading, a decline of 87% from the average daily volume of 13,938,393 shares. The stock had previously closed at $10.29.

Analysts Set New Price Targets

A number of research analysts have weighed in on RUN shares. Truist Financial reaffirmed a "hold" rating and set a $14.00 price target (down from $15.00) on shares of Sunrun in a research report on Monday, February 26th. BMO Capital Markets lifted their price target on shares of Sunrun from $18.00 to $20.00 and gave the company a "market perform" rating in a research report on Thursday, February 22nd. Mizuho reduced their target price on shares of Sunrun from $28.00 to $23.00 and set a "buy" rating on the stock in a research report on Friday, April 19th. Piper Sandler reduced their target price on shares of Sunrun from $31.00 to $27.00 and set an "overweight" rating on the stock in a research report on Thursday, February 22nd. Finally, Royal Bank of Canada reduced their target price on shares of Sunrun from $17.00 to $15.00 and set an "outperform" rating on the stock in a research report on Friday, March 15th. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $21.26.

Sunrun Stock Up 4.2 %

The stock has a market capitalization of $2.35 billion, a price-to-earnings ratio of -1.48 and a beta of 2.46. The firm's fifty day moving average is $11.72 and its 200-day moving average is $13.16. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.26 and a quick ratio of 0.96.

Sunrun (NASDAQ:RUN - Get Free Report) last released 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 business had revenue of $516.59 million for the quarter, compared to the consensus estimate of $499.74 million. On average, sell-side analysts predict that Sunrun Inc. will post -1.69 earnings per share for the current year.

Insider Buying and Selling at Sunrun

In other Sunrun news, Director Edward Harris Fenster sold 172,920 shares of the business's stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $11.95, for a total transaction 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CEO Mary Powell sold 5,424 shares of the company's stock in a transaction dated Thursday, February 29th. The shares were 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 $4,988,931.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Edward Harris Fenster sold 172,920 shares of the company's stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $11.95, for a total transaction of $2,066,394.00. Following the transaction, the director now owns 1,261,317 shares of the company's stock, valued at approximately $15,072,738.15. The disclosure for this sale can be found here. Insiders sold a total of 301,760 shares of company stock worth $3,615,990 over the last 90 days. Insiders own 3.76% of the company's stock.

Hedge Funds Weigh In On Sunrun

Several institutional investors have recently modified their holdings of the company. Robeco Schweiz AG grew its position in shares of Sunrun by 23.5% during the first quarter. Robeco Schweiz AG now owns 4,611,300 shares of the energy company's stock worth $60,777,000 after acquiring an additional 876,000 shares during the last quarter. Caliber Wealth Management LLC grew its position in Sunrun by 10.7% in the 1st quarter. Caliber Wealth Management LLC now owns 206,837 shares of the energy company's stock valued at $2,726,000 after buying an additional 20,022 shares in the last quarter. New York State Teachers Retirement System grew its position in Sunrun by 7.5% in the 1st quarter. New York State Teachers Retirement System now owns 264,792 shares of the energy company's stock valued at $3,490,000 after buying an additional 18,434 shares in the last quarter. Spire Wealth Management grew its position in Sunrun by 18.7% in the 1st quarter. Spire Wealth Management now owns 6,405 shares of the energy company's stock valued at $84,000 after buying an additional 1,010 shares in the last quarter. Finally, Louisiana State Employees Retirement System grew its position in Sunrun by 76.7% in the 1st quarter. Louisiana State Employees Retirement System now owns 107,800 shares of the energy company's stock valued at $1,421,000 after buying an additional 46,800 shares in the last quarter. 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.