Sunrun (NASDAQ:RUN) Given "Positive" Rating at Susquehanna

Susquehanna reaffirmed their positive rating on shares of Sunrun (NASDAQ:RUN - Free Report) in a research report sent to investors on Friday, Benzinga reports. Susquehanna currently has a $25.00 price target on the energy company's stock.

RUN has been the topic of a number of other reports. Piper Sandler lowered their target price on Sunrun from $31.00 to $27.00 and set an overweight rating on the stock in a research note on Thursday, February 22nd. Oppenheimer reiterated an outperform rating and set a $19.00 target price on shares of Sunrun in a research note on Thursday, February 22nd. Mizuho lifted their target price on Sunrun from $23.00 to $28.00 and gave the stock a buy rating in a research note on Wednesday, January 3rd. The Goldman Sachs Group lifted their target price on Sunrun from $20.00 to $21.00 and gave the stock a buy rating in a research note on Thursday, February 22nd. Finally, BMO Capital Markets lifted their price objective on Sunrun from $18.00 to $20.00 and gave the stock a market perform rating in a report on Thursday, February 22nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus target price of $22.05.

Sunrun Stock Down 2.4 %

Shares of RUN traded down $0.29 during trading hours on Friday, reaching $11.83. The stock had a trading volume of 8,215,132 shares, compared to its average volume of 14,691,798. Sunrun has a 12 month low of $8.43 and a 12 month high of $23.85. The firm has a 50-day simple moving average of $13.07 and a 200 day simple moving average of $13.27. 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 company has a market capitalization of $2.60 billion, a price-to-earnings ratio of -1.60 and a beta of 2.46.

Sunrun (NASDAQ:RUN - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $516.59 million for the quarter, compared to the consensus estimate of $499.74 million. Equities research analysts predict that Sunrun will post -1.76 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Sunrun news, Director Lynn Michelle Jurich sold 2,836 shares of the business's stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $10.01, for a total value of $28,388.36. Following the completion of the sale, the director now owns 1,399,810 shares in the company, valued at $14,012,098.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Sunrun news, insider Jeanna Steele sold 8,187 shares of the business's stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $12.11, for a total value of $99,144.57. Following the completion of the sale, the insider now owns 239,724 shares in the company, valued at $2,903,057.64. The sale 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 business's stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $10.01, for a total value of $28,388.36. Following the completion of the sale, the director now owns 1,399,810 shares of the company's stock, valued at approximately $14,012,098.10. The disclosure for this sale can be found here. Insiders sold 64,523 shares of company stock worth $776,578 in the last quarter. 3.76% of the stock is owned by insiders.

Hedge Funds Weigh In On Sunrun

Several hedge funds have recently made changes to their positions in RUN. American Century Companies Inc. increased its stake in shares of Sunrun by 24.2% during the first quarter. American Century Companies Inc. now owns 13,754 shares of the energy company's stock valued at $417,000 after buying an additional 2,679 shares during the period. US Bancorp DE grew its stake in Sunrun by 123.5% in the first quarter. US Bancorp DE now owns 6,534 shares of the energy company's stock worth $198,000 after purchasing an additional 3,611 shares during the period. Private Advisor Group LLC grew its stake in Sunrun by 37.1% in the first quarter. Private Advisor Group LLC now owns 19,786 shares of the energy company's stock worth $601,000 after purchasing an additional 5,349 shares during the period. PNC Financial Services Group Inc. grew its stake in Sunrun by 58.7% in the first quarter. PNC Financial Services Group Inc. now owns 10,836 shares of the energy company's stock worth $329,000 after purchasing an additional 4,010 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Sunrun by 10.5% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 75,865 shares of the energy company's stock worth $2,304,000 after purchasing an additional 7,233 shares during the period. 91.69% of the stock is owned by hedge funds and other institutional investors.

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.