Sunrun Inc. (NASDAQ:RUN) Given Average Rating of "Hold" by Brokerages

Sunrun Inc. (NASDAQ:RUN - Get Free Report) has been assigned an average rating of "Hold" from the twenty-one research firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have given a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $14.82.

Several equities research analysts recently weighed in on RUN shares. JPMorgan Chase & Co. cut their price objective on shares of Sunrun from $22.00 to $18.00 and set an "overweight" rating for the company in a research report on Thursday, January 23rd. The Goldman Sachs Group dropped their target price on shares of Sunrun from $17.00 to $15.00 and set a "buy" rating for the company in a report on Monday, March 3rd. BMO Capital Markets dropped their target price on shares of Sunrun from $11.00 to $9.00 and set a "market perform" rating for the company in a report on Monday, March 3rd. Roth Capital set a $20.00 target price on shares of Sunrun in a report on Friday, February 28th. Finally, UBS Group dropped their target price on shares of Sunrun from $17.00 to $15.00 and set a "buy" rating for the company in a report on Tuesday, March 4th.

Insider Buying and Selling at Sunrun

In other Sunrun news, Director Edward Harris Fenster purchased 50,000 shares of the business's stock in a transaction on Monday, May 12th. The shares were purchased at an average cost of $10.87 per share, for a total transaction of $543,500.00. Following the acquisition, the director now owns 1,408,182 shares of the company's stock, valued at approximately $15,306,938.34. This represents a 3.68% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeanna Steele sold 9,942 shares of the stock in a transaction on Monday, April 7th. The stock was sold at an average price of $6.74, for a total value of $67,009.08. Following the completion of the transaction, the insider now owns 291,238 shares in the company, valued at approximately $1,962,944.12. This represents a 3.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 138,540 shares of company stock valued at $1,050,944. 3.77% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Sunrun

Large investors have recently bought and sold shares of the stock. Aster Capital Management DIFC Ltd bought a new position in Sunrun during the 4th quarter valued at $29,000. Newbridge Financial Services Group Inc. increased its position in shares of Sunrun by 133.3% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 3,500 shares of the energy company's stock valued at $32,000 after buying an additional 2,000 shares during the period. Summit Securities Group LLC bought a new stake in shares of Sunrun during the fourth quarter valued at about $53,000. Union Bancaire Privee UBP SA bought a new stake in shares of Sunrun during the fourth quarter valued at about $56,000. Finally, Sterling Capital Management LLC increased its position in shares of Sunrun by 807.5% during the fourth quarter. Sterling Capital Management LLC now owns 6,888 shares of the energy company's stock valued at $64,000 after buying an additional 6,129 shares during the period. 91.69% of the stock is currently owned by institutional investors.

Sunrun Trading Up 8.6%

Shares of Sunrun stock opened at $11.90 on Wednesday. Sunrun has a 52-week low of $5.45 and a 52-week high of $22.26. The firm has a 50-day moving average of $6.95 and a 200-day moving average of $8.97. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.15 and a current ratio of 1.47. The stock has a market cap of $2.72 billion, a PE ratio of -6.54 and a beta of 2.66.

Sunrun (NASDAQ:RUN - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The energy company reported $0.20 earnings per share for the quarter, topping the consensus estimate of ($0.22) by $0.42. Sunrun had a negative net margin of 18.80% and a negative return on equity of 5.15%. The business had revenue of $504.27 million during the quarter, compared to analysts' expectations of $487.29 million. During the same quarter in the prior year, the business posted ($0.40) earnings per share. Sunrun's revenue was up 10.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Sunrun will post -0.43 EPS for the current year.

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.

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