Brokerages Set Sunrun Inc. (NASDAQ:RUN) Price Target at $14.30

Key Points

• Sunrun Inc. has received an average rating of "Hold" from 24 brokerages, with stock ratings comprising 2 sell, 10 hold, 11 buy, and 1 strong buy recommendations.
• Recent analyst price targets for Sunrun vary significantly, with estimates ranging from $6.00 to $21.00, highlighting differing perspectives on its future performance.
• Insiders, including CEO Mary Powell, sold shares earlier this month, collectively valuing approximately $164,000 in stock sold, indicating potential shifts in confidence among company leadership.

Sunrun Inc. (NASDAQ:RUN - Get Free Report) has earned an average recommendation of "Hold" from the twenty-four research firms that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation, eleven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $14.30.

A number of equities analysts recently weighed in on the company. Glj Research cut Sunrun from a "hold" rating to a "sell" rating in a report on Tuesday, June 17th. Truist Financial reissued a "hold" rating and set a $6.00 target price (down previously from $9.00) on shares of Sunrun in a report on Wednesday, April 16th. Morgan Stanley reissued an "equal weight" rating and set a $11.00 target price on shares of Sunrun in a report on Wednesday, April 23rd. Susquehanna increased their price target on Sunrun from $10.00 to $12.00 and gave the company a "positive" rating in a report on Monday, July 21st. Finally, Mizuho increased their price target on Sunrun from $13.00 to $21.00 and gave the company an "outperform" rating in a report on Monday, July 14th.

Insider Transactions at Sunrun

In related news, insider Jeanna Steele sold 3,668 shares of the company's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $10.80, for a total value of $39,614.40. Following the sale, the insider owned 439,620 shares of the company's stock, valued at approximately $4,747,896. This represents a 0.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Danny Abajian sold 8,909 shares of the business's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $10.80, for a total value of $96,217.20. Following the completion of the transaction, the chief financial officer owned 446,797 shares of the company's stock, valued at $4,825,407.60. This trade represents a 1.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 41,939 shares of company stock worth $430,264 in the last quarter. Insiders own 3.37% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of RUN. Raymond James Financial Inc. purchased a new stake in Sunrun during the 4th quarter worth $867,000. Xponance Inc. boosted its position in Sunrun by 13.2% in the 4th quarter. Xponance Inc. now owns 16,265 shares of the energy company's stock valued at $150,000 after buying an additional 1,895 shares during the last quarter. American Century Companies Inc. boosted its position in Sunrun by 240.2% in the 4th quarter. American Century Companies Inc. now owns 159,189 shares of the energy company's stock valued at $1,472,000 after buying an additional 112,402 shares during the last quarter. Sei Investments Co. boosted its position in Sunrun by 11.4% in the 4th quarter. Sei Investments Co. now owns 47,003 shares of the energy company's stock valued at $435,000 after buying an additional 4,817 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Sunrun during the fourth quarter worth about $402,000. 91.69% of the stock is currently owned by institutional investors and hedge funds.

Sunrun Stock Performance

Sunrun stock traded up $0.17 during trading hours on Monday, hitting $10.32. 1,913,886 shares of the stock traded hands, compared to its average volume of 16,775,031. The company has a debt-to-equity ratio of 3.89, a current ratio of 1.32 and a quick ratio of 0.99. The firm's 50 day moving average price is $8.80 and its 200-day moving average price is $8.25. The stock has a market capitalization of $2.36 billion, a price-to-earnings ratio of -0.86 and a beta of 2.60. Sunrun has a 1 year low of $5.38 and a 1 year high of $22.26.

Sunrun (NASDAQ:RUN - Get Free Report) last issued its earnings results on Wednesday, May 7th. The energy company reported $0.20 EPS for the quarter, topping analysts' consensus estimates of ($0.22) by $0.42. The firm had revenue of $504.27 million for the quarter, compared to the consensus estimate of $487.29 million. Sunrun had a positive return on equity of 9.42% and a negative net margin of 129.97%. The company's revenue was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.40) earnings per share. As a group, equities analysts expect that Sunrun will post -0.43 EPS for the current fiscal year.

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.