Sunrun Inc. (NASDAQ:RUN) Given Consensus Recommendation of "Hold" by Analysts

Key Points

• Analyst consensus: Sunrun has a consensus rating of “Hold” from 23 analysts (1 sell, 10 hold, 12 buy) with an average 12‑month price target of $19.58.
• Quarterly results mixed: The company beat estimates with EPS of $0.38 (vs. -$0.08) and revenue of $1.16B (vs. $610M), up 123.5% YoY, yet analysts still forecast a - $0.43 EPS for the current fiscal year.
• Insider selling: Insiders sold a total of 366,432 shares (~$6.35M) in the last three months (including a director sale of 163,844 shares), with insiders now owning 3.37% of the stock.

Sunrun Inc. (NASDAQ:RUN - Get Free Report) has earned a consensus rating of "Hold" from the twenty-three ratings firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and twelve have issued a buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $19.5815.

RUN has been the topic of several recent analyst reports. Freedom Capital downgraded shares of Sunrun from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, March 3rd. UBS Group lowered their target price on shares of Sunrun from $26.00 to $23.00 and set a "buy" rating for the company in a research note on Tuesday, March 10th. Mizuho cut their price target on Sunrun from $25.00 to $22.00 and set an "outperform" rating for the company in a report on Monday, March 2nd. Oppenheimer increased their price target on Sunrun from $23.00 to $25.00 and gave the stock an "outperform" rating in a research note on Friday, February 27th. Finally, Weiss Ratings upgraded Sunrun from a "sell (d-)" rating to a "hold (c-)" rating in a report on Monday, March 2nd.

Insider Activity

In other news, Director Edward Harris Fenster sold 163,844 shares of the company's stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $19.95, for a total transaction of $3,268,687.80. Following the completion of the transaction, the director owned 1,578,895 shares of the company's stock, valued at $31,498,955.25. This represents a 9.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Mary Powell sold 8,754 shares of the stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $17.80, for a total transaction of $155,821.20. Following the transaction, the chief executive officer owned 864,946 shares in the company, valued at approximately $15,396,038.80. The trade was a 1.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 366,432 shares of company stock valued at $6,345,395 in the last three months. Company insiders own 3.37% of the company's stock.

Hedge Funds Weigh In On Sunrun

Several institutional investors and hedge funds have recently bought and sold shares of RUN. U S Wealth Group LLC. raised its stake in Sunrun by 23.6% during the fourth quarter. U S Wealth Group LLC. now owns 63,736 shares of the energy company's stock worth $1,173,000 after purchasing an additional 12,157 shares during the period. Hsbc Holdings PLC grew its stake in shares of Sunrun by 19.1% during the 4th quarter. Hsbc Holdings PLC now owns 86,497 shares of the energy company's stock valued at $1,593,000 after buying an additional 13,860 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Sunrun during the 4th quarter worth $27,000. Virtu Financial LLC acquired a new stake in shares of Sunrun during the 4th quarter worth $1,046,000. Finally, Invesco Ltd. raised its position in shares of Sunrun by 26.6% in the 4th quarter. Invesco Ltd. now owns 5,868,199 shares of the energy company's stock worth $107,975,000 after buying an additional 1,231,628 shares during the period. Institutional investors and hedge funds own 91.69% of the company's stock.

Sunrun Stock Performance

Shares of RUN stock opened at $13.50 on Friday. The firm has a 50-day moving average price of $16.01 and a 200 day moving average price of $17.80. Sunrun has a twelve month low of $5.38 and a twelve month high of $22.44. The company has a market capitalization of $3.17 billion, a price-to-earnings ratio of 7.89 and a beta of 2.37. The company has a current ratio of 1.66, a quick ratio of 1.27 and a debt-to-equity ratio of 3.38.

Sunrun (NASDAQ:RUN - Get Free Report) last released its quarterly earnings results on Thursday, February 26th. The energy company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.46. The company had revenue of $1.16 billion for the quarter, compared to analysts' expectations of $610.29 million. Sunrun had a net margin of 15.22% and a return on equity of 11.72%. The firm's revenue for the quarter was up 123.5% compared to the same quarter last year. During the same period last year, the company earned $1.41 EPS. Research analysts forecast that Sunrun will post -0.43 earnings per share for the current fiscal year.

About Sunrun

Sunrun, Inc NASDAQ: RUN is a leading provider of residential solar energy systems in the United States. The company designs, installs and maintains rooftop solar panels and battery storage solutions for homeowners under flexible financing arrangements. Customers can choose from leasing, power purchase agreements or solar ownership models, all of which are supported by Sunrun's network of installation partners and service technicians. Sunrun also offers integrated home energy management services, including its Brightbox battery storage product, which enables customers to store solar energy for use during peak hours or power outages.

Founded in 2007 by Lynn Jurich, Ed Fenster and Nat Kreamer, Sunrun is headquartered in San Francisco, California.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.