Sunrun Inc. (NASDAQ:RUN) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• Sunrun Inc. has received a consensus recommendation of "Moderate Buy" from 26 research ratings, with two analysts rating it as a sell and two as a strong buy.
• The company's average one-year target price is $15.77, with recent upgrades from various analysts reflecting positive sentiment towards the stock.
• In insider trading, Director Alan Ferber sold approximately 11,000 shares valued at over $122,000, reducing his stake by 16.59% in the company.

Sunrun Inc. (NASDAQ:RUN - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the twenty-six ratings firms that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation, thirteen have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $15.7730.

A number of equities analysts recently commented on RUN shares. KeyCorp upgraded shares of Sunrun from an "underweight" rating to a "sector weight" rating in a research report on Tuesday, July 8th. Oppenheimer lifted their target price on shares of Sunrun from $21.00 to $23.00 and gave the stock an "outperform" rating in a research report on Thursday. Susquehanna lifted their target price on shares of Sunrun from $12.00 to $13.00 and gave the stock a "positive" rating in a research report on Thursday, August 7th. TD Cowen lifted their target price on shares of Sunrun from $13.00 to $14.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Sunrun in a research report on Wednesday.

Insider Transactions at Sunrun

In other Sunrun news, Director Alan Ferber sold 10,927 shares of the business's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $11.24, for a total value of $122,819.48. Following the transaction, the director owned 54,947 shares in the company, valued at approximately $617,604.28. The trade was a 16.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeanna Steele sold 20,426 shares of the business's stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $19.35, for a total transaction of $395,243.10. Following the completion of the transaction, the insider owned 393,267 shares in the company, valued at $7,609,716.45. The trade was a 4.94% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 241,444 shares of company stock valued at $4,408,513. Company insiders own 3.37% of the company's stock.

Institutional Investors Weigh In On Sunrun

Several hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC boosted its stake in Sunrun by 3.5% during the third quarter. GAMMA Investing LLC now owns 17,971 shares of the energy company's stock worth $311,000 after acquiring an additional 607 shares in the last quarter. Osaic Holdings Inc. boosted its stake in Sunrun by 6.3% during the second quarter. Osaic Holdings Inc. now owns 22,386 shares of the energy company's stock worth $183,000 after acquiring an additional 1,332 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its stake in Sunrun by 12.0% during the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 13,497 shares of the energy company's stock worth $110,000 after acquiring an additional 1,442 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its stake in Sunrun by 0.6% during the second quarter. CANADA LIFE ASSURANCE Co now owns 268,167 shares of the energy company's stock worth $2,195,000 after acquiring an additional 1,586 shares in the last quarter. Finally, Alterna Wealth Management Inc. boosted its stake in Sunrun by 16.6% during the first quarter. Alterna Wealth Management Inc. now owns 12,075 shares of the energy company's stock worth $71,000 after acquiring an additional 1,720 shares in the last quarter. Institutional investors own 91.69% of the company's stock.

Sunrun Price Performance

Shares of NASDAQ:RUN opened at $18.80 on Friday. The stock has a market cap of $4.34 billion, a PE ratio of -1.62 and a beta of 2.41. The company's fifty day moving average is $15.76 and its 200 day moving average is $10.90. Sunrun has a 52 week low of $5.38 and a 52 week high of $21.08. The company has a quick ratio of 1.02, a current ratio of 1.41 and a debt-to-equity ratio of 3.70.

Sunrun (NASDAQ:RUN - Get Free Report) last issued its earnings results on Wednesday, August 6th. The energy company reported $1.07 EPS for the quarter, topping analysts' consensus estimates of ($0.18) by $1.25. The company had revenue of $569.34 million for the quarter, compared to analysts' expectations of $555.42 million. Sunrun had a negative net margin of 120.59% and a positive return on equity of 14.19%. The firm's revenue was up 8.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.55 EPS. Research analysts anticipate that Sunrun will post -0.43 earnings per share 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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