Sunrun Inc. (NASDAQ:RUN) Receives Average Recommendation of "Hold" from Brokerages

Shares of Sunrun Inc. (NASDAQ:RUN - Get Free Report) have been given an average rating of "Hold" by the twenty-three ratings firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, eleven have assigned a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $14.10.

A number of analysts have issued reports on the stock. Roth Capital set a $20.00 price objective on shares of Sunrun in a report on Friday, February 28th. The Goldman Sachs Group boosted their price objective on shares of Sunrun from $12.00 to $15.00 and gave the company a "buy" rating in a report on Monday, May 19th. Royal Bank of Canada reissued an "outperform" rating and issued a $12.00 price objective on shares of Sunrun in a report on Tuesday, June 3rd. Mizuho set a $13.00 price objective on shares of Sunrun and gave the company an "outperform" rating in a report on Monday, June 2nd. Finally, Susquehanna reduced their price target on shares of Sunrun from $13.00 to $10.00 and set a "positive" rating on the stock in a research report on Monday, April 14th.

Insider Buying and Selling

In related news, insider Jeanna Steele sold 9,942 shares of the business's stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $6.74, for a total transaction of $67,009.08. Following the transaction, the insider now directly owns 291,238 shares in the company, valued at approximately $1,962,944.12. The trade was a 3.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Edward Harris Fenster acquired 50,000 shares of the stock in a transaction on Monday, May 12th. The stock was bought at an average cost of $10.87 per share, for a total transaction of $543,500.00. Following the transaction, the director now owns 1,408,182 shares of the company's stock, valued at approximately $15,306,938.34. This trade represents a 3.68% increase in their position. The disclosure for this purchase can be found here. Insiders sold 80,138 shares of company stock valued at $540,103 over the last quarter. Insiders own 3.37% of the company's stock.

Institutional Investors Weigh In On Sunrun

Institutional investors have recently made changes to their positions in the business. Aster Capital Management DIFC Ltd purchased a new stake in Sunrun during the 4th quarter valued at $29,000. Newbridge Financial Services Group Inc. lifted its position in shares of Sunrun by 133.3% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 3,500 shares of the energy company's stock worth $32,000 after purchasing an additional 2,000 shares during the period. Summit Securities Group LLC purchased a new stake in shares of Sunrun in the 4th quarter worth about $53,000. Union Bancaire Privee UBP SA purchased a new stake in shares of Sunrun in the 4th quarter worth about $56,000. Finally, Apollon Wealth Management LLC purchased a new stake in shares of Sunrun in the 1st quarter worth about $60,000. Hedge funds and other institutional investors own 91.69% of the company's stock.

Sunrun Stock Up 1.6%

Shares of RUN opened at $8.51 on Friday. Sunrun has a 52 week low of $5.45 and a 52 week high of $22.26. The firm has a market cap of $1.94 billion, a P/E ratio of -4.68 and a beta of 2.61. The firm's 50-day simple moving average is $7.81 and its 200 day simple moving average is $8.56. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.15 and a current ratio of 1.47.

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 (EPS) for the quarter, beating analysts' consensus estimates of ($0.22) by $0.42. The firm had revenue of $504.27 million during the quarter, compared to the consensus estimate of $487.29 million. Sunrun had a negative net margin of 18.80% and a negative return on equity of 5.15%. The business's revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.40) EPS. On average, analysts forecast that Sunrun will post -0.43 earnings per share for the current 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.

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