Sunrun Inc. (NASDAQ:RUN) Receives $14.10 Consensus Target Price from Analysts

Sunrun Inc. (NASDAQ:RUN - Get Free Report) has earned an average rating of "Hold" from the twenty-three analysts that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $14.06.

Several analysts have recently issued reports on the stock. The Goldman Sachs Group increased their price target on shares of Sunrun from $12.00 to $15.00 and gave the stock a "buy" rating in a research report on Monday, May 19th. 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. TD Cowen reduced their price target on shares of Sunrun from $18.00 to $14.00 and set a "buy" rating on the stock in a research report on Friday, February 28th. Wall Street Zen cut shares of Sunrun from a "hold" rating to a "sell" rating in a research report on Friday, June 6th. Finally, UBS Group reduced their price target on shares of Sunrun from $17.00 to $12.00 and set a "buy" rating on the stock in a research report on Friday, May 30th.

Insiders Place Their Bets

In other news, insider Jeanna Steele sold 9,942 shares of the firm's stock in a transaction that occurred on 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. This trade represents a 3.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Edward Harris Fenster bought 50,000 shares of the stock in a transaction dated Monday, May 12th. The shares were acquired at an average price of $10.87 per share, for a total transaction of $543,500.00. Following the completion of the transaction, the director now owns 1,408,182 shares of the company's stock, valued at approximately $15,306,938.34. The trade was a 3.68% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 88,993 shares of company stock valued at $612,979. 3.37% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Sunrun

A number of hedge funds have recently modified their holdings of the business. Focus Partners Wealth grew its position in shares of Sunrun by 21.2% during the first quarter. Focus Partners Wealth now owns 12,702 shares of the energy company's stock worth $74,000 after acquiring an additional 2,226 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Sunrun by 14.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 760,758 shares of the energy company's stock valued at $4,458,000 after buying an additional 98,547 shares during the last quarter. United Services Automobile Association purchased a new position in Sunrun in the 1st quarter valued at $87,000. Caxton Associates LLP purchased a new position in Sunrun in the 1st quarter valued at $2,045,000. Finally, Goldman Sachs Group Inc. grew its position in Sunrun by 45.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,306,808 shares of the energy company's stock valued at $13,518,000 after buying an additional 718,955 shares during the last quarter. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

Sunrun Trading Down 1.8%

RUN stock traded down $0.16 during mid-day trading on Friday, hitting $8.70. 14,209,008 shares of the company were exchanged, compared to its average volume of 12,012,966. The company has a quick ratio of 1.15, a current ratio of 1.47 and a debt-to-equity ratio of 1.92. The firm has a market capitalization of $1.99 billion, a P/E ratio of -4.78 and a beta of 2.61. The business has a fifty day simple moving average of $7.92 and a 200-day simple moving average of $8.53. Sunrun has a 12-month low of $5.45 and a 12-month high of $22.26.

Sunrun (NASDAQ:RUN - Get Free Report) last announced its earnings results 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. The company had revenue of $504.27 million during the quarter, compared to analyst estimates of $487.29 million. Sunrun had a negative net margin of 18.80% and a negative return on equity of 5.15%. Sunrun's revenue was up 10.1% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.40) earnings per share. On average, equities research analysts predict that Sunrun will post -0.43 earnings per share 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.