Sunrun Inc. (NASDAQ:RUN) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• Sunrun Inc. has been given a consensus recommendation of "Moderate Buy" by 23 analysts, with a forecasted average price of $14.63 per share.
• The company's recent earnings report revealed an EPS of $1.07, significantly exceeding the consensus estimate of ($0.18), alongside a reported revenue of $569.34 million.
• Insider selling has been noted, with two executives disposing of shares worth over $400,000 combined in recent weeks, reflecting a decline in their ownership percentages.

Sunrun Inc. (NASDAQ:RUN - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the twenty-three ratings firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation, twelve have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $14.6264.

Several analysts have issued reports on RUN shares. Oppenheimer upped their price objective on Sunrun from $20.00 to $21.00 and gave the company an "outperform" rating in a research note on Thursday, August 7th. JPMorgan Chase & Co. upped their price objective on Sunrun from $16.00 to $20.00 and gave the company an "overweight" rating in a research note on Thursday, August 7th. Susquehanna upped their price objective on Sunrun from $12.00 to $13.00 and gave the company a "positive" rating in a research note on Thursday, August 7th. Glj Research upgraded Sunrun from a "sell" rating to a "hold" rating in a research note on Friday, August 15th. Finally, UBS Group upped their price objective on Sunrun from $15.00 to $16.00 and gave the company a "buy" rating in a research note on Friday, August 8th.

Sunrun Price Performance

NASDAQ:RUN opened at $14.74 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.41 and a debt-to-equity ratio of 3.70. The stock's 50 day moving average price is $10.17 and its two-hundred day moving average price is $8.53. The firm has a market capitalization of $3.40 billion, a price-to-earnings ratio of -1.27 and a beta of 2.37. Sunrun has a 12-month low of $5.38 and a 12-month high of $22.26.

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

Insider Buying and Selling

In related news, insider Jeanna Steele sold 17,417 shares of the stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $16.25, for a total transaction of $283,026.25. Following the sale, the insider owned 422,203 shares of the company's stock, valued at $6,860,798.75. This represents a 3.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Alan Ferber sold 10,927 shares of the stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $11.24, for a total value of $122,819.48. Following the sale, the director directly owned 54,947 shares in the company, valued at $617,604.28. This represents a 16.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 70,283 shares of company stock valued at $836,110 in the last ninety days. 3.37% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Sunrun

Large investors have recently modified their holdings of the business. IQ EQ FUND MANAGEMENT IRELAND Ltd raised its position in shares of Sunrun by 12.0% in the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 13,497 shares of the energy company's stock worth $110,000 after buying an additional 1,442 shares in the last quarter. GAMMA Investing LLC increased its stake in Sunrun by 14.7% in the first quarter. GAMMA Investing LLC now owns 12,269 shares of the energy company's stock valued at $72,000 after acquiring an additional 1,571 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its stake in Sunrun by 0.6% in the second quarter. CANADA LIFE ASSURANCE Co now owns 268,167 shares of the energy company's stock valued at $2,195,000 after acquiring an additional 1,586 shares during the last quarter. Alterna Wealth Management Inc. increased its stake in Sunrun by 16.6% in the first quarter. Alterna Wealth Management Inc. now owns 12,075 shares of the energy company's stock valued at $71,000 after acquiring an additional 1,720 shares during the last quarter. Finally, Guggenheim Capital LLC increased its stake in Sunrun by 6.8% in the fourth quarter. Guggenheim Capital LLC now owns 27,321 shares of the energy company's stock valued at $253,000 after acquiring an additional 1,749 shares during the last quarter. Institutional investors and hedge funds own 91.69% of the company's stock.

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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