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

Key Points

• Sunrun Inc. has received a consensus recommendation of "Moderate Buy" from 24 research firms, with an average 12-month price objective of $14.81.
• Recent upgrades from analysts include a price target increase from Jefferies financial from $5 to $11, and from JPMorgan Chase from $16 to $20.
• Insider trading activity shows significant sales, with directors selling over 80,000 shares combined in recent transactions.

Shares of Sunrun Inc. (NASDAQ:RUN - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the twenty-four research firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, nine have given a hold rating, twelve have given a buy rating and two have issued a strong buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $14.8082.

RUN has been the topic of a number of recent research reports. Jefferies Financial Group upgraded shares of Sunrun from an "underperform" rating to a "hold" rating and increased their price objective for the company from $5.00 to $11.00 in a research note on Wednesday, July 9th. JPMorgan Chase & Co. increased their price objective on shares of Sunrun from $16.00 to $20.00 and gave the company an "overweight" rating in a research note on Thursday, August 7th. Zacks Research upgraded shares of Sunrun from a "hold" rating to a "strong-buy" rating in a research note on Monday, September 8th. Royal Bank Of Canada upgraded shares of Sunrun from a "sector perform" rating to an "outperform" rating and increased their price objective for the company from $12.00 to $16.00 in a research note on Monday, August 18th. Finally, TD Cowen raised their target price on shares of Sunrun from $13.00 to $14.00 and gave the company a "buy" rating in a research note on Thursday, August 7th.

Insider Buying and Selling

In other Sunrun news, Director Alan Ferber sold 10,927 shares of the firm's stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $11.24, for a total value of $122,819.48. Following the completion of the sale, the director directly owned 54,947 shares in the company, valued at $617,604.28. This trade represents a 16.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeanna Steele sold 7,077 shares of the firm's stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $16.75, for a total transaction of $118,539.75. Following the completion of the sale, the insider owned 415,126 shares of the company's stock, valued at approximately $6,953,360.50. This trade represents a 1.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 80,136 shares of company stock valued at $1,076,538 over the last quarter. Insiders own 3.37% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. PGGM Investments raised its holdings in shares of Sunrun by 316.6% during the second quarter. PGGM Investments now owns 7,007,258 shares of the energy company's stock worth $57,319,000 after purchasing an additional 5,325,332 shares during the last quarter. Maple Rock Capital Partners Inc. raised its holdings in shares of Sunrun by 95.6% during the second quarter. Maple Rock Capital Partners Inc. now owns 8,132,648 shares of the energy company's stock worth $66,525,000 after purchasing an additional 3,974,464 shares during the last quarter. Sylebra Capital LLC raised its holdings in shares of Sunrun by 124.0% during the fourth quarter. Sylebra Capital LLC now owns 6,683,162 shares of the energy company's stock worth $61,819,000 after purchasing an additional 3,699,405 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Sunrun during the second quarter worth $9,668,000. Finally, HRT Financial LP purchased a new position in shares of Sunrun during the second quarter worth $9,416,000. Hedge funds and other institutional investors own 91.69% of the company's stock.

Sunrun Price Performance

NASDAQ RUN opened at $16.45 on Tuesday. The company has a debt-to-equity ratio of 3.70, a quick ratio of 1.02 and a current ratio of 1.41. The firm's 50 day moving average price is $12.97 and its 200-day moving average price is $9.48. Sunrun has a 52-week low of $5.38 and a 52-week high of $21.77. The company has a market cap of $3.80 billion, a PE ratio of -1.42 and a beta of 2.21.

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 analysts' consensus estimates of ($0.18) by $1.25. Sunrun had a negative net margin of 120.59% and a positive return on equity of 14.19%. The firm had revenue of $569.34 million for the quarter, compared to the consensus estimate of $555.42 million. During the same period last year, the firm earned $0.55 earnings per share. The company's quarterly revenue was up 8.7% on a year-over-year basis. Sell-side analysts forecast that Sunrun will post -0.43 EPS for the current fiscal 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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