Sunrun (NASDAQ:RUN - Get Free Report) was upgraded by equities research analysts at Citigroup from a "neutral" rating to a "buy" rating in a research report issued on Tuesday,Finviz reports. The brokerage presently has a $26.00 target price on the energy company's stock. Citigroup's target price indicates a potential upside of 26.83% from the company's current price.
Other equities research analysts also recently issued research reports about the stock. UBS Group lifted their price target on shares of Sunrun from $15.00 to $16.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. BNP Paribas Exane raised shares of Sunrun from a "neutral" rating to an "outperform" rating and set a $21.00 price target on the stock in a report on Monday, July 7th. The Goldman Sachs Group upped their price target on shares of Sunrun from $19.00 to $21.00 and gave the company a "buy" rating in a report on Wednesday, October 8th. Jefferies Financial Group raised shares of Sunrun from a "hold" rating to a "buy" rating and upped their price target for the company from $11.00 to $21.00 in a report on Wednesday, October 1st. Finally, Zacks Research raised shares of Sunrun from a "hold" rating to a "strong-buy" rating in a report on Monday, September 8th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $18.16.
Check Out Our Latest Stock Report on RUN
Sunrun Trading Up 5.1%
NASDAQ RUN opened at $20.50 on Tuesday. The company's fifty day simple moving average is $16.96 and its 200-day simple moving average is $11.56. The stock has a market cap of $4.73 billion, a P/E ratio of -1.77 and a beta of 2.41. Sunrun has a 52 week low of $5.38 and a 52 week high of $22.44. The company has a current ratio of 1.41, a quick ratio of 1.02 and a debt-to-equity ratio of 3.70.
Sunrun (NASDAQ:RUN - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The energy company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter in the previous year, the firm posted $0.55 EPS. The firm's quarterly revenue was up 8.7% on a year-over-year basis. Equities research analysts predict that Sunrun will post -0.43 EPS for the current fiscal year.
Insider Transactions at Sunrun
In related news, CRO Paul S. Dickson sold 25,614 shares of the stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $20.00, for a total value of $512,280.00. Following the completion of the transaction, the executive owned 655,734 shares in the company, valued at $13,114,680. This represents a 3.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Jeanna Steele sold 21,037 shares of the stock in a transaction dated Thursday, October 9th. The shares were sold at an average price of $20.25, for a total transaction of $425,999.25. Following the completion of the transaction, the insider owned 366,264 shares of the company's stock, valued at $7,416,846. This represents a 5.43% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 266,956 shares of company stock worth $4,931,665 over the last ninety days. Insiders own 3.37% of the company's stock.
Institutional Investors Weigh In On Sunrun
Institutional investors and hedge funds have recently bought and sold shares of the business. Smartleaf Asset Management LLC boosted its position in shares of Sunrun by 181.0% during the 2nd quarter. Smartleaf Asset Management LLC now owns 4,130 shares of the energy company's stock valued at $34,000 after purchasing an additional 2,660 shares in the last quarter. Spire Wealth Management lifted its stake in Sunrun by 960.0% during the second quarter. Spire Wealth Management now owns 5,300 shares of the energy company's stock valued at $43,000 after buying an additional 4,800 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in Sunrun by 87.1% during the second quarter. Nomura Asset Management Co. Ltd. now owns 5,800 shares of the energy company's stock valued at $47,000 after buying an additional 2,700 shares in the last quarter. Apollon Wealth Management LLC purchased a new stake in Sunrun during the first quarter valued at about $60,000. Finally, US Bancorp DE lifted its stake in Sunrun by 107.6% during the first quarter. US Bancorp DE now owns 10,307 shares of the energy company's stock valued at $60,000 after buying an additional 5,342 shares in the last quarter. 91.69% of the stock is owned by institutional investors and hedge funds.
About Sunrun
(
Get Free Report)
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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