Sunrun (NASDAQ:RUN) Reaches New 52-Week Low - Here's Why

Shares of Sunrun Inc. (NASDAQ:RUN - Get Free Report) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $5.38 and last traded at $5.77, with a volume of 30153893 shares. The stock had previously closed at $9.64.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on RUN shares. BMO Capital Markets cut Sunrun from a "hold" rating to a "strong sell" rating and decreased their price objective for the company from $9.00 to $4.00 in a report on Thursday, May 22nd. Morgan Stanley restated an "equal weight" rating and issued a $11.00 price objective on shares of Sunrun in a report on Wednesday, April 23rd. Jefferies Financial Group cut Sunrun from a "hold" rating to an "underperform" rating and decreased their price objective for the company from $6.00 to $5.00 in a report on Wednesday, June 11th. UBS Group cut their target price on shares of Sunrun from $17.00 to $12.00 and set a "buy" rating for the company in a research note on Friday, May 30th. Finally, BNP Paribas downgraded shares of Sunrun from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Five investment analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $13.72.

Sunrun Stock Performance

The business's fifty day simple moving average is $8.12 and its 200-day simple moving average is $8.45. The company has a current ratio of 1.47, a quick ratio of 1.15 and a debt-to-equity ratio of 1.92. The firm has a market cap of $1.30 billion, a P/E ratio of -3.09 and a beta of 2.61.

Sunrun (NASDAQ:RUN - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $504.27 million during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period last year, the company posted ($0.40) EPS. As a group, sell-side analysts expect that Sunrun Inc. will post -0.43 earnings per share for the current year.

Insider Activity at Sunrun

In other Sunrun news, CEO Mary Powell sold 31,197 shares of Sunrun stock in a transaction on Monday, April 7th. The shares were sold at an average price of $6.74, for a total value of $210,267.78. Following the completion of the transaction, the chief executive officer now directly owns 534,615 shares of the company's stock, valued at $3,603,305.10. This trade represents a 5.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Jeanna Steele sold 9,942 shares of the firm's stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $6.74, for a total transaction of $67,009.08. Following the completion of the transaction, the insider now directly owns 291,238 shares in the company, valued at $1,962,944.12. This represents a 3.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 88,993 shares of company stock worth $612,979 over the last quarter. Company insiders own 3.37% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Aster Capital Management DIFC Ltd purchased a new position in shares of Sunrun in the 4th quarter worth approximately $29,000. Summit Securities Group LLC purchased a new position in Sunrun during the 4th quarter worth $53,000. Union Bancaire Privee UBP SA purchased a new position in Sunrun during the 4th quarter worth $56,000. Sterling Capital Management LLC grew its position in Sunrun by 807.5% during the 4th quarter. Sterling Capital Management LLC now owns 6,888 shares of the energy company's stock worth $64,000 after purchasing an additional 6,129 shares during the last quarter. Finally, Lighthouse Investment Partners LLC purchased a new stake in Sunrun during the 4th quarter worth approximately $92,000. Hedge funds and other institutional investors 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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