Sunrun (NASDAQ:RUN) Receives Sell (D-) Rating from Weiss Ratings

Key Points

• Weiss Ratings has reissued a "sell (D-)" rating for Sunrun, adding to mixed assessments from other analysts who have varied in their recommendations.
• Sunrun reported earnings of $1.07 per share for the last quarter, exceeding expectations, and the company's revenue grew by 8.7% year-over-year.
• Insider transactions have seen a total of 241,444 shares sold by company insiders over the past 90 days, decreasing their ownership in the company.

Sunrun (NASDAQ:RUN - Get Free Report)'s stock had its "sell (d-)" rating reissued by research analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

RUN has been the topic of several other reports. Royal Bank Of Canada raised shares of Sunrun from a "sector perform" rating to an "outperform" rating and boosted their target price for the company from $12.00 to $16.00 in a research note on Monday, August 18th. Jefferies Financial Group raised shares of Sunrun from a "hold" rating to a "buy" rating and boosted their target price for the company from $11.00 to $21.00 in a research note on Wednesday, October 1st. The Goldman Sachs Group boosted their target price on shares of Sunrun from $15.00 to $19.00 and gave the company a "buy" rating in a research note on Thursday, September 11th. BMO Capital Markets boosted their price target on shares of Sunrun from $8.00 to $10.00 and gave the company an "underperform" rating in a report on Thursday, August 7th. Finally, UBS Group boosted their price target on shares of Sunrun from $15.00 to $16.00 and gave the company a "buy" rating in a report on Friday, August 8th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, Sunrun currently has a consensus rating of "Moderate Buy" and a consensus price target of $15.69.

Sunrun Price Performance

Shares of NASDAQ:RUN opened at $19.40 on Wednesday. The company's fifty day moving average is $15.38 and its two-hundred day moving average is $10.72. The company has a quick ratio of 1.02, a current ratio of 1.41 and a debt-to-equity ratio of 3.70. Sunrun has a 12-month low of $5.38 and a 12-month high of $20.25. The company has a market cap of $4.48 billion, a P/E ratio of -1.67 and a beta of 2.41.

Sunrun (NASDAQ:RUN - Get Free Report) last announced its earnings results 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. Sunrun had a negative net margin of 120.59% and a positive return on equity of 14.19%. The company had revenue of $569.34 million for the quarter, compared to the consensus estimate of $555.42 million. During the same period in the previous year, the business earned $0.55 EPS. The company's revenue was up 8.7% on a year-over-year basis. Equities analysts expect that Sunrun will post -0.43 earnings per share for the current fiscal year.

Insider Buying and Selling at Sunrun

In related news, insider Jeanna Steele sold 20,426 shares of the company's stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $19.35, for a total value of $395,243.10. Following the completion of the sale, the insider directly owned 393,267 shares in the company, valued at approximately $7,609,716.45. This represents a 4.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Alan Ferber sold 10,927 shares of the company's stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $11.24, for a total transaction of $122,819.48. Following the completion of the sale, the director owned 54,947 shares of the company's stock, valued at $617,604.28. This represents a 16.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 241,444 shares of company stock worth $4,408,513 over the last 90 days. 3.37% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Sunrun

A number of large investors have recently bought and sold shares of RUN. Smartleaf Asset Management LLC boosted its holdings in Sunrun by 181.0% in the second quarter. Smartleaf Asset Management LLC now owns 4,130 shares of the energy company's stock worth $34,000 after purchasing an additional 2,660 shares in the last quarter. Spire Wealth Management boosted its holdings in Sunrun by 960.0% in the second quarter. Spire Wealth Management now owns 5,300 shares of the energy company's stock worth $43,000 after purchasing an additional 4,800 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in Sunrun by 87.1% in the second quarter. Nomura Asset Management Co. Ltd. now owns 5,800 shares of the energy company's stock worth $47,000 after purchasing an additional 2,700 shares in the last quarter. Apollon Wealth Management LLC acquired a new position in Sunrun during the 1st quarter worth $60,000. Finally, US Bancorp DE lifted its position in Sunrun by 107.6% during the 1st quarter. US Bancorp DE now owns 10,307 shares of the energy company's stock worth $60,000 after acquiring an additional 5,342 shares during the last quarter. 91.69% of the stock is currently owned by institutional investors.

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.

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