Sunrun (NASDAQ:RUN) Shares Gap Down - Should You Sell?

Sunrun Inc. (NASDAQ:RUN - Get Free Report) shares gapped down prior to trading on Tuesday . The stock had previously closed at $11.11, but opened at $10.12. Sunrun shares last traded at $10.01, with a volume of 8,665,445 shares trading hands.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Susquehanna lowered their price target on shares of Sunrun from $13.00 to $10.00 and set a "positive" rating for the company in a research report on Monday, April 14th. Jefferies Financial Group lowered shares of Sunrun from a "hold" rating to an "underperform" rating and reduced their price objective for the company from $6.00 to $5.00 in a research note on Wednesday, June 11th. The Goldman Sachs Group increased their price target on shares of Sunrun from $12.00 to $15.00 and gave the stock a "buy" rating in a research report on Monday, May 19th. BMO Capital Markets downgraded Sunrun from a "hold" rating to a "strong sell" rating and dropped their price objective for the stock from $9.00 to $4.00 in a report on Thursday, May 22nd. Finally, Mizuho set a $13.00 price objective on Sunrun and gave the stock an "outperform" rating in a report on Monday, June 2nd. Four analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Sunrun currently has a consensus rating of "Hold" and a consensus price target of $13.72.

Sunrun Stock Performance

The stock has a market capitalization of $2.22 billion, a PE ratio of -0.80 and a beta of 2.60. The company has a debt-to-equity ratio of 3.89, a current ratio of 1.32 and a quick ratio of 0.99. The business's fifty day moving average price is $8.47 and its 200-day moving average price is $8.19.

Sunrun (NASDAQ:RUN - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The energy company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.22) by $0.42. Sunrun had a negative net margin of 129.97% and a positive return on equity of 9.42%. The business had revenue of $504.27 million during the quarter, compared to analyst estimates of $487.29 million. During the same period in the prior year, the business posted ($0.40) earnings per share. The company's revenue was up 10.1% on a year-over-year basis. As a group, equities research analysts expect that Sunrun Inc. will post -0.43 EPS for the current year.

Insider Buying and Selling

In other Sunrun news, Director Edward Harris Fenster acquired 50,000 shares of Sunrun stock in a transaction that occurred on Monday, May 12th. The stock was bought at an average cost of $10.87 per share, for a total transaction of $543,500.00. Following the acquisition, the director owned 1,408,182 shares of the company's stock, valued at $15,306,938.34. This represents a 3.68% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders sold a total of 8,855 shares of company stock valued at $72,877 over the last ninety days. Company insiders own 3.37% of the company's stock.

Hedge Funds Weigh In On Sunrun

Large investors have recently modified their holdings of the stock. Aster Capital Management DIFC Ltd purchased a new stake in Sunrun in the fourth quarter valued at about $29,000. Summit Securities Group LLC purchased a new position in shares of Sunrun in the fourth quarter valued at approximately $53,000. Sterling Capital Management LLC lifted its position in shares of Sunrun by 807.5% in the fourth quarter. Sterling Capital Management LLC now owns 6,888 shares of the energy company's stock valued at $64,000 after acquiring an additional 6,129 shares in the last quarter. Lighthouse Investment Partners LLC purchased a new position in Sunrun during the fourth quarter worth approximately $92,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in Sunrun during the fourth quarter worth approximately $94,000. Institutional investors own 91.69% of the company's stock.

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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