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

Sunrun Inc. (NASDAQ:RUN - Get Free Report)'s stock price gapped down before the market opened on Thursday . The stock had previously closed at $10.66, but opened at $6.80. Sunrun shares last traded at $6.63, with a volume of 28,318,249 shares.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. BNP Paribas downgraded Sunrun from a "strong-buy" rating to a "hold" rating in a research report on Thursday. BNP Paribas Exane downgraded Sunrun from an "outperform" rating to a "neutral" rating and set a $10.00 target price for the company. in a research report on Thursday. Royal Bank of Canada dropped their target price on Sunrun from $14.00 to $12.00 and set an "outperform" rating for the company in a research report on Thursday, May 8th. Wall Street Zen raised Sunrun to a "sell" rating in a research report on Thursday, May 8th. Finally, Susquehanna dropped their target price on Sunrun from $13.00 to $10.00 and set a "positive" rating for the company in a research report on Monday, April 14th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, Sunrun presently has a consensus rating of "Hold" and a consensus price target of $14.47.

Sunrun Stock Up 2.5%

The firm has a 50 day moving average price of $7.57 and a 200-day moving average price of $8.75. 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 $1.57 billion, a PE ratio of -3.78 and a beta of 2.66.

Sunrun (NASDAQ:RUN - Get Free Report) last posted its earnings results on Wednesday, May 7th. The energy company reported $0.20 earnings per share for the quarter, topping the consensus estimate of ($0.22) by $0.42. The firm had revenue of $504.27 million during the quarter, compared to analysts' expectations of $487.29 million. Sunrun had a negative return on equity of 5.15% and a negative net margin of 18.80%. The firm's revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.40) earnings per share. Research analysts forecast that Sunrun Inc. will post -0.43 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Edward Harris Fenster acquired 50,000 shares of Sunrun stock in a transaction on Monday, May 12th. The stock was bought at an average price of $10.87 per share, for a total transaction of $543,500.00. Following the completion of the purchase, the director now owns 1,408,182 shares in the company, valued at $15,306,938.34. This represents a 3.68% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Mary Powell sold 31,197 shares of the business's stock in a transaction that occurred 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 sale, the chief executive officer now owns 534,615 shares of the company's stock, valued at approximately $3,603,305.10. This represents a 5.51% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 88,540 shares of company stock worth $595,944 over the last 90 days. 3.37% of the stock is owned by insiders.

Institutional Investors Weigh In On Sunrun

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd purchased a new stake in Sunrun in the fourth quarter valued at approximately $29,000. Newbridge Financial Services Group Inc. lifted its stake in Sunrun by 133.3% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 3,500 shares of the energy company's stock valued at $32,000 after buying an additional 2,000 shares during the last quarter. Summit Securities Group LLC purchased a new stake in Sunrun in the fourth quarter valued at approximately $53,000. Union Bancaire Privee UBP SA purchased a new stake in Sunrun in the fourth quarter valued at approximately $56,000. Finally, Apollon Wealth Management LLC purchased a new stake in Sunrun in the first quarter valued at approximately $60,000. Hedge funds and other 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.