Sunrun (NASDAQ:RUN) Shares Gap Up - Should You Buy?

Sunrun Inc. (NASDAQ:RUN - Get Free Report)'s share price gapped up prior to trading on Thursday . The stock had previously closed at $7.28, but opened at $7.68. Sunrun shares last traded at $7.74, with a volume of 4,932,604 shares changing hands.

Analyst Ratings Changes

RUN has been the topic of several research analyst reports. Morgan Stanley reissued an "equal weight" rating and set a $11.00 target price on shares of Sunrun in a research report on Wednesday, April 23rd. Roth Capital set a $20.00 price objective on shares of Sunrun in a research note on Friday, February 28th. Susquehanna cut their target price on Sunrun from $13.00 to $10.00 and set a "positive" rating on the stock in a research report on Monday, April 14th. BNP Paribas Exane cut Sunrun from an "outperform" rating to a "neutral" rating and set a $10.00 price target for the company. in a research report on Thursday, May 22nd. Finally, UBS Group cut their price objective on Sunrun from $17.00 to $12.00 and set a "buy" rating on the stock in a report on Friday, May 30th. Five equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $13.26.

Sunrun Stock Up 6.5%

The business's fifty day simple moving average is $8.12 and its two-hundred day simple moving average is $8.26. 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 company has a market cap of $1.77 billion, a PE ratio of -0.64 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, topping analysts' consensus estimates of ($0.22) by $0.42. The company had revenue of $504.27 million for the quarter, compared to the consensus estimate of $487.29 million. Sunrun had a positive return on equity of 9.42% and a negative net margin of 129.97%. Sunrun's revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.40) earnings per share. On average, analysts predict that Sunrun Inc. will post -0.43 earnings per share for the current year.

Insider Activity at Sunrun

In other news, Director Edward Harris Fenster bought 50,000 shares of Sunrun stock in a transaction on Monday, May 12th. The stock was acquired at an average price of $10.87 per share, with a total value of $543,500.00. Following the completion of the acquisition, the director now directly owns 1,408,182 shares of the company's stock, valued at $15,306,938.34. The trade was a 3.68% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CRO Paul S. Dickson sold 19,343 shares of the firm'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 $130,371.82. Following the completion of the transaction, the executive now owns 399,729 shares in the company, valued at approximately $2,694,173.46. This trade represents a 4.62% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 88,993 shares of company stock valued at $612,979. 3.37% of the stock is owned by company insiders.

Institutional Trading of Sunrun

Large investors have recently made changes to their positions in the company. Aster Capital Management DIFC Ltd acquired a new stake in Sunrun during the 4th quarter worth $29,000. Summit Securities Group LLC purchased a new stake in Sunrun during the 4th quarter valued at about $53,000. Union Bancaire Privee UBP SA purchased a new stake in Sunrun during the 4th quarter valued at about $56,000. Apollon Wealth Management LLC acquired a new stake in Sunrun in the 1st quarter valued at about $60,000. Finally, US Bancorp DE lifted its stake in Sunrun by 107.6% in the 1st quarter. US Bancorp DE now owns 10,307 shares of the energy company's stock worth $60,000 after purchasing an additional 5,342 shares in the last quarter. 91.69% of the stock is currently owned by hedge funds and other 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.