Sunrun (NASDAQ:RUN) Stock Price Down 9.7% - Should You Sell?

Key Points

• Sunrun Inc. (NASDAQ:RUN) saw its stock price decline 9.7% to $18.34, with trading volume down 60% compared to its average, following a previous close of $20.32.
• Equities analysts have mixed opinions on Sunrun, with some upgrading the stock to a "strong-buy" rating, while the current consensus rating is a "Moderate Buy".
• Insider transactions include Director Lynn Michelle Jurich selling 50,000 shares for approximately $965,500, reflecting a 5.55% decrease in position.

Sunrun Inc. (NASDAQ:RUN - Get Free Report) traded down 9.7% on Friday . The stock traded as low as $18.30 and last traded at $18.34. 6,440,208 shares changed hands during mid-day trading, a decline of 60% from the average session volume of 16,073,004 shares. The stock had previously closed at $20.32.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. raised their price target on shares of Sunrun from $20.00 to $23.00 and gave the company an "overweight" rating in a research report on Friday, September 19th. BNP Paribas upgraded shares of Sunrun from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 7th. Jefferies Financial Group upgraded shares of Sunrun from a "hold" rating to a "buy" rating and increased their price objective for the company from $11.00 to $21.00 in a research note on Wednesday, October 1st. KeyCorp upgraded shares of Sunrun from an "underweight" rating to a "sector weight" rating in a research note on Tuesday, July 8th. Finally, Cowen restated a "buy" rating on shares of Sunrun in a research note on Thursday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Sunrun presently has a consensus rating of "Moderate Buy" and an average price target of $15.77.

Sunrun Stock Performance

The company's fifty day simple moving average is $15.59 and its 200 day simple moving average is $10.81. The company has a current ratio of 1.41, a quick ratio of 1.02 and a debt-to-equity ratio of 3.70. The stock has a market capitalization of $4.23 billion, a P/E ratio of -1.56 and a beta of 2.41.

Sunrun (NASDAQ:RUN - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The energy company reported $1.07 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 firm had revenue of $569.34 million during the quarter, compared to the consensus estimate of $555.42 million. During the same period last year, the firm earned $0.55 EPS. The business's quarterly revenue was up 8.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Sunrun Inc. will post -0.43 earnings per share for the current fiscal year.

Insider Activity at Sunrun

In other news, Director Lynn Michelle Jurich sold 50,000 shares of Sunrun stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $19.31, for a total transaction of $965,500.00. Following the completion of the sale, the director directly owned 850,482 shares of the company's stock, valued at approximately $16,422,807.42. The trade was a 5.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jeanna Steele sold 1,526 shares of Sunrun stock in a transaction on Wednesday, October 8th. The stock was sold at an average price of $19.75, for a total transaction of $30,138.50. Following the sale, the insider directly owned 387,301 shares of the company's stock, valued at $7,649,194.75. This represents a 0.39% 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 in the last three months. 3.37% of the stock is owned by insiders.

Institutional Trading of Sunrun

Hedge funds have recently added to or reduced their stakes in the business. Sowell Financial Services LLC purchased a new position in shares of Sunrun in the first quarter valued at about $273,000. GAMMA Investing LLC increased its position in shares of Sunrun by 572.1% in the first quarter. GAMMA Investing LLC now owns 71,896 shares of the energy company's stock valued at $421,000 after acquiring an additional 61,198 shares during the period. PGGM Investments increased its position in shares of Sunrun by 316.6% in the second quarter. PGGM Investments now owns 7,007,258 shares of the energy company's stock valued at $57,319,000 after acquiring an additional 5,325,332 shares during the period. Public Sector Pension Investment Board increased its position in shares of Sunrun by 27.1% during the first quarter. Public Sector Pension Investment Board now owns 711,391 shares of the energy company's stock valued at $4,169,000 after buying an additional 151,474 shares during the period. Finally, Principal Financial Group Inc. increased its position in shares of Sunrun by 2.7% during the first quarter. Principal Financial Group Inc. now owns 1,116,909 shares of the energy company's stock valued at $6,545,000 after buying an additional 29,227 shares during the period. 91.69% of the stock is 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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