Sunrun (NASDAQ:RUN) Shares Up 15.4% - Should You Buy?

Sunrun Inc. (NASDAQ:RUN - Get Free Report)'s stock price rose 15.4% during trading on Friday . The stock traded as high as $9.43 and last traded at $9.78. Approximately 12,408,498 shares traded hands during mid-day trading, an increase of 3% from the average daily volume of 12,006,710 shares. The stock had previously closed at $8.47.

Wall Street Analysts Forecast Growth

RUN has been the topic of several analyst reports. Morgan Stanley restated an "equal weight" rating and issued a $11.00 price target on shares of Sunrun in a research note on Wednesday, April 23rd. The Goldman Sachs Group raised their price target on shares of Sunrun from $12.00 to $15.00 and gave the company a "buy" rating in a research note on Monday, May 19th. Jefferies Financial Group lowered shares of Sunrun from a "hold" rating to an "underperform" rating and dropped their price target for the company from $6.00 to $5.00 in a research note on Wednesday. Mizuho set a $13.00 price target on shares of Sunrun and gave the company an "outperform" rating in a research note on Monday, June 2nd. Finally, Wall Street Zen lowered shares of Sunrun from a "hold" rating to a "sell" rating in a research note on Friday, June 6th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $14.06.

Sunrun Stock Up 18.1%

The business's 50 day simple moving average is $8.04 and its 200-day simple moving average is $8.50. The company has a market cap of $2.28 billion, a price-to-earnings ratio of -5.49 and a beta of 2.61. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.15 and a current ratio of 1.47.

Sunrun (NASDAQ:RUN - Get Free Report) last issued its earnings results on Wednesday, May 7th. The energy company reported $0.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.22) by $0.42. The company had revenue of $504.27 million during the quarter, compared to analyst estimates of $487.29 million. Sunrun had a negative net margin of 18.80% and a negative return on equity of 5.15%. The company's revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter last year, the business posted ($0.40) EPS. Sell-side analysts expect that Sunrun Inc. will post -0.43 earnings per share for the current year.

Insider Buying and Selling at Sunrun

In related news, CEO Mary Powell sold 31,197 shares of Sunrun stock in a transaction 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. The trade was a 5.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CRO Paul S. Dickson sold 19,343 shares of Sunrun stock in a transaction on Monday, April 7th. The shares were sold at an average price of $6.74, for a total transaction of $130,371.82. Following the completion of the sale, the executive now directly owns 399,729 shares of the company's stock, valued at approximately $2,694,173.46. The trade was a 4.62% decrease in their position. The disclosure for this sale can be found here. Insiders sold 88,993 shares of company stock valued at $612,979 in the last quarter. Company insiders own 3.37% of the company's stock.

Institutional Investors Weigh In On Sunrun

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its position in Sunrun by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 23,749,115 shares of the energy company's stock worth $219,679,000 after acquiring an additional 343,448 shares during the last quarter. Greenvale Capital LLP lifted its position in Sunrun by 50.3% during the 4th quarter. Greenvale Capital LLP now owns 13,500,000 shares of the energy company's stock worth $124,875,000 after acquiring an additional 4,516,793 shares during the last quarter. Alyeska Investment Group L.P. lifted its position in Sunrun by 593.9% during the 4th quarter. Alyeska Investment Group L.P. now owns 12,028,454 shares of the energy company's stock worth $111,263,000 after acquiring an additional 10,294,947 shares during the last quarter. Sylebra Capital LLC lifted its position in Sunrun by 23.8% during the 1st quarter. Sylebra Capital LLC now owns 8,273,331 shares of the energy company's stock worth $48,482,000 after acquiring an additional 1,590,169 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Sunrun by 27.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,621,303 shares of the energy company's stock worth $61,252,000 after acquiring an additional 1,427,858 shares during the last quarter. Institutional investors and hedge funds 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.