Sunrun (NASDAQ:RUN) Rating Increased to Outperform at BNP Paribas Exane

BNP Paribas Exane upgraded shares of Sunrun (NASDAQ:RUN - Free Report) from a neutral rating to an outperform rating in a report released on Monday, Marketbeat.com reports. They currently have $21.00 target price on the energy company's stock.

A number of other analysts have also recently issued reports on RUN. Glj Research cut shares of Sunrun from a "hold" rating to a "sell" rating in a research note on Tuesday, June 17th. Wall Street Zen cut shares of Sunrun from a "hold" rating to a "sell" rating in a research note on Friday, June 6th. Morgan Stanley reiterated an "equal weight" rating and issued a $11.00 target price on shares of Sunrun in a research note on Wednesday, April 23rd. Royal Bank Of Canada cut shares of Sunrun from an "outperform" rating to a "sector perform" rating and reduced their price objective for the stock from $12.00 to $5.00 in a research note on Wednesday, June 18th. Finally, Truist Financial restated a "hold" rating and issued a $6.00 price objective (down from $9.00) on shares of Sunrun in a research note on Wednesday, April 16th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Sunrun currently has a consensus rating of "Hold" and an average price target of $13.97.

Sunrun Stock Up 3.4%

RUN traded up $0.36 on Monday, reaching $10.87. 17,983,834 shares of the company traded hands, compared to its average volume of 13,572,911. The stock's 50 day moving average price is $8.59 and its 200-day moving average price is $8.21. Sunrun has a 52-week low of $5.38 and a 52-week high of $22.26. The company has a market cap of $2.48 billion, a price-to-earnings ratio of -0.90 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.

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

Insiders Place Their Bets

In other Sunrun news, CFO Danny Abajian sold 8,909 shares of the company's stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $10.80, for a total transaction of $96,217.20. Following the transaction, the chief financial officer directly owned 446,797 shares in the company, valued at approximately $4,825,407.60. This represents a 1.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Mary Powell sold 11,509 shares of the company's stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $10.80, for a total transaction of $124,297.20. Following the transaction, the chief executive officer owned 893,240 shares in the company, valued at approximately $9,646,992. The trade was a 1.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 41,939 shares of company stock worth $430,264 in the last quarter. 3.37% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in RUN. Aster Capital Management DIFC Ltd acquired a new position in Sunrun during the 4th quarter valued at about $29,000. Summit Securities Group LLC acquired a new stake in shares of Sunrun in the 4th quarter valued at approximately $53,000. Apollon Wealth Management LLC acquired a new stake in shares of Sunrun in the 1st quarter valued at approximately $60,000. US Bancorp DE raised its position in shares of Sunrun by 107.6% in the 1st quarter. US Bancorp DE now owns 10,307 shares of the energy company's stock valued at $60,000 after acquiring an additional 5,342 shares during the period. Finally, Sterling Capital Management LLC raised its position in shares of Sunrun by 807.5% in the 4th 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 during the period. 91.69% of the stock is currently owned by institutional investors and hedge funds.

About Sunrun

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.