Sunrun (NASDAQ:RUN) Stock Rating Upgraded by BNP Paribas Exane

Sunrun (NASDAQ:RUN - Get Free Report) was upgraded by BNP Paribas Exane from a "neutral" rating to an "outperform" rating in a research report issued to clients and investors on Monday,Briefing.com Automated Import reports. The brokerage currently has a $21.00 price target on the energy company's stock. BNP Paribas Exane's target price would indicate a potential upside of 101.13% from the company's previous close.

A number of other analysts also recently issued reports on the company. Wall Street Zen downgraded Sunrun from a "hold" rating to a "sell" rating in a report on Friday, June 6th. Citigroup restated a "neutral" rating and set a $7.00 target price on shares of Sunrun in a research note on Thursday, April 17th. BMO Capital Markets lowered shares of Sunrun from a "hold" rating to a "strong sell" rating and dropped their price target for the company from $9.00 to $4.00 in a research note on Thursday, May 22nd. BNP Paribas cut shares of Sunrun from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 22nd. Finally, Jefferies Financial Group downgraded shares of Sunrun from a "hold" rating to an "underperform" rating and dropped their target price for the company from $6.00 to $5.00 in a research report on Wednesday, June 11th. Five analysts have rated the stock with a sell rating, nine have assigned a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $13.72.

Sunrun Trading Up 16.1%

NASDAQ:RUN opened at $10.44 on Monday. Sunrun has a 12-month low of $5.38 and a 12-month high of $22.26. The firm has a market cap of $2.39 billion, a PE ratio of -0.86 and a beta of 2.60. The company has a current ratio of 1.32, a quick ratio of 0.99 and a debt-to-equity ratio of 3.89. The stock has a fifty day moving average price of $8.40 and a 200 day moving average price of $8.18.

Sunrun (NASDAQ:RUN - Get Free Report) last released its earnings results on Wednesday, May 7th. The energy company reported $0.20 earnings per share for the quarter, topping analysts' consensus estimates of ($0.22) by $0.42. Sunrun had a negative net margin of 129.97% and a positive return on equity of 9.42%. The firm had revenue of $504.27 million for the quarter, compared to analyst estimates of $487.29 million. During the same period in the prior year, the firm earned ($0.40) earnings per share. The business's quarterly revenue was up 10.1% compared to the same quarter last year. Sell-side analysts anticipate that Sunrun will post -0.43 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Sunrun news, Director Edward Harris Fenster purchased 50,000 shares of Sunrun stock in a transaction dated Monday, May 12th. The stock was acquired at an average cost of $10.87 per share, with a total value of $543,500.00. Following the acquisition, the director directly owned 1,408,182 shares of the company's stock, valued at $15,306,938.34. This represents a 3.68% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last 90 days, insiders sold 8,855 shares of company stock valued at $72,877. 3.37% of the stock is currently owned by insiders.

Institutional Trading of Sunrun

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Aster Capital Management DIFC Ltd acquired a new stake in shares of Sunrun during the 4th quarter valued at approximately $29,000. Summit Securities Group LLC purchased a new stake in Sunrun during the fourth quarter worth $53,000. Apollon Wealth Management LLC acquired a new stake in Sunrun in the first quarter valued at $60,000. US Bancorp DE increased its position in shares of Sunrun by 107.6% in the first quarter. US Bancorp DE now owns 10,307 shares of the energy company's stock valued at $60,000 after buying an additional 5,342 shares in the last quarter. Finally, Sterling Capital Management LLC raised its stake in shares of Sunrun by 807.5% during the 4th quarter. Sterling Capital Management LLC now owns 6,888 shares of the energy company's stock worth $64,000 after buying an additional 6,129 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.

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