Sunrun (NASDAQ:RUN) Upgraded at Wall Street Zen

Sunrun (NASDAQ:RUN - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Saturday.

A number of other research analysts also recently commented on RUN. Morgan Stanley reaffirmed an "equal weight" rating and set a $11.00 target price on shares of Sunrun in a report on Wednesday, April 23rd. The Goldman Sachs Group increased their target price on Sunrun from $12.00 to $15.00 and gave the stock a "buy" rating in a report on Monday, May 19th. BMO Capital Markets downgraded Sunrun from a "hold" rating to a "strong sell" rating and reduced their target price for the stock from $9.00 to $4.00 in a report on Thursday, May 22nd. Jefferies Financial Group raised Sunrun from an "underperform" rating to a "hold" rating and increased their target price for the stock from $5.00 to $11.00 in a report on Wednesday. Finally, BNP Paribas Exane raised Sunrun from a "neutral" rating to an "outperform" rating and set a $21.00 price target on the stock in a report on Monday, July 7th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Sunrun presently has a consensus rating of "Hold" and an average price target of $13.97.

Sunrun Price Performance

RUN stock opened at $10.11 on Friday. The stock has a 50-day moving average price of $8.72 and a two-hundred day moving average price of $8.22. Sunrun has a 12-month low of $5.38 and a 12-month high of $22.26. 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 company has a market cap of $2.31 billion, a PE ratio of -0.83 and a beta of 2.60.

Sunrun (NASDAQ:RUN - Get Free Report) last posted 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. Sunrun had a positive return on equity of 9.42% and a negative net margin of 129.97%. The business had revenue of $504.27 million during the quarter, compared to analyst estimates of $487.29 million. During the same quarter last year, the firm earned ($0.40) earnings per share. The company's revenue for the quarter was up 10.1% compared to the same quarter last year. As a group, research analysts predict that Sunrun will post -0.43 EPS for the current year.

Insiders Place Their Bets

In related news, Director Edward Harris Fenster purchased 50,000 shares of the business's stock in a transaction dated Monday, May 12th. The shares were bought at an average price of $10.87 per share, with a total value of $543,500.00. Following the purchase, the director directly owned 1,408,182 shares in the company, valued at $15,306,938.34. This trade represents a 3.68% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, CEO Mary Powell sold 11,509 shares of the stock in a transaction on Monday, July 7th. The shares were sold at an average price of $10.80, for a total value of $124,297.20. Following the completion of the transaction, the chief executive officer directly owned 893,240 shares in the company, valued at approximately $9,646,992. This trade represents a 1.27% decrease in their position. The disclosure for this sale can be found here. Insiders sold 41,939 shares of company stock worth $430,264 over the last ninety days. 3.37% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Sunrun by 8.6% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 662,211 shares of the energy company's stock valued at $6,125,000 after purchasing an additional 52,176 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Sunrun in the fourth quarter valued at about $402,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Sunrun by 7.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,325,562 shares of the energy company's stock valued at $21,511,000 after purchasing an additional 155,311 shares in the last quarter. Sowell Financial Services LLC bought a new stake in shares of Sunrun in the first quarter valued at about $273,000. Finally, Greenvale Capital LLP lifted its holdings in shares of Sunrun by 50.3% in the fourth quarter. Greenvale Capital LLP now owns 13,500,000 shares of the energy company's stock valued at $124,875,000 after purchasing an additional 4,516,793 shares in the last quarter. 91.69% of the stock is currently owned by institutional investors.

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.

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