Sunrun (NASDAQ:RUN) Upgraded to "Hold" at Wall Street Zen

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

Other research analysts also recently issued research reports about the stock. Susquehanna dropped their price objective on shares of Sunrun from $13.00 to $10.00 and set a "positive" rating on the stock in a report on Monday, April 14th. KeyCorp upgraded shares of Sunrun from an "underweight" rating to a "sector weight" rating in a research note on Tuesday, July 8th. Wells Fargo & Company decreased their price target on shares of Sunrun from $10.00 to $8.00 and set an "overweight" rating on the stock in a research note on Wednesday, June 25th. Morgan Stanley restated an "equal weight" rating and set a $11.00 target price on shares of Sunrun in a research note on Wednesday, April 23rd. Finally, BMO Capital Markets lowered shares of Sunrun from a "hold" rating to a "strong sell" rating and cut their price objective for the company from $9.00 to $4.00 in a report on Thursday, May 22nd. Two equities research 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 MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $14.22.

Sunrun Price Performance

RUN traded up $0.32 during trading on Friday, hitting $10.68. 14,866,041 shares of the company traded hands, compared to its average volume of 13,530,953. The company has a market cap of $2.44 billion, a PE ratio of -0.88 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. Sunrun has a 1 year low of $5.38 and a 1 year high of $22.26. The stock's 50-day simple moving average is $8.72 and its two-hundred day simple moving average is $8.19.

Sunrun (NASDAQ:RUN - Get Free Report) last posted its earnings results 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 company had revenue of $504.27 million for the quarter, compared to the consensus estimate of $487.29 million. Sunrun had a positive return on equity of 9.42% and a negative net margin of 129.97%. The company's revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.40) earnings per share. As a group, sell-side analysts anticipate that Sunrun will post -0.43 earnings per share for the current fiscal year.

Insider Transactions at Sunrun

In other news, Director Edward Harris Fenster bought 50,000 shares of Sunrun stock in a transaction that occurred on Monday, May 12th. The stock was bought at an average cost of $10.87 per share, with a total value of $543,500.00. Following the acquisition, the director owned 1,408,182 shares of the company's stock, valued at $15,306,938.34. The trade was a 3.68% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CRO Paul S. Dickson sold 8,010 shares of the firm's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $10.81, for a total value of $86,588.10. Following the completion of the sale, the executive owned 679,044 shares of the company's stock, valued at approximately $7,340,465.64. This represents a 1.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 41,939 shares of company stock worth $430,264. Company insiders own 3.37% of the company's stock.

Institutional Trading of Sunrun

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its holdings in shares of Sunrun by 7.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,325,562 shares of the energy company's stock worth $21,511,000 after purchasing an additional 155,311 shares during the period. Raymond James Financial Inc. acquired a new stake in Sunrun in the 4th quarter valued at $867,000. Wealthfront Advisers LLC acquired a new position in Sunrun in the fourth quarter worth $307,000. Swiss National Bank lifted its stake in Sunrun by 1.6% in the fourth quarter. Swiss National Bank now owns 439,700 shares of the energy company's stock valued at $4,067,000 after buying an additional 7,000 shares during the period. Finally, Cibc World Markets Corp bought a new stake in shares of Sunrun during the fourth quarter worth $189,000. Hedge funds and other institutional investors 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.