Sunrun (NASDAQ:RUN) Upgraded by Jefferies Financial Group to "Hold" Rating

Jefferies Financial Group upgraded shares of Sunrun (NASDAQ:RUN - Free Report) from an underperform rating to a hold rating in a report published on Wednesday, MarketBeat Ratings reports. The brokerage currently has $11.00 price target on the energy company's stock, up from their prior price target of $5.00.

A number of other research firms have also commented on RUN. BNP Paribas raised shares of Sunrun from a "hold" rating to a "strong-buy" rating in a research report on Monday. Glj Research downgraded shares of Sunrun from a "hold" rating to a "sell" rating in a research note on Tuesday, June 17th. Wall Street Zen downgraded shares of Sunrun from a "hold" rating to a "sell" rating in a research note on Friday, June 6th. UBS Group lowered their price objective on shares of Sunrun from $17.00 to $12.00 and set a "buy" rating on the stock in a research note on Friday, May 30th. Finally, Truist Financial reiterated a "hold" rating and set a $6.00 price target (down previously from $9.00) on shares of Sunrun in a research note on Wednesday, April 16th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $13.97.

Sunrun Trading Up 6.8%

Shares of RUN traded up $0.67 during midday trading on Wednesday, hitting $10.51. The stock had a trading volume of 19,080,728 shares, compared to its average volume of 13,541,980. Sunrun has a fifty-two week low of $5.38 and a fifty-two week high of $22.26. The business has a 50-day simple moving average of $8.52 and a two-hundred day simple moving average of $8.20. The firm has a market cap of $2.40 billion, a P/E ratio of -0.87 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 (NASDAQ:RUN - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The energy company reported $0.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.22) by $0.42. The business had revenue of $504.27 million during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.40) earnings per share. As a group, equities analysts forecast that Sunrun will post -0.43 EPS for the current year.

Insider Activity

In other Sunrun news, Director Edward Harris Fenster purchased 50,000 shares of the business's stock in a transaction that occurred on 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 completion of 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 8,855 shares of company stock valued at $72,877 over the last three months. Insiders own 3.37% of the company's stock.

Institutional Trading of Sunrun

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its holdings in Sunrun by 14.7% during the 1st quarter. GAMMA Investing LLC now owns 12,269 shares of the energy company's stock worth $72,000 after purchasing an additional 1,571 shares during the last quarter. Alterna Wealth Management Inc. raised its holdings in Sunrun by 16.6% during the 1st quarter. Alterna Wealth Management Inc. now owns 12,075 shares of the energy company's stock worth $71,000 after purchasing an additional 1,720 shares during the last quarter. Guggenheim Capital LLC raised its holdings in Sunrun by 6.8% during the 4th quarter. Guggenheim Capital LLC now owns 27,321 shares of the energy company's stock worth $253,000 after purchasing an additional 1,749 shares during the last quarter. Xponance Inc. grew its position in shares of Sunrun by 13.2% during the 4th quarter. Xponance Inc. now owns 16,265 shares of the energy company's stock worth $150,000 after buying an additional 1,895 shares during the period. Finally, Scotia Capital Inc. grew its position in shares of Sunrun by 17.7% during the 4th quarter. Scotia Capital Inc. now owns 14,377 shares of the energy company's stock worth $133,000 after buying an additional 2,157 shares during the period. 91.69% of the stock is 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.