Sunrun (NASDAQ:RUN) Upgraded at Glj Research

Sunrun (NASDAQ:RUN - Get Free Report) was upgraded by analysts at Glj Research from a "strong sell" rating to a "hold" rating in a research note issued on Friday, MarketBeat Ratings reports. The firm currently has a $7.78 price objective on the energy company's stock. Glj Research's price objective would suggest a potential upside of 5.99% from the company's previous close.

A number of other research analysts have also weighed in on the company. Wall Street Zen upgraded Sunrun to a "sell" rating in a report on Thursday, May 8th. Jefferies Financial Group lowered their target price on Sunrun from $7.00 to $6.00 and set a "hold" rating on the stock in a research note on Wednesday. UBS Group restated a "buy" rating and issued a $17.00 target price on shares of Sunrun in a research note on Wednesday, May 14th. TD Cowen lowered their target price on Sunrun from $18.00 to $14.00 and set a "buy" rating on the stock in a research note on Friday, February 28th. Finally, Roth Capital set a $20.00 target price on Sunrun in a research note on Friday, February 28th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $14.15.

Sunrun Stock Up 7.2%

Sunrun stock traded up $0.49 during mid-day trading on Friday, reaching $7.34. The stock had a trading volume of 25,367,211 shares, compared to its average volume of 11,754,842. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.15 and a current ratio of 1.47. Sunrun has a fifty-two week low of $5.45 and a fifty-two week high of $22.26. The stock's 50-day simple moving average is $7.61 and its 200-day simple moving average is $8.63. The firm has a market capitalization of $1.68 billion, a PE ratio of -4.03 and a beta of 2.66.

Sunrun (NASDAQ:RUN - Get Free Report) last posted its earnings results on Wednesday, May 7th. The energy company reported $0.20 earnings per share for the quarter, beating analysts' consensus estimates of ($0.22) by $0.42. Sunrun had a negative return on equity of 5.15% and a negative net margin of 18.80%. The company had revenue of $504.27 million for the quarter, compared to analyst estimates of $487.29 million. During the same quarter last year, the company earned ($0.40) earnings per share. The company's revenue for the quarter was up 10.1% on a year-over-year basis. On average, sell-side analysts forecast that Sunrun will post -0.43 EPS for the current fiscal year.

Insider Buying and Selling

In other Sunrun news, Director Edward Harris Fenster bought 50,000 shares of Sunrun stock in a transaction that occurred on Monday, May 12th. The stock was acquired at an average cost of $10.87 per share, for a total transaction of $543,500.00. Following the completion of the transaction, the director now directly owns 1,408,182 shares in the company, valued at $15,306,938.34. This represents a 3.68% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jeanna Steele sold 9,942 shares of the business's stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $6.74, for a total value of $67,009.08. Following the transaction, the insider now owns 291,238 shares of the company's stock, valued at approximately $1,962,944.12. The trade was a 3.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 88,540 shares of company stock worth $595,944 over the last ninety days. 3.37% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Sunrun

Hedge funds have recently added to or reduced their stakes in the company. KLP Kapitalforvaltning AS bought a new stake in Sunrun during the fourth quarter worth about $402,000. Clal Insurance Enterprises Holdings Ltd bought a new stake in Sunrun during the fourth quarter worth about $18,500,000. Charles Schwab Investment Management Inc. lifted its stake in Sunrun by 7.2% during the fourth 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 last quarter. Greenvale Capital LLP lifted its stake in Sunrun by 50.3% during the fourth quarter. Greenvale Capital LLP now owns 13,500,000 shares of the energy company's stock worth $124,875,000 after purchasing an additional 4,516,793 shares during the last quarter. Finally, Essex Investment Management Co. LLC bought a new stake in Sunrun during the fourth quarter worth about $403,000. Institutional investors own 91.69% of the company's stock.

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.