Sunrun (NASDAQ:RUN) Upgraded to "Sector Weight" at KeyCorp

Sunrun (NASDAQ:RUN - Get Free Report) was upgraded by analysts at KeyCorp from an "underweight" rating to a "sector weight" rating in a research report issued to clients and investors on Tuesday,Benzinga reports.

Several other equities analysts have also commented on the stock. Susquehanna reduced their target price 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. BNP Paribas raised shares of Sunrun from a "hold" rating to a "strong-buy" rating in a research report on Monday. Glj Research cut shares of Sunrun from a "hold" rating to a "sell" rating in a research report on Tuesday, June 17th. Wells Fargo & Company decreased their target price on shares of Sunrun from $10.00 to $8.00 and set an "overweight" rating for the company in a report on Wednesday, June 25th. Finally, BMO Capital Markets lowered shares of Sunrun from a "hold" rating to a "strong sell" rating and reduced their price target for the stock from $9.00 to $4.00 in a research note on Thursday, May 22nd. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Sunrun has an average rating of "Hold" and a consensus target price of $13.72.

Sunrun Price Performance

Shares of NASDAQ:RUN opened at $11.11 on Tuesday. The company's fifty day moving average price is $8.47 and its 200-day moving average price is $8.19. The firm has a market capitalization of $2.54 billion, a price-to-earnings ratio of -0.92 and a beta of 2.60. Sunrun has a one year low of $5.38 and a one year high of $22.26. The company has a debt-to-equity ratio of 3.89, a current ratio of 1.32 and a quick ratio of 0.99.

Sunrun (NASDAQ:RUN - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The energy company reported $0.20 EPS 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 quarter in the prior year, the firm earned ($0.40) EPS. The business's revenue for the quarter was up 10.1% compared to the same quarter last year. On average, equities research analysts anticipate that Sunrun will post -0.43 earnings per share for the current fiscal year.

Insider Transactions at Sunrun

In other Sunrun news, Director Edward Harris Fenster purchased 50,000 shares of the firm's stock in a transaction that occurred on 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 completion of 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders have sold a total of 8,855 shares of company stock worth $72,877 over the last quarter. 3.37% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Sunrun

A number of hedge funds have recently bought and sold shares of RUN. Aster Capital Management DIFC Ltd bought a new position in Sunrun during the fourth quarter valued at $29,000. Summit Securities Group LLC bought a new position in Sunrun during the fourth quarter valued at $53,000. Apollon Wealth Management LLC bought a new position in Sunrun during the first quarter valued at $60,000. US Bancorp DE increased its position in Sunrun by 107.6% during the first quarter. US Bancorp DE now owns 10,307 shares of the energy company's stock valued at $60,000 after acquiring an additional 5,342 shares during the last quarter. Finally, Sterling Capital Management LLC increased its position in Sunrun by 807.5% during the fourth quarter. Sterling Capital Management LLC now owns 6,888 shares of the energy company's stock valued at $64,000 after acquiring an additional 6,129 shares during the last quarter. Hedge funds and other 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.

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