RUN has been the topic of several other research reports. Zacks Investment Research raised Sunrun from a hold rating to a buy rating and set a $18.00 price target on the stock in a research note on Wednesday, March 6th. Credit Suisse Group set a $24.00 price target on Sunrun and gave the company a buy rating in a research note on Friday, March 1st. ValuEngine raised Sunrun from a buy rating to a strong-buy rating in a research report on Friday, March 1st. Bank of America reaffirmed a buy rating and issued a $23.50 target price (up previously from $17.50) on shares of Sunrun in a research report on Thursday, April 25th. Finally, TheStreet downgraded Sunrun from a b- rating to a c+ rating in a research report on Friday, March 29th. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $18.64.
RUN opened at $14.77 on Tuesday. Sunrun has a 1 year low of $8.81 and a 1 year high of $17.44. The stock has a market capitalization of $1.74 billion, a price-to-earnings ratio of 64.22, a PEG ratio of 0.95 and a beta of 0.58. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.03 and a current ratio of 1.37.
Sunrun (NASDAQ:RUN) last released its quarterly earnings results on Wednesday, May 8th. The energy company reported ($0.12) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.43). Sunrun had a negative net margin of 1.88% and a negative return on equity of 1.19%. The firm had revenue of $194.50 million during the quarter, compared to analyst estimates of $152.90 million. On average, analysts expect that Sunrun will post 1.37 EPS for the current fiscal year.
In other Sunrun news, major shareholder Tiger Global Management Llc purchased 766,201 shares of the stock in a transaction on Tuesday, March 5th. The shares were purchased at an average price of $16.26 per share, with a total value of $12,458,428.26. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Edward Harris Fenster sold 3,510 shares of the business’s stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $17.01, for a total value of $59,705.10. Following the transaction, the chairman now directly owns 2,460,681 shares in the company, valued at approximately $41,856,183.81. The disclosure for this sale can be found here. In the last ninety days, insiders sold 490,540 shares of company stock worth $7,916,585. 9.34% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Benjamin F. Edwards & Company Inc. bought a new stake in shares of Sunrun during the fourth quarter worth approximately $27,000. Trust Co. of Vermont boosted its holdings in shares of Sunrun by 500.6% during the fourth quarter. Trust Co. of Vermont now owns 3,111 shares of the energy company’s stock worth $34,000 after acquiring an additional 2,593 shares during the period. Rehmann Capital Advisory Group boosted its holdings in shares of Sunrun by 363.8% during the fourth quarter. Rehmann Capital Advisory Group now owns 3,789 shares of the energy company’s stock worth $41,000 after acquiring an additional 2,972 shares during the period. Bank of Montreal Can boosted its holdings in shares of Sunrun by 1,008.2% during the fourth quarter. Bank of Montreal Can now owns 7,403 shares of the energy company’s stock worth $81,000 after acquiring an additional 6,735 shares during the period. Finally, NumerixS Investment Technologies Inc boosted its holdings in shares of Sunrun by 54.7% during the fourth quarter. NumerixS Investment Technologies Inc now owns 9,900 shares of the energy company’s stock worth $105,000 after acquiring an additional 3,500 shares during the period. 84.78% of the stock is currently owned by hedge funds and other institutional investors.
Sunrun Company Profile
Sunrun Inc engages in the design, development, installation, sale, ownership, and maintenance of residential solar energy systems in the United States. It also sells solar energy systems and products, such as panels and racking, as well as solar leads generated to customers. The company markets and sells its products through direct-to-consumer approach across online, retail, mass media, digital media, canvassing, field marketing, and referral channels, as well as its partner network.
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