Sunrun Inc. (NASDAQ:RUN) Given Average Recommendation of “Moderate Buy” by Analysts

Sunrun Inc. (NASDAQ:RUN) has been given an average recommendation of “Moderate Buy” by the twenty-three ratings firms that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, nine have given a hold recommendation, twelve have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $19.6865.

A number of equities research analysts have recently issued reports on the company. Oppenheimer boosted their price objective on Sunrun from $23.00 to $25.00 and gave the stock an “outperform” rating in a report on Friday, February 27th. Zacks Research upgraded Sunrun from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 26th. Loop Capital set a $12.00 price target on Sunrun in a report on Tuesday, March 3rd. Deutsche Bank Aktiengesellschaft set a $19.00 price target on Sunrun in a research note on Wednesday, January 7th. Finally, Weiss Ratings upgraded Sunrun from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Monday, March 2nd.

Sunrun Stock Performance

NASDAQ RUN opened at $12.78 on Tuesday. The stock has a market cap of $3.00 billion, a PE ratio of 7.47 and a beta of 2.43. The company has a debt-to-equity ratio of 3.38, a quick ratio of 1.27 and a current ratio of 1.66. The firm has a 50-day moving average of $17.50 and a 200-day moving average of $18.16. Sunrun has a 52-week low of $5.38 and a 52-week high of $22.44.

Sunrun (NASDAQ:RUN) last announced its quarterly earnings results on Thursday, February 26th. The energy company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.46. The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $610.29 million. Sunrun had a net margin of 15.22% and a return on equity of 11.72%. Sunrun’s quarterly revenue was up 123.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.41 EPS. On average, sell-side analysts anticipate that Sunrun will post -0.43 EPS for the current year.

Insider Buying and Selling

In related news, Director Lynn Michelle Jurich sold 55,507 shares of the company’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $12.68, for a total value of $703,828.76. Following the transaction, the director directly owned 608,397 shares in the company, valued at approximately $7,714,473.96. This represents a 8.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Mary Powell sold 2,229 shares of the firm’s stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $11.94, for a total transaction of $26,614.26. Following the transaction, the chief executive officer directly owned 1,127,951 shares in the company, valued at approximately $13,467,734.94. This represents a 0.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 399,219 shares of company stock valued at $7,261,635 in the last 90 days. 3.37% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in RUN. Vanguard Group Inc. raised its position in shares of Sunrun by 1.2% in the third quarter. Vanguard Group Inc. now owns 24,193,170 shares of the energy company’s stock valued at $418,300,000 after buying an additional 288,945 shares in the last quarter. PGGM Investments grew its position in Sunrun by 17.8% during the third quarter. PGGM Investments now owns 8,256,941 shares of the energy company’s stock worth $142,763,000 after buying an additional 1,249,683 shares in the last quarter. Maple Rock Capital Partners Inc. grew its position in Sunrun by 95.6% during the second quarter. Maple Rock Capital Partners Inc. now owns 8,132,648 shares of the energy company’s stock worth $66,525,000 after buying an additional 3,974,464 shares in the last quarter. Invesco Ltd. increased its stake in Sunrun by 26.6% during the 4th quarter. Invesco Ltd. now owns 5,868,199 shares of the energy company’s stock worth $107,975,000 after acquiring an additional 1,231,628 shares during the period. Finally, Geode Capital Management LLC increased its stake in Sunrun by 3.8% during the 4th quarter. Geode Capital Management LLC now owns 5,663,239 shares of the energy company’s stock worth $104,220,000 after acquiring an additional 205,627 shares during the period. Institutional investors and hedge funds own 91.69% of the company’s stock.

About Sunrun

Sunrun, Inc (NASDAQ: RUN) is a leading provider of residential solar energy systems in the United States. The company designs, installs and maintains rooftop solar panels and battery storage solutions for homeowners under flexible financing arrangements. Customers can choose from leasing, power purchase agreements or solar ownership models, all of which are supported by Sunrun’s network of installation partners and service technicians. Sunrun also offers integrated home energy management services, including its Brightbox battery storage product, which enables customers to store solar energy for use during peak hours or power outages.

Founded in 2007 by Lynn Jurich, Ed Fenster and Nat Kreamer, Sunrun is headquartered in San Francisco, California.