Sunrun Inc. (NASDAQ:RUN) Given Consensus Recommendation of “Hold” by Analysts

Shares of Sunrun Inc. (NASDAQ:RUN) have been assigned a consensus recommendation of “Hold” from the twenty-two analysts that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $16.8128.

Several research analysts have issued reports on the stock. Susquehanna decreased their target price on shares of Sunrun from $18.00 to $15.00 and set a “positive” rating for the company in a report on Friday, August 7th. Oppenheimer reissued an “outperform” rating and set a $20.00 price target on shares of Sunrun in a research report on Thursday, August 6th. Mizuho set a $18.00 price objective on shares of Sunrun in a report on Thursday, August 6th. Glj Research reissued a “sell” rating and issued a $4.63 target price on shares of Sunrun in a report on Monday, August 17th. Finally, The Goldman Sachs Group decreased their price target on Sunrun from $18.00 to $15.00 and set a “buy” rating for the company in a research note on Thursday, August 6th.

Insider Buying and Selling

In other Sunrun news, Director Lynn Jurich sold 50,000 shares of the business’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $9.96, for a total value of $498,000.00. Following the completion of the transaction, the director owned 367,405 shares of the company’s stock, valued at approximately $3,659,353.80. The trade was a 11.98% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Mary Powell sold 23,985 shares of the firm’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $13.19, for a total transaction of $316,362.15. Following the sale, the chief executive officer directly owned 1,111,535 shares in the company, valued at approximately $14,661,146.65. The trade was a 2.11% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 173,045 shares of company stock worth $2,138,835 in the last three months. 3.55% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Sunrun

Several hedge funds and other institutional investors have recently modified their holdings of the company. Amundi grew its stake in shares of Sunrun by 3.9% during the 2nd quarter. Amundi now owns 3,428,504 shares of the energy company’s stock valued at $45,845,000 after purchasing an additional 127,878 shares during the period. Groupe la Francaise purchased a new position in shares of Sunrun in the second quarter worth approximately $1,217,000. California State Teachers Retirement System boosted its holdings in shares of Sunrun by 1,275.2% in the second quarter. California State Teachers Retirement System now owns 3,674,041 shares of the energy company’s stock worth $49,159,000 after buying an additional 3,406,879 shares during the last quarter. AlphaGrep UK Ltd bought a new stake in Sunrun during the second quarter valued at approximately $199,000. Finally, Nykredit A S bought a new position in Sunrun in the second quarter worth approximately $78,000. 91.69% of the stock is owned by institutional investors.

Sunrun Price Performance

Shares of NASDAQ:RUN opened at $8.89 on Tuesday. The business has a fifty day moving average price of $10.59 and a 200-day moving average price of $12.73. The company has a debt-to-equity ratio of 3.34, a current ratio of 1.42 and a quick ratio of 1.00. The company has a market capitalization of $2.14 billion, a PE ratio of 6.01 and a beta of 2.37. Sunrun has a 1-year low of $8.22 and a 1-year high of $22.44.

Sunrun (NASDAQ:RUN) last announced its quarterly earnings results on Wednesday, August 5th. The energy company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.19. Sunrun had a net margin of 11.59% and a return on equity of 9.59%. The company had revenue of $869.99 million for the quarter, compared to analysts’ expectations of $746.87 million. During the same quarter in the previous year, the business posted $1.07 EPS. Sunrun’s revenue was up 52.8% compared to the same quarter last year. As a group, equities analysts expect that Sunrun will post 1.18 EPS for the current fiscal year.

Sunrun Company Profile

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.