Sunrun Inc. (NASDAQ:RUN) Stock Has Consensus Target Price of $14.39

Sunrun Inc. (NASDAQ:RUN) has been assigned an average recommendation of “Hold” from the twenty-one analysts that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $14.39.

A number of equities research analysts have weighed in on RUN shares. Mizuho set a $18.00 target price on shares of Sunrun in a report on Thursday, August 6th. JPMorgan Chase & Co. lowered their price objective on Sunrun from $14.00 to $12.00 and set an “overweight” rating for the company in a research report on Monday, October 19th. Wells Fargo & Company cut their price objective on Sunrun from $22.00 to $17.00 and set an “overweight” rating on the stock in a research note on Friday, August 14th. Glj Research restated a “sell” rating and issued a $4.63 price target on shares of Sunrun in a research report on Monday, August 17th. Finally, Weiss Ratings raised shares of Sunrun from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, October 9th.

Sunrun Price Performance

Sunrun stock opened at $7.58 on Wednesday. Sunrun has a 12 month low of $6.78 and a 12 month high of $21.95. The stock’s 50 day moving average is $8.32 and its 200-day moving average is $11.13. The company has a current ratio of 1.42, a quick ratio of 1.00 and a debt-to-equity ratio of 3.34. The company has a market capitalization of $1.83 billion, a price-to-earnings ratio of 5.12 and a beta of 2.44.

Sunrun (NASDAQ:RUN) last posted its quarterly earnings data on Wednesday, August 5th. The energy company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.19. The firm had revenue of $869.99 million during the quarter, compared to the consensus estimate of $746.87 million. Sunrun had a net margin of 11.59% and a return on equity of 9.59%. The business’s revenue for the quarter was up 52.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.07 EPS. Equities research analysts expect that Sunrun will post 1.46 EPS for the current year.

Insider Activity at Sunrun

In other Sunrun news, insider Jeanna Steele sold 10,042 shares of the stock in a transaction that occurred on Tuesday, October 6th. The stock was sold at an average price of $7.76, for a total value of $77,925.92. Following the transaction, the insider owned 451,673 shares in the company, valued at approximately $3,504,982.48. This represents a 2.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Danny Abajian sold 16,734 shares of the stock in a transaction on Tuesday, October 6th. The stock was sold at an average price of $7.76, for a total value of $129,855.84. Following the completion of the transaction, the chief financial officer owned 386,532 shares in the company, valued at approximately $2,999,488.32. This represents a 4.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 118,719 shares of company stock worth $1,031,277. 3.55% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Sunrun

Several hedge funds have recently modified their holdings of RUN. Robeco Schweiz AG raised its stake in Sunrun by 28.5% in the 3rd quarter. Robeco Schweiz AG now owns 5,478,228 shares of the energy company’s stock valued at $42,566,000 after acquiring an additional 1,214,548 shares during the period. Robeco Institutional Asset Management B.V. bought a new stake in shares of Sunrun during the 3rd quarter valued at $655,000. Diversify Advisory Services LLC lifted its holdings in Sunrun by 4.5% during the 3rd quarter. Diversify Advisory Services LLC now owns 863,964 shares of the energy company’s stock worth $6,601,000 after purchasing an additional 36,887 shares in the last quarter. Prime Capital Investment Advisors LLC bought a new stake in shares of Sunrun during the third quarter valued at about $80,000. Finally, Vontobel Holding Ltd. lifted its holdings in shares of Sunrun by 77.5% in the third quarter. Vontobel Holding Ltd. now owns 195,585 shares of the energy company’s stock worth $1,520,000 after buying an additional 85,369 shares in the last quarter. Institutional investors own 91.69% of the company’s stock.

Sunrun Company Profile

Sunrun Inc is a residential clean-energy company that designs, sells, installs, owns and maintains home solar energy systems. The company provides rooftop solar panels and related equipment through purchase and financing options, as well as subscription-based solar-as-a-service arrangements under which customers pay for the electricity their systems produce.

Sunrun also offers home energy storage through its Brightbox battery product. These systems can store solar-generated electricity for use when solar production is unavailable and may provide backup power during grid outages.