Sunrun Inc. (NASDAQ:RUN) has received a consensus recommendation of “Buy” from the eleven brokerages that are presently covering the stock. Two research analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $11.32.

A number of analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Sunrun from a “buy” rating to a “hold” rating in a report on Saturday, July 9th. Deutsche Bank AG restated a “buy” rating and set a $15.00 price objective on shares of Sunrun in a report on Monday, August 15th. Oppenheimer Holdings Inc. restated an “outperform” rating and set a $9.00 price objective (up previously from $8.00) on shares of Sunrun in a report on Monday, August 15th. Credit Suisse Group AG restated a “buy” rating and set a $18.00 price objective on shares of Sunrun in a report on Friday, August 12th. Finally, JMP Securities assumed coverage on shares of Sunrun in a report on Thursday, September 8th. They set an “outperform” rating and a $8.50 price objective for the company.

In other Sunrun news, major shareholder Foundation Capital Vi Principa sold 42,306 shares of Sunrun stock in a transaction that occurred on Tuesday, September 13th. The shares were sold at an average price of $5.82, for a total transaction of $246,220.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder William B. Elmore sold 27,384 shares of Sunrun stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $6.06, for a total transaction of $165,947.04. The disclosure for this sale can be found here. 42.19% of the stock is currently owned by insiders.

A number of large investors have recently made changes to their positions in the stock. California State Teachers Retirement System raised its stake in shares of Sunrun by 245.1% in the second quarter. California State Teachers Retirement System now owns 132,626 shares of the company’s stock valued at $786,000 after buying an additional 94,196 shares during the last quarter. Robecosam AG raised its stake in shares of Sunrun by 113.5% in the first quarter. Robecosam AG now owns 768,000 shares of the company’s stock valued at $4,969,000 after buying an additional 408,243 shares during the last quarter. Quentec Asset Management LLC raised its stake in shares of Sunrun by 114.0% in the first quarter. Quentec Asset Management LLC now owns 2,506,860 shares of the company’s stock valued at $16,244,000 after buying an additional 1,335,487 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in shares of Sunrun by 0.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 173,809 shares of the company’s stock valued at $1,126,000 after buying an additional 513 shares during the last quarter. Finally, Chesapeake Asset Management LLC raised its stake in shares of Sunrun by 6.1% in the second quarter. Chesapeake Asset Management LLC now owns 34,772 shares of the company’s stock valued at $206,000 after buying an additional 2,008 shares during the last quarter. Institutional investors and hedge funds own 67.06% of the company’s stock.

Shares of Sunrun (NASDAQ:RUN) traded down 0.96% during mid-day trading on Thursday, hitting $6.20. 399,091 shares of the stock were exchanged. The stock’s 50-day moving average is $5.96 and its 200-day moving average is $6.13. The stock has a market capitalization of $639.05 million, a price-to-earnings ratio of 187.88 and a beta of -1.20. Sunrun has a 52 week low of $4.86 and a 52 week high of $14.95.

Sunrun (NASDAQ:RUN) last announced its earnings results on Thursday, August 11th. The company reported $0.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.40) by $0.71. The company earned $122.50 million during the quarter, compared to the consensus estimate of $111.15 million. Sunrun had a net margin of 6.94% and a return on equity of 3.30%. The firm’s revenue for the quarter was up 68.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.29 earnings per share. Analysts forecast that Sunrun will post ($0.12) earnings per share for the current fiscal year.

About Sunrun

Sunrun Inc (Sunrun) is engaged in the design, development, installation, sale, ownership and maintenance of residential solar energy systems (Projects) in the United States. The Company is engaged in providing solar energy services and products to its customers. Sunrun has over 111,000 customers across 15 states, as well as the District of Columbia.

5 Day Chart for NASDAQ:RUN

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