Sunrun Inc. (NASDAQ:RUN) was downgraded by analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a research note issued on Friday.

Other equities analysts have also issued reports about the company. BidaskClub lowered Sunrun from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 11th. Zacks Investment Research raised Sunrun from a “hold” rating to a “buy” rating and set a $7.75 price objective on the stock in a research note on Wednesday, July 12th. Goldman Sachs Group, Inc. (The) set a $10.00 price objective on Sunrun and gave the company a “buy” rating in a research note on Tuesday, June 20th. Bank of America Corporation reaffirmed a “neutral” rating and issued a $8.00 price objective (up from $7.75) on shares of Sunrun in a research note on Thursday, August 10th. Finally, Barclays PLC lifted their price objective on Sunrun from $6.00 to $8.00 and gave the company an “overweight” rating in a research note on Tuesday, August 8th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $9.24.

Shares of Sunrun (NASDAQ RUN) traded up 1.04% during mid-day trading on Friday, reaching $6.77. 764,593 shares of the company’s stock were exchanged. The stock has a market cap of $718.71 million, a price-to-earnings ratio of 8.69 and a beta of -0.69. Sunrun has a 52 week low of $4.15 and a 52 week high of $7.78. The stock has a 50 day moving average price of $7.07 and a 200 day moving average price of $5.91.

Sunrun (NASDAQ:RUN) last released its quarterly earnings data on Monday, August 7th. The energy company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.03. The business had revenue of $137.85 million for the quarter, compared to analyst estimates of $143.35 million. Sunrun had a return on equity of 8.76% and a net margin of 17.65%. The company’s revenue was up 12.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.31 EPS. Equities research analysts predict that Sunrun will post $1.01 EPS for the current year.

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In related news, Chairman Edward Harris Fenster sold 115,094 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $6.82, for a total transaction of $784,941.08. Following the sale, the chairman now directly owns 2,371,439 shares in the company, valued at approximately $16,173,213.98. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Steven Vassallo sold 33,576 shares of the firm’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $7.16, for a total value of $240,404.16. The disclosure for this sale can be found here. Company insiders own 24.13% of the company’s stock.

Several large investors have recently made changes to their positions in RUN. FMR LLC increased its stake in shares of Sunrun by 0.8% in the second quarter. FMR LLC now owns 15,816,308 shares of the energy company’s stock valued at $112,612,000 after buying an additional 125,000 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Sunrun by 6.7% in the second quarter. Vanguard Group Inc. now owns 5,853,579 shares of the energy company’s stock valued at $41,677,000 after buying an additional 369,721 shares during the last quarter. Quentec Asset Management LLC increased its stake in shares of Sunrun by 1.6% in the second quarter. Quentec Asset Management LLC now owns 5,216,058 shares of the energy company’s stock valued at $37,139,000 after buying an additional 82,693 shares during the last quarter. State Street Corp increased its stake in shares of Sunrun by 22.7% in the second quarter. State Street Corp now owns 1,628,766 shares of the energy company’s stock valued at $11,596,000 after buying an additional 300,923 shares during the last quarter. Finally, Uniplan Investment Counsel Inc. increased its stake in shares of Sunrun by 4.1% in the first quarter. Uniplan Investment Counsel Inc. now owns 1,391,025 shares of the energy company’s stock valued at $7,511,000 after buying an additional 55,368 shares during the last quarter. Institutional investors and hedge funds own 73.64% of the company’s stock.

About Sunrun

Sunrun Inc 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. As of December 31, 2016, it operated a fleet of residential solar energy systems in the United States, with approximately 134,000 customers across 16 states, as well as the District of Columbia.

Analyst Recommendations for Sunrun (NASDAQ:RUN)

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