Sunrun (NASDAQ:RUN) had its target price boosted by Credit Suisse Group from $22.00 to $23.00 in a report published on Friday. The firm currently has a buy rating on the energy company’s stock.

RUN has been the subject of several other research reports. Zacks Investment Research downgraded shares of Sunrun from a hold rating to a sell rating in a research report on Wednesday, April 18th. TheStreet upgraded shares of Sunrun from a d+ rating to a c+ rating in a research report on Monday, August 6th. Guggenheim restated a buy rating and set a $12.00 price objective on shares of Sunrun in a research report on Thursday, April 12th. Goldman Sachs Group downgraded shares of Sunrun from a buy rating to a neutral rating and set a $12.00 price objective for the company. in a research report on Wednesday, July 18th. They noted that the move was a valuation call. Finally, ValuEngine downgraded shares of Sunrun from a strong-buy rating to a buy rating in a research report on Thursday, August 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Sunrun currently has a consensus rating of Buy and a consensus target price of $14.73.

RUN stock traded down $1.05 on Friday, hitting $13.29. The company’s stock had a trading volume of 9,787,406 shares, compared to its average volume of 1,677,412. Sunrun has a 1 year low of $4.21 and a 1 year high of $16.44. The company has a market cap of $1.56 billion, a price-to-earnings ratio of 15.45, a price-to-earnings-growth ratio of 0.64 and a beta of -0.81. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.53 and a quick ratio of 1.24.

Sunrun (NASDAQ:RUN) last released its quarterly earnings results on Thursday, August 9th. The energy company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.31). Sunrun had a net margin of 24.53% and a return on equity of 9.34%. The business had revenue of $170.50 million during the quarter, compared to analysts’ expectations of $167.64 million. During the same quarter last year, the company earned $0.23 EPS. The firm’s revenue for the quarter was up 30.6% compared to the same quarter last year. analysts anticipate that Sunrun will post 1.43 earnings per share for the current year.

In other Sunrun news, CEO Lynn Michelle Jurich sold 131,004 shares of the company’s stock in a transaction on Wednesday, August 1st. The shares were sold at an average price of $14.13, for a total transaction of $1,851,086.52. Following the completion of the transaction, the chief executive officer now owns 2,984,586 shares in the company, valued at approximately $42,172,200.18. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Edward Harris Fenster sold 90,224 shares of the company’s stock in a transaction on Thursday, July 26th. The stock was sold at an average price of $15.22, for a total transaction of $1,373,209.28. Following the transaction, the chairman now owns 2,281,215 shares of the company’s stock, valued at approximately $34,720,092.30. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 3,820,990 shares of company stock valued at $46,106,677. 19.45% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. United Services Automobile Association increased its holdings in shares of Sunrun by 25.4% in the 2nd quarter. United Services Automobile Association now owns 27,185 shares of the energy company’s stock valued at $357,000 after purchasing an additional 5,507 shares in the last quarter. FMR LLC increased its holdings in shares of Sunrun by 1.2% in the 2nd quarter. FMR LLC now owns 16,349,797 shares of the energy company’s stock valued at $215,000,000 after purchasing an additional 190,267 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Sunrun by 4.2% in the 2nd quarter. BlackRock Inc. now owns 6,286,214 shares of the energy company’s stock valued at $82,664,000 after purchasing an additional 252,109 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in shares of Sunrun in the 2nd quarter valued at about $702,000. Finally, Swiss National Bank increased its holdings in shares of Sunrun by 16.3% in the 2nd quarter. Swiss National Bank now owns 140,050 shares of the energy company’s stock valued at $1,842,000 after purchasing an additional 19,600 shares in the last quarter. Institutional investors and hedge funds own 77.34% of the company’s stock.

About Sunrun

Sunrun Inc engages in the design, development, installation, sale, ownership, and maintenance of residential solar energy systems in the United States. It also sells solar leads. The company markets and sells its products through direct channels, partner channels, mass media, digital media, canvassing, referral, retail, and field marketing.

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Analyst Recommendations for Sunrun (NASDAQ:RUN)

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