BidaskClub upgraded shares of Sunrun (NASDAQ:RUN) from a hold rating to a buy rating in a report released on Saturday morning, BidAskClub reports.

RUN has been the topic of a number of other research reports. ValuEngine cut shares of Sunrun from a strong-buy rating to a buy rating in a research report on Thursday, December 20th. Zacks Investment Research upgraded shares of Sunrun from a hold rating to a buy rating and set a $18.00 target price on the stock in a research report on Wednesday, March 6th. Credit Suisse Group set a $24.00 target price on shares of Sunrun and gave the stock a buy rating in a research report on Friday, March 1st. Finally, TheStreet cut shares of Sunrun from a b- rating to a c+ rating in a research report on Friday, March 29th. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of $17.64.

Shares of NASDAQ:RUN opened at $15.62 on Friday. The firm has a market capitalization of $1.80 billion, a P/E ratio of 67.91, a price-to-earnings-growth ratio of 0.64 and a beta of 0.55. Sunrun has a 52 week low of $8.43 and a 52 week high of $17.09. The company has a debt-to-equity ratio of 1.61, a quick ratio of 1.03 and a current ratio of 1.24.

Sunrun (NASDAQ:RUN) last issued its earnings results on Thursday, February 28th. The energy company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.51). The business had revenue of $240.12 million during the quarter, compared to analysts’ expectations of $177.45 million. Sunrun had a return on equity of 2.09% and a net margin of 3.51%. As a group, equities analysts forecast that Sunrun will post 1.18 earnings per share for the current fiscal year.

In other Sunrun news, General Counsel Jeanna Steele sold 4,657 shares of the firm’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $14.58, for a total value of $67,899.06. Following the sale, the general counsel now owns 112,812 shares of the company’s stock, valued at approximately $1,644,798.96. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Edward Harris Fenster sold 30,442 shares of the firm’s stock in a transaction on Wednesday, February 13th. The stock was sold at an average price of $15.11, for a total transaction of $459,978.62. Following the completion of the sale, the chairman now directly owns 2,351,657 shares in the company, valued at approximately $35,533,537.27. The disclosure for this sale can be found here. In the last three months, insiders sold 578,290 shares of company stock worth $9,129,864. Insiders own 19.45% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. FMR LLC grew its holdings in Sunrun by 0.9% in the 4th quarter. FMR LLC now owns 16,777,863 shares of the energy company’s stock worth $182,711,000 after acquiring an additional 141,866 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Sunrun by 8.8% during the 3rd quarter. Vanguard Group Inc. now owns 7,664,932 shares of the energy company’s stock valued at $95,351,000 after purchasing an additional 618,002 shares in the last quarter. Vanguard Group Inc boosted its stake in shares of Sunrun by 8.8% during the 3rd quarter. Vanguard Group Inc now owns 7,664,932 shares of the energy company’s stock valued at $95,351,000 after purchasing an additional 618,002 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Sunrun by 4.8% during the 4th quarter. BlackRock Inc. now owns 6,725,927 shares of the energy company’s stock valued at $73,246,000 after purchasing an additional 306,011 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in shares of Sunrun by 147.8% during the 4th quarter. Millennium Management LLC now owns 2,946,325 shares of the energy company’s stock valued at $32,085,000 after purchasing an additional 1,757,496 shares in the last quarter. 85.56% of the stock is currently owned by institutional investors and hedge funds.

Sunrun Company Profile

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 energy systems and products, such as panels and racking, as well as solar leads generated to customers. The company markets and sells its products through direct-to-consumer approach across online, retail, mass media, digital media, canvassing, field marketing, and referral channels, as well as its partner network.

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Analyst Recommendations for Sunrun (NASDAQ:RUN)

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