Sunrun (NASDAQ:RUN) Trading 7.3% Higher

Sunrun Inc. (NASDAQ:RUN) traded up 7.3% during trading on Tuesday . The company traded as high as $10.89 and last traded at $10.78. 2,531,881 shares changed hands during mid-day trading, a decline of 82% from the average session volume of 14,115,180 shares. The stock had previously closed at $10.05.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Janney Montgomery Scott downgraded shares of Sunrun from a “buy” rating to a “neutral” rating in a report on Tuesday, February 27th. Oppenheimer restated an “outperform” rating and issued a $19.00 target price on shares of Sunrun in a research note on Thursday, February 22nd. Mizuho decreased their price target on Sunrun from $28.00 to $23.00 and set a “buy” rating for the company in a research report on Friday. The Goldman Sachs Group upped their price objective on Sunrun from $20.00 to $21.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. Finally, Truist Financial reissued a “hold” rating and issued a $14.00 price target (down from $15.00) on shares of Sunrun in a report on Monday, February 26th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $21.26.

Sunrun Price Performance

The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.96 and a current ratio of 1.26. The stock has a market capitalization of $2.29 billion, a PE ratio of -1.49 and a beta of 2.46. The business’s 50-day moving average price is $12.22 and its 200 day moving average price is $13.20.

Sunrun (NASDAQ:RUN) last announced its earnings results on Wednesday, February 21st. The energy company reported ($1.33) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($1.20). Sunrun had a negative return on equity of 5.58% and a negative net margin of 71.00%. The business had revenue of $516.59 million during the quarter, compared to the consensus estimate of $499.74 million. Research analysts forecast that Sunrun Inc. will post -1.74 earnings per share for the current year.

Insider Transactions at Sunrun

In other news, Director Edward Harris Fenster sold 172,920 shares of Sunrun stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $11.95, for a total transaction of $2,066,394.00. Following the completion of the sale, the director now directly owns 1,261,317 shares in the company, valued at $15,072,738.15. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO Mary Powell sold 22,549 shares of the stock in a transaction on Monday, April 8th. The stock was sold at an average price of $12.07, for a total transaction of $272,166.43. Following the transaction, the chief executive officer now owns 379,768 shares of the company’s stock, valued at approximately $4,583,799.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Edward Harris Fenster sold 172,920 shares of the business’s stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $11.95, for a total value of $2,066,394.00. Following the transaction, the director now owns 1,261,317 shares in the company, valued at $15,072,738.15. The disclosure for this sale can be found here. Insiders have sold a total of 301,760 shares of company stock worth $3,615,990 in the last three months. Insiders own 3.76% of the company’s stock.

Hedge Funds Weigh In On Sunrun

Hedge funds have recently made changes to their positions in the company. Fifth Third Bancorp grew its position in Sunrun by 76.9% in the 4th quarter. Fifth Third Bancorp now owns 1,758 shares of the energy company’s stock valued at $35,000 after acquiring an additional 764 shares in the last quarter. Retirement Systems of Alabama grew its stake in shares of Sunrun by 0.3% during the fourth quarter. Retirement Systems of Alabama now owns 272,010 shares of the energy company’s stock worth $5,340,000 after purchasing an additional 833 shares in the last quarter. Treasurer of the State of North Carolina increased its holdings in Sunrun by 1.0% in the fourth quarter. Treasurer of the State of North Carolina now owns 93,585 shares of the energy company’s stock valued at $1,837,000 after buying an additional 910 shares during the last quarter. Manchester Capital Management LLC increased its holdings in shares of Sunrun by 41.9% in the 4th quarter. Manchester Capital Management LLC now owns 3,178 shares of the energy company’s stock valued at $62,000 after acquiring an additional 938 shares during the last quarter. Finally, Granite Bay Wealth Management LLC raised its position in shares of Sunrun by 1.6% during the 4th quarter. Granite Bay Wealth Management LLC now owns 71,370 shares of the energy company’s stock worth $1,401,000 after acquiring an additional 1,125 shares in the last quarter. Institutional investors and hedge funds own 91.69% of the company’s stock.

Sunrun Company Profile

Sunrun Inc designs, develops, installs, sells, owns, and maintains residential solar energy systems in the United States. It also sells solar energy systems and products, such as panels and racking; and solar leads generated to customers. In addition, the company offers battery storage along with solar energy systems; and sells services to commercial developers through multi-family and new homes.