Sunrun Inc. (NASDAQ:RUN) Given Consensus Rating of “Hold” by Analysts

Sunrun Inc. (NASDAQ:RUN) has earned a consensus rating of “Hold” from the twenty-two research firms that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $18.8128.

A number of brokerages have commented on RUN. Zacks Research downgraded shares of Sunrun from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 2nd. Jefferies Financial Group lowered their price target on shares of Sunrun from $22.00 to $15.00 and set a “hold” rating on the stock in a report on Tuesday, April 7th. Citigroup cut their price objective on shares of Sunrun from $26.00 to $20.00 and set a “buy” rating on the stock in a research report on Tuesday, April 21st. JPMorgan Chase & Co. reduced their price objective on shares of Sunrun from $25.00 to $22.00 and set an “overweight” rating for the company in a research note on Thursday, April 16th. Finally, Wall Street Zen cut shares of Sunrun from a “hold” rating to a “sell” rating in a research report on Saturday, April 25th.

Sunrun Price Performance

Shares of RUN opened at $11.85 on Monday. The firm has a fifty day moving average price of $13.55 and a 200-day moving average price of $14.96. The company has a current ratio of 1.45, a quick ratio of 1.09 and a debt-to-equity ratio of 3.44. The firm has a market capitalization of $2.83 billion, a P/E ratio of 5.56 and a beta of 2.32. Sunrun has a 12-month low of $9.01 and a 12-month high of $22.44.

Sunrun (NASDAQ:RUN) last announced its quarterly earnings data on Wednesday, May 6th. The energy company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.67. Sunrun had a return on equity of 14.06% and a net margin of 17.88%.The company had revenue of $722.23 million for the quarter, compared to analysts’ expectations of $688.50 million. During the same quarter in the prior year, the firm earned $0.20 earnings per share. Sunrun’s revenue was up 43.2% compared to the same quarter last year. Equities research analysts expect that Sunrun will post 1.01 earnings per share for the current year.

Insider Buying and Selling at Sunrun

In related news, insider Jeanna Steele sold 9,897 shares of the company’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of $13.19, for a total value of $130,541.43. Following the transaction, the insider directly owned 461,715 shares of the company’s stock, valued at $6,090,020.85. This represents a 2.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Maria Barak sold 3,278 shares of the business’s stock in a transaction dated Thursday, July 9th. The shares were sold at an average price of $12.17, for a total value of $39,893.26. Following the sale, the chief accounting officer owned 90,033 shares in the company, valued at approximately $1,095,701.61. The trade was a 3.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 223,045 shares of company stock valued at $3,081,335. Insiders own 3.55% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of RUN. Farther Finance Advisors LLC boosted its position in Sunrun by 156.9% in the fourth quarter. Farther Finance Advisors LLC now owns 1,449 shares of the energy company’s stock valued at $27,000 after buying an additional 885 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Sunrun during the fourth quarter worth $27,000. Sycomore Asset Management acquired a new position in Sunrun during the third quarter valued at $28,000. Hantz Financial Services Inc. lifted its position in Sunrun by 59.1% during the fourth quarter. Hantz Financial Services Inc. now owns 1,519 shares of the energy company’s stock valued at $28,000 after purchasing an additional 564 shares during the period. Finally, Kestra Advisory Services LLC acquired a new stake in Sunrun during the 4th quarter worth about $30,000. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

Sunrun Company Profile

Sunrun, Inc (NASDAQ: RUN) is a leading provider of residential solar energy systems in the United States. The company designs, installs and maintains rooftop solar panels and battery storage solutions for homeowners under flexible financing arrangements. Customers can choose from leasing, power purchase agreements or solar ownership models, all of which are supported by Sunrun’s network of installation partners and service technicians. Sunrun also offers integrated home energy management services, including its Brightbox battery storage product, which enables customers to store solar energy for use during peak hours or power outages.

Founded in 2007 by Lynn Jurich, Ed Fenster and Nat Kreamer, Sunrun is headquartered in San Francisco, California.