Sunrun Inc. (NASDAQ:RUN) Receives Average Recommendation of “Hold” from Analysts

Sunrun Inc. (NASDAQ:RUN) has been assigned an average recommendation of “Hold” from the twenty-two analysts that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $17.0350.

Several analysts recently commented on RUN shares. Susquehanna dropped their price target on Sunrun from $18.00 to $15.00 and set a “positive” rating for the company in a research report on Friday, August 7th. TD Cowen decreased their price objective on Sunrun from $21.00 to $16.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Citigroup dropped their target price on shares of Sunrun from $20.00 to $16.00 and set a “buy” rating for the company in a report on Friday, August 7th. Barclays reduced their target price on shares of Sunrun from $23.00 to $14.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 21st. Finally, Oppenheimer reissued an “outperform” rating and issued a $20.00 price target on shares of Sunrun in a research note on Thursday, August 6th.

Insider Buying and Selling

In other news, CRO Paul S. Dickson sold 15,613 shares of the business’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $13.18, for a total transaction of $205,779.34. Following the transaction, the executive directly owned 839,539 shares in the company, valued at $11,065,124.02. The trade was a 1.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Mary Powell sold 23,985 shares of the company’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $13.19, for a total value of $316,362.15. Following the completion of the sale, the chief executive officer owned 1,111,535 shares of the company’s stock, valued at $14,661,146.65. This trade represents a 2.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 223,045 shares of company stock worth $2,934,835 in the last 90 days. Corporate insiders own 3.55% of the company’s stock.

Hedge Funds Weigh In On Sunrun

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RUN. Farther Finance Advisors LLC increased its stake in shares of Sunrun by 156.9% in the 4th quarter. Farther Finance Advisors LLC now owns 1,449 shares of the energy company’s stock worth $27,000 after acquiring an additional 885 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in shares of Sunrun during the 4th quarter valued at about $27,000. Hantz Financial Services Inc. boosted its position in shares of Sunrun by 59.1% during the 4th quarter. Hantz Financial Services Inc. now owns 1,519 shares of the energy company’s stock valued at $28,000 after acquiring an additional 564 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in shares of Sunrun during the 4th quarter valued at about $30,000. Finally, Salomon & Ludwin LLC grew its holdings in shares of Sunrun by 49.2% in the fourth quarter. Salomon & Ludwin LLC now owns 1,693 shares of the energy company’s stock valued at $31,000 after purchasing an additional 558 shares during the period. Institutional investors and hedge funds own 91.69% of the company’s stock.

Sunrun Trading Up 0.2%

RUN stock opened at $9.86 on Friday. The company has a current ratio of 1.42, a quick ratio of 1.00 and a debt-to-equity ratio of 3.34. Sunrun has a 12-month low of $8.61 and a 12-month high of $22.44. The stock has a market cap of $2.37 billion, a price-to-earnings ratio of 6.66 and a beta of 2.35. The business’s 50-day moving average is $11.85 and its 200 day moving average is $13.86.

Sunrun (NASDAQ:RUN) last announced its earnings results on Wednesday, August 5th. The energy company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.19. The business had revenue of $869.99 million during the quarter, compared to analysts’ expectations of $746.87 million. Sunrun had a return on equity of 9.59% and a net margin of 11.59%.The business’s revenue was up 52.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.07 earnings per share. On average, sell-side analysts anticipate that Sunrun will post 1.13 EPS for the current fiscal year.

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.