Sunrun (NASDAQ:RUN) Raised to Hold at Wall Street Zen

Sunrun (NASDAQ:RUN) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

A number of other research firms have also weighed in on RUN. Zacks Research lowered Sunrun from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 2nd. Citigroup reduced their price target on shares of Sunrun from $20.00 to $16.00 and set a “buy” rating on the stock in a research note on Friday, August 7th. TD Cowen decreased their price objective on shares of Sunrun from $21.00 to $16.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Barclays lowered their price objective 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, Glj Research restated a “sell” rating and issued a $4.63 target price on shares of Sunrun in a research note on Friday, July 10th. Twelve analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Sunrun currently has a consensus rating of “Hold” and an average price target of $16.81.

Sunrun Stock Performance

RUN opened at $10.19 on Friday. The company has a debt-to-equity ratio of 3.34, a quick ratio of 1.00 and a current ratio of 1.42. The stock’s 50 day moving average price is $11.79 and its 200-day moving average price is $13.79. Sunrun has a one year low of $8.61 and a one year high of $22.44. The stock has a market cap of $2.45 billion, a price-to-earnings ratio of 6.89 and a beta of 2.36.

Sunrun (NASDAQ:RUN) last issued its quarterly earnings results on Wednesday, August 5th. The energy company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.19. Sunrun had a return on equity of 9.59% and a net margin of 11.59%.The firm had revenue of $869.99 million during the quarter, compared to analyst estimates of $746.87 million. During the same period last year, the company earned $1.07 EPS. Sunrun’s quarterly revenue was up 52.8% compared to the same quarter last year. On average, equities analysts forecast that Sunrun will post 1.13 EPS for the current year.

Insider Transactions at Sunrun

In related news, CEO Mary Powell sold 23,985 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 transaction of $316,362.15. Following the completion of the sale, the chief executive officer directly owned 1,111,535 shares in the company, valued at $14,661,146.65. This represents a 2.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Lynn Michelle Jurich sold 50,000 shares of the stock in a transaction on Monday, June 1st. The shares were sold at an average price of $15.92, for a total value of $796,000.00. Following the sale, the director owned 459,091 shares of the company’s stock, valued at approximately $7,308,728.72. This represents a 9.82% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 223,045 shares of company stock worth $2,934,835. Company insiders own 3.55% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Farther Finance Advisors LLC boosted its holdings 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 purchasing an additional 885 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Sunrun in the fourth quarter valued at approximately $27,000. Hantz Financial Services Inc. boosted its holdings in Sunrun by 59.1% during the fourth quarter. Hantz Financial Services Inc. now owns 1,519 shares of the energy company’s stock worth $28,000 after buying an additional 564 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of Sunrun during the 4th quarter valued at about $30,000. Finally, Salomon & Ludwin LLC grew its holdings in 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. Hedge funds and other institutional investors own 91.69% of the company’s stock.

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.