Sunrun’s (RUN) Sell Rating Reiterated at Glj Research

Glj Research reissued their sell rating on shares of Sunrun (NASDAQ:RUN) in a research report report published on Monday morning,Benzinga reports. Glj Research currently has a $4.63 target price on the energy company’s stock.

RUN has been the subject of a number of other research reports. Weiss Ratings cut shares of Sunrun from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, July 28th. Zacks Research lowered shares of Sunrun from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 2nd. Royal Bank Of Canada lowered their price objective on shares of Sunrun from $18.00 to $14.00 and set an “outperform” rating for the company in a research report on Thursday, August 6th. The Goldman Sachs Group dropped their price objective on shares of Sunrun from $18.00 to $15.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Finally, Wall Street Zen upgraded shares of Sunrun from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. Twelve research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Sunrun currently has an average rating of “Hold” and an average price target of $16.81.

Sunrun Price Performance

Sunrun stock opened at $9.80 on Monday. The company has a debt-to-equity ratio of 3.34, a quick ratio of 1.00 and a current ratio of 1.42. Sunrun has a 52 week low of $8.61 and a 52 week high of $22.44. The stock has a market capitalization of $2.36 billion, a P/E ratio of 6.62 and a beta of 2.35. The stock has a fifty day moving average of $11.61 and a 200-day moving average of $13.56.

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

Insider Activity at Sunrun

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

Institutional Investors Weigh In On Sunrun

A number of institutional investors have recently made changes to their positions in RUN. Dimensional Fund Advisors LP increased its stake in shares of Sunrun by 2.6% in the first quarter. Dimensional Fund Advisors LP now owns 6,519,053 shares of the energy company’s stock valued at $88,375,000 after buying an additional 165,196 shares during the period. Invesco Ltd. lifted its stake in shares of Sunrun by 26.6% in the fourth quarter. Invesco Ltd. now owns 5,868,199 shares of the energy company’s stock worth $107,975,000 after acquiring an additional 1,231,628 shares during the period. Geode Capital Management LLC boosted its holdings in Sunrun by 3.8% in the fourth quarter. Geode Capital Management LLC now owns 5,663,239 shares of the energy company’s stock valued at $104,220,000 after acquiring an additional 205,627 shares during the last quarter. Contour Asset Management LLC acquired a new stake in Sunrun during the 4th quarter valued at approximately $98,010,000. Finally, Voloridge Investment Management LLC increased its position in Sunrun by 47.3% during the 4th quarter. Voloridge Investment Management LLC now owns 3,425,297 shares of the energy company’s stock valued at $63,025,000 after purchasing an additional 1,100,666 shares during the period. 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.