Sunrun (NASDAQ:RUN) Stock Rating Upgraded by Wall Street Zen

Sunrun (NASDAQ:RUN) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Sunday, Wall Street Zen reports.

Other equities analysts have also issued research reports about the stock. Susquehanna dropped their price objective on shares of Sunrun from $15.00 to $13.00 and set a “positive” rating on the stock in a report on Wednesday, October 14th. Oppenheimer reissued an “outperform” rating and set a $20.00 price objective on shares of Sunrun in a research report on Thursday, August 6th. Glj Research reissued a “sell” rating and set a $4.63 price objective on shares of Sunrun in a research report on Monday, August 17th. Morgan Stanley reduced their target price on Sunrun from $15.00 to $10.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 14th. Finally, Mizuho set a $18.00 target price on Sunrun in a research report on Thursday, August 6th. Twelve equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $14.39.

Sunrun Price Performance

Sunrun stock opened at $6.89 on Friday. The stock has a market capitalization of $1.66 billion, a price-to-earnings ratio of 4.66 and a beta of 2.44. Sunrun has a 52-week low of $6.86 and a 52-week high of $21.95. 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 $8.51 and its two-hundred day moving average price is $11.30.

Sunrun (NASDAQ:RUN) last released its quarterly earnings data on Wednesday, August 5th. The energy company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.19. Sunrun had a net margin of 11.59% and a return on equity of 9.59%. The company had revenue of $869.99 million during the quarter, compared to analyst estimates of $746.87 million. During the same quarter in the previous year, the business posted $1.07 EPS. Sunrun’s revenue for the quarter was up 52.8% compared to the same quarter last year. On average, equities analysts predict that Sunrun will post 1.46 earnings per share for the current year.

Insider Buying and Selling at Sunrun

In other Sunrun news, CRO Paul Dickson sold 15,837 shares of the company’s stock in a transaction on Tuesday, October 6th. The shares were sold at an average price of $7.76, for a total transaction of $122,895.12. Following the transaction, the executive owned 823,702 shares in the company, valued at approximately $6,391,927.52. This represents a 1.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Mary Powell sold 24,335 shares of the firm’s stock in a transaction on Tuesday, October 6th. The shares were sold at an average price of $7.76, for a total transaction of $188,839.60. Following the completion of the transaction, the chief executive officer directly owned 1,087,200 shares in the company, valued at $8,436,672. This trade represents a 2.19% 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 a total of 118,719 shares of company stock worth $1,031,277 in the last ninety days. 3.55% of the stock is currently owned by corporate insiders.

Institutional Trading of Sunrun

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vontobel Holding Ltd. boosted its position in shares of Sunrun by 77.5% during the third quarter. Vontobel Holding Ltd. now owns 195,585 shares of the energy company’s stock valued at $1,520,000 after buying an additional 85,369 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its position in Sunrun by 33.1% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 40,264 shares of the energy company’s stock valued at $313,000 after buying an additional 10,014 shares during the last quarter. Green Alpha Advisors LLC raised its position in Sunrun by 19.6% in the 3rd quarter. Green Alpha Advisors LLC now owns 61,097 shares of the energy company’s stock valued at $475,000 after buying an additional 10,025 shares during the last quarter. U S Wealth Group LLC. raised its position in Sunrun by 23.1% in the 2nd quarter. U S Wealth Group LLC. now owns 95,946 shares of the energy company’s stock valued at $1,284,000 after buying an additional 18,006 shares during the last quarter. Finally, Sequoia Financial Advisors LLC purchased a new stake in Sunrun in the 2nd quarter valued at $594,000. 91.69% of the stock is owned by institutional investors.

About Sunrun

Sunrun Inc is a residential solar energy company that designs, installs, owns and maintains solar energy systems for homeowners. The company typically provides electricity through long-term agreements, including solar leases and power purchase agreements, allowing customers to use electricity generated by rooftop solar systems without purchasing the equipment outright.

Sunrun also offers energy storage solutions, including its BrightBox battery system, which can store electricity for use during outages, periods of high demand or when solar generation is unavailable.