Sunrun Inc (NASDAQ:RUN) has earned a consensus rating of “Buy” from the ten analysts that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $21.92.
Several brokerages recently commented on RUN. BidaskClub lowered shares of Sunrun from a “buy” rating to a “hold” rating in a report on Friday, August 30th. Roth Capital set a $24.00 price target on shares of Sunrun and gave the stock a “buy” rating in a report on Thursday, May 23rd. Zacks Investment Research raised shares of Sunrun from a “strong sell” rating to a “hold” rating in a report on Saturday, August 10th. KeyCorp began coverage on shares of Sunrun in a report on Monday, August 19th. They issued an “overweight” rating and a $19.00 price target for the company. Finally, Goldman Sachs Group raised shares of Sunrun from a “neutral” rating to a “buy” rating and set a $20.00 price target for the company in a report on Monday, June 17th.
In other Sunrun news, COO Christopher Dawson sold 8,190 shares of the company’s stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $20.04, for a total value of $164,127.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Lynn Michelle Jurich sold 131,002 shares of the company’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $20.02, for a total transaction of $2,622,660.04. The disclosure for this sale can be found here. In the last ninety days, insiders acquired 6,461,313 shares of company stock worth $106,974,793 and sold 306,995 shares worth $6,019,525. Corporate insiders own 9.34% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. BSW Wealth Partners acquired a new stake in shares of Sunrun during the second quarter worth about $114,000. Hershey Trust Co. acquired a new stake in shares of Sunrun during the second quarter worth about $126,000. Commonwealth Equity Services LLC acquired a new stake in shares of Sunrun during the second quarter worth about $224,000. Rehmann Capital Advisory Group lifted its position in shares of Sunrun by 222.9% during the first quarter. Rehmann Capital Advisory Group now owns 12,235 shares of the energy company’s stock worth $172,000 after purchasing an additional 8,446 shares in the last quarter. Finally, Bank of Montreal Can lifted its position in shares of Sunrun by 301.5% during the second quarter. Bank of Montreal Can now owns 12,977 shares of the energy company’s stock worth $243,000 after purchasing an additional 9,745 shares in the last quarter. 83.18% of the stock is currently owned by institutional investors.
RUN stock traded up $0.12 during trading on Friday, reaching $15.95. The company had a trading volume of 63,642 shares, compared to its average volume of 1,515,057. The firm has a 50-day simple moving average of $16.52 and a 200-day simple moving average of $16.51. The company has a market cap of $1.76 billion, a price-to-earnings ratio of 69.50, a price-to-earnings-growth ratio of 5.97 and a beta of 0.75. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.69 and a current ratio of 0.83. Sunrun has a twelve month low of $8.81 and a twelve month high of $21.42.
Sunrun (NASDAQ:RUN) last posted its earnings results on Wednesday, August 7th. The energy company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.18). Sunrun had a negative net margin of 2.84% and a negative return on equity of 1.89%. The firm had revenue of $204.60 million during the quarter, compared to analyst estimates of $198.78 million. During the same quarter in the prior year, the firm earned $0.06 earnings per share. The business’s revenue for the quarter was up 20.0% on a year-over-year basis. Sell-side analysts expect that Sunrun will post 0.5 earnings per share for the current year.
Sunrun Company Profile
Sunrun Inc engages in the design, development, installation, sale, ownership, and maintenance of residential solar energy systems in the United States. It also sells solar energy systems and products, such as panels and racking, as well as solar leads generated to customers. The company markets and sells its products through direct-to-consumer approach across online, retail, mass media, digital media, canvassing, field marketing, and referral channels, as well as its partner network.
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