Sunrun (NASDAQ:RUN) is set to release its earnings data after the market closes on Thursday, February 25th. Analysts expect Sunrun to post earnings of $0.07 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.
Shares of Sunrun stock opened at $74.20 on Thursday. Sunrun has a 1 year low of $7.84 and a 1 year high of $100.93. The company’s fifty day simple moving average is $80.25 and its 200-day simple moving average is $64.04. The company has a market cap of $14.66 billion, a price-to-earnings ratio of 1,855.46 and a beta of 2.32. The company has a current ratio of 1.08, a quick ratio of 0.78 and a debt-to-equity ratio of 1.90.
A number of brokerages have weighed in on RUN. Zacks Investment Research raised shares of Sunrun from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a report on Friday, November 6th. Credit Suisse Group cut shares of Sunrun from an “outperform” rating to a “neutral” rating and increased their target price for the company from $68.00 to $79.00 in a research note on Wednesday, January 20th. UBS Group lowered Sunrun from a “neutral” rating to a “sell” rating and boosted their price target for the company from $25.00 to $43.00 in a research note on Tuesday, October 27th. JPMorgan Chase & Co. raised their price objective on Sunrun from $86.00 to $98.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 20th. Finally, Truist began coverage on Sunrun in a research report on Tuesday, January 12th. They set a “buy” rating and a $116.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the stock. Sunrun currently has an average rating of “Buy” and a consensus price target of $78.82.
In other news, COO Christopher Dawson sold 50,000 shares of the stock in a transaction on Monday, December 14th. The stock was sold at an average price of $58.43, for a total value of $2,921,500.00. Following the transaction, the chief operating officer now owns 281,262 shares of the company’s stock, valued at approximately $16,434,138.66. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Alan Ferber sold 13,601 shares of the company’s stock in a transaction dated Wednesday, November 25th. The shares were sold at an average price of $66.54, for a total value of $905,010.54. Following the completion of the sale, the director now directly owns 37,541 shares of the company’s stock, valued at $2,497,978.14. The disclosure for this sale can be found here. Insiders have sold a total of 1,243,383 shares of company stock valued at $85,792,193 over the last three months. 8.55% of the stock is currently owned by insiders.
An institutional investor recently bought a new position in Sunrun stock. OLD Mission Capital LLC purchased a new stake in Sunrun Inc. (NASDAQ:RUN) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 11,132 shares of the energy company’s stock, valued at approximately $858,000. 85.35% of the stock is currently owned by institutional investors.
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. In addition, the company offers battery storage along with solar energy systems.
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