Sunrun (NASDAQ:RUN) Upgraded at StockNews.com

StockNews.com upgraded shares of Sunrun (NASDAQ:RUN) to a sell rating in a research report report published on Thursday.

A number of other equities research analysts have also recently commented on RUN. The Goldman Sachs Group lowered their price objective on shares of Sunrun from $17.00 to $15.00 and set a “buy” rating on the stock in a research note on Monday, March 3rd. Barclays dropped their price objective on shares of Sunrun from $18.00 to $15.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 28th. Wells Fargo & Company reduced their target price on Sunrun from $15.00 to $12.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. BMO Capital Markets dropped their price target on Sunrun from $11.00 to $9.00 and set a “market perform” rating for the company in a research report on Monday, March 3rd. Finally, Royal Bank of Canada cut their target price on shares of Sunrun from $14.00 to $12.00 and set an “outperform” rating for the company in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Sunrun presently has a consensus rating of “Hold” and an average price target of $14.82.

Sunrun Stock Performance

NASDAQ:RUN opened at $9.38 on Thursday. The firm’s fifty day simple moving average is $6.77 and its 200-day simple moving average is $9.01. The company has a quick ratio of 1.15, a current ratio of 1.47 and a debt-to-equity ratio of 1.92. The stock has a market cap of $2.14 billion, a PE ratio of -5.15 and a beta of 2.66. Sunrun has a fifty-two week low of $5.45 and a fifty-two week high of $22.26.

Sunrun (NASDAQ:RUN) last posted its quarterly earnings results on Wednesday, May 7th. The energy company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.42. The company had revenue of $504.27 million during the quarter, compared to the consensus estimate of $487.29 million. Sunrun had a negative net margin of 18.80% and a negative return on equity of 5.15%. The company’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same period last year, the firm earned ($0.40) EPS. Analysts expect that Sunrun will post -0.43 earnings per share for the current fiscal year.

Insider Activity at Sunrun

In other Sunrun news, insider Jeanna Steele sold 9,942 shares of the stock in a transaction on Monday, April 7th. The shares were sold at an average price of $6.74, for a total transaction of $67,009.08. Following the sale, the insider now directly owns 291,238 shares of the company’s stock, valued at approximately $1,962,944.12. This represents a 3.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mary Powell sold 31,197 shares of the business’s stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $6.74, for a total transaction of $210,267.78. Following the sale, the chief executive officer now directly owns 534,615 shares of the company’s stock, valued at approximately $3,603,305.10. This represents a 5.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 138,540 shares of company stock valued at $1,050,944 over the last three months. 3.77% of the stock is owned by insiders.

Institutional Investors Weigh In On Sunrun

Several large investors have recently added to or reduced their stakes in the stock. KLP Kapitalforvaltning AS bought a new position in shares of Sunrun during the fourth quarter worth about $402,000. Clal Insurance Enterprises Holdings Ltd acquired a new stake in shares of Sunrun in the fourth quarter valued at approximately $18,500,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Sunrun by 7.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,325,562 shares of the energy company’s stock valued at $21,511,000 after buying an additional 155,311 shares during the last quarter. Essex Investment Management Co. LLC acquired a new position in shares of Sunrun during the fourth quarter worth approximately $403,000. Finally, Soros Fund Management LLC grew its holdings in Sunrun by 1,994.7% in the 4th quarter. Soros Fund Management LLC now owns 1,675,798 shares of the energy company’s stock worth $15,501,000 after buying an additional 1,595,798 shares in the last quarter. 91.69% of the stock is owned by institutional investors and hedge funds.

Sunrun Company Profile

Sunrun Inc designs, develops, installs, sells, owns, and maintains residential solar energy systems in the United States. It also sells solar energy systems and products, such as panels and racking; and solar leads generated to customers. In addition, the company offers battery storage along with solar energy systems; and sells services to commercial developers through multi-family and new homes.