Sunrun (NASDAQ:RUN) Shares Gap Down – Should You Sell?

Sunrun Inc. (NASDAQ:RUN)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $20.42, but opened at $16.92. Sunrun shares last traded at $16.8570, with a volume of 3,045,981 shares.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Sunrun in a research report on Wednesday, October 8th. UBS Group boosted their price objective on Sunrun from $16.00 to $26.00 and gave the company a “buy” rating in a research note on Tuesday, October 21st. Cowen reissued a “buy” rating on shares of Sunrun in a report on Thursday, August 7th. JPMorgan Chase & Co. lifted their price target on shares of Sunrun from $23.00 to $25.00 and gave the company an “overweight” rating in a report on Thursday, October 16th. Finally, BMO Capital Markets set a $19.00 price objective on shares of Sunrun and gave the stock a “market perform” rating in a research note on Wednesday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Sunrun currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.99.

Sunrun Price Performance

The company has a market cap of $3.82 billion, a P/E ratio of -1.44 and a beta of 2.35. The firm’s 50-day moving average is $18.41 and its two-hundred day moving average is $12.76. The company has a debt-to-equity ratio of 3.70, a current ratio of 1.41 and a quick ratio of 1.02.

Sunrun (NASDAQ:RUN) last issued its quarterly earnings data on Thursday, November 6th. The energy company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.05. The business had revenue of $724.56 million during the quarter, compared to analysts’ expectations of $601.15 million. Sunrun had a negative net margin of 120.59% and a positive return on equity of 14.19%. The business’s revenue was up 34.9% on a year-over-year basis. During the same period last year, the company posted ($0.37) EPS. Analysts anticipate that Sunrun Inc. will post -0.43 earnings per share for the current year.

Insider Transactions at Sunrun

In related news, Director Alan Ferber sold 10,927 shares of the stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $11.24, for a total transaction of $122,819.48. Following the sale, the director owned 54,947 shares in the company, valued at approximately $617,604.28. This represents a 16.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Mary Powell sold 11,699 shares of the firm’s stock in a transaction on Monday, October 6th. The stock was sold at an average price of $19.34, for a total value of $226,258.66. Following the completion of the sale, the chief executive officer owned 876,590 shares of the company’s stock, valued at approximately $16,953,250.60. This represents a 1.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 316,956 shares of company stock worth $5,952,165. 3.37% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Sunrun by 19.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 30,758 shares of the energy company’s stock worth $180,000 after buying an additional 5,033 shares during the period. Teacher Retirement System of Texas bought a new position in Sunrun in the 1st quarter worth about $192,000. Principal Financial Group Inc. increased its holdings in Sunrun by 2.7% during the 1st quarter. Principal Financial Group Inc. now owns 1,116,909 shares of the energy company’s stock worth $6,545,000 after purchasing an additional 29,227 shares during the period. U.S. Capital Wealth Advisors LLC bought a new stake in shares of Sunrun in the 1st quarter valued at about $88,000. Finally, DekaBank Deutsche Girozentrale boosted its position in Sunrun by 8.5% during the first quarter. DekaBank Deutsche Girozentrale now owns 35,399 shares of the energy company’s stock valued at $209,000 after purchasing an additional 2,778 shares in the last quarter. Hedge funds and other institutional investors own 91.69% of the company’s stock.

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.