Sunrun Inc. (NASDAQ:RUN) Receives $15.77 Average Price Target from Analysts

Shares of Sunrun Inc. (NASDAQ:RUN) have been given an average recommendation of “Moderate Buy” by the twenty-six ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $16.2078.

Several research analysts recently weighed in on RUN shares. KeyCorp upgraded Sunrun from an “underweight” rating to a “sector weight” rating in a research report on Tuesday, July 8th. BNP Paribas upgraded Sunrun from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 7th. Cowen reiterated a “buy” rating on shares of Sunrun in a research report on Thursday, August 7th. Oppenheimer increased their price objective on Sunrun from $21.00 to $23.00 and gave the stock an “outperform” rating in a research report on Thursday, October 9th. Finally, JPMorgan Chase & Co. upped their price target on Sunrun from $20.00 to $23.00 and gave the stock an “overweight” rating in a research note on Friday, September 19th.

Sunrun Price Performance

RUN stock opened at $21.17 on Friday. The company has a debt-to-equity ratio of 3.70, a current ratio of 1.41 and a quick ratio of 1.02. The business has a 50 day simple moving average of $15.99 and a 200-day simple moving average of $11.07. The firm has a market capitalization of $4.88 billion, a PE ratio of -1.82 and a beta of 2.41. Sunrun has a 1 year low of $5.38 and a 1 year high of $21.19.

Sunrun (NASDAQ:RUN) last posted its quarterly earnings results on Wednesday, August 6th. The energy company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.18) by $1.25. The business had revenue of $569.34 million during the quarter, compared to analyst estimates of $555.42 million. Sunrun had a positive return on equity of 14.19% and a negative net margin of 120.59%.The business’s revenue was up 8.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.55 earnings per share. Equities research analysts anticipate that Sunrun will post -0.43 earnings per share for the current fiscal year.

Insider Activity at Sunrun

In other Sunrun news, CRO Paul S. Dickson sold 25,614 shares of the company’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $20.00, for a total transaction of $512,280.00. Following the transaction, the executive directly owned 655,734 shares in the company, valued at $13,114,680. This represents a 3.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeanna Steele sold 20,426 shares of the company’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $19.35, for a total value of $395,243.10. Following the transaction, the insider owned 393,267 shares in the company, valued at $7,609,716.45. This trade represents a 4.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 241,444 shares of company stock valued at $4,408,513 over the last ninety days. 3.37% of the stock is owned by insiders.

Institutional Trading of Sunrun

Several hedge funds have recently modified their holdings of the stock. U.S. Capital Wealth Advisors LLC raised its stake in shares of Sunrun by 37.5% in the third quarter. U.S. Capital Wealth Advisors LLC now owns 27,507 shares of the energy company’s stock valued at $476,000 after acquiring an additional 7,507 shares in the last quarter. Voya Investment Management LLC raised its stake in shares of Sunrun by 9.8% in the third quarter. Voya Investment Management LLC now owns 63,602 shares of the energy company’s stock valued at $1,100,000 after acquiring an additional 5,685 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new stake in shares of Sunrun in the third quarter valued at $492,000. GAMMA Investing LLC raised its stake in shares of Sunrun by 3.5% in the third quarter. GAMMA Investing LLC now owns 17,971 shares of the energy company’s stock valued at $311,000 after acquiring an additional 607 shares in the last quarter. Finally, Corient Private Wealth LLC acquired a new stake in shares of Sunrun in the second quarter valued at $102,000. 91.69% of the stock is currently owned by institutional investors and hedge funds.

About Sunrun

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.