Sunrun Inc. (NASDAQ:RUN) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Sunrun Inc. (NASDAQ:RUN) has earned an average recommendation of “Moderate Buy” from the twenty-four research firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, nine have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $18.49.

RUN has been the topic of several research reports. Deutsche Bank Aktiengesellschaft raised their price target on shares of Sunrun from $11.00 to $20.00 and gave the company a “hold” rating in a report on Wednesday, October 1st. JPMorgan Chase & Co. upped their price target on shares of Sunrun from $23.00 to $25.00 and gave the stock an “overweight” rating in a research report on Thursday, October 16th. Wells Fargo & Company increased their price target on Sunrun from $8.00 to $14.00 and gave the company an “overweight” rating in a report on Thursday, August 14th. Citigroup upgraded Sunrun from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $11.00 to $26.00 in a research note on Tuesday, October 21st. Finally, Royal Bank Of Canada increased their target price on Sunrun from $16.00 to $22.00 and gave the company an “outperform” rating in a research note on Monday, October 20th.

Sunrun Trading Down 16.1%

Shares of RUN opened at $17.13 on Wednesday. Sunrun has a twelve month low of $5.38 and a twelve month high of $22.44. The firm has a market capitalization of $3.95 billion, a P/E ratio of -1.48 and a beta of 2.35. The company has a current ratio of 1.41, a quick ratio of 1.02 and a debt-to-equity ratio of 3.70. The stock’s fifty day simple moving average is $18.43 and its 200 day simple moving average is $12.92.

Sunrun (NASDAQ:RUN) last posted its quarterly earnings results on Thursday, November 6th. The energy company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.05. The firm had revenue of $724.56 million during the quarter, compared to the consensus estimate of $601.15 million. Sunrun had a positive return on equity of 14.19% and a negative net margin of 120.59%.The firm’s quarterly revenue was up 34.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.37) earnings per share. On average, equities research analysts forecast that Sunrun will post -0.43 earnings per share for the current year.

Insider Activity at Sunrun

In other Sunrun news, CRO Paul S. Dickson sold 12,493 shares of the business’s stock in a transaction on Tuesday, October 7th. The shares were sold at an average price of $20.02, for a total value of $250,109.86. Following the transaction, the executive owned 647,600 shares in the company, valued at $12,964,952. The trade was a 1.89% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Mary Powell sold 11,699 shares of the company’s stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $19.34, for a total transaction of $226,258.66. Following the completion of the transaction, the chief executive officer directly owned 876,590 shares of the company’s stock, valued at approximately $16,953,250.60. The trade was a 1.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 316,956 shares of company stock valued at $5,952,165. 3.37% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Federated Hermes Inc. acquired a new stake in Sunrun during the 3rd quarter valued at approximately $49,000. Smartleaf Asset Management LLC boosted its stake in shares of Sunrun by 181.0% during the 2nd quarter. Smartleaf Asset Management LLC now owns 4,130 shares of the energy company’s stock valued at $34,000 after buying an additional 2,660 shares during the last quarter. Spire Wealth Management grew its position in shares of Sunrun by 960.0% during the second quarter. Spire Wealth Management now owns 5,300 shares of the energy company’s stock worth $43,000 after buying an additional 4,800 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its stake in shares of Sunrun by 87.1% in the second quarter. Nomura Asset Management Co. Ltd. now owns 5,800 shares of the energy company’s stock worth $47,000 after buying an additional 2,700 shares during the last quarter. Finally, Strs Ohio acquired a new stake in Sunrun in the third quarter valued at $118,000. Institutional investors and hedge funds 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.