Sunrun Inc. (NASDAQ:RUN – Get Free Report) has received a consensus rating of “Moderate Buy” from the twenty-three analysts that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $18.6315.
RUN has been the topic of several research analyst reports. Weiss Ratings raised Sunrun from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Monday, March 2nd. Susquehanna lowered their price target on Sunrun from $24.00 to $19.00 and set a “positive” rating for the company in a research note on Thursday, April 9th. Mizuho lowered their price target on Sunrun from $25.00 to $22.00 and set an “outperform” rating for the company in a research note on Monday, March 2nd. Glj Research reissued a “sell” rating and issued a $4.63 price target on shares of Sunrun in a research note on Thursday, April 16th. Finally, Zacks Research raised Sunrun from a “hold” rating to a “strong-buy” rating in a research note on Monday.
View Our Latest Analysis on RUN
Sunrun Trading Up 6.0%
Sunrun (NASDAQ:RUN – Get Free Report) last released its earnings results on Thursday, February 26th. The energy company reported $0.38 earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.46. Sunrun had a return on equity of 11.72% and a net margin of 15.22%.The company had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $610.29 million. During the same quarter in the previous year, the business posted $1.41 EPS. The business’s revenue for the quarter was up 123.5% on a year-over-year basis. As a group, equities research analysts forecast that Sunrun will post 0.47 earnings per share for the current fiscal year.
Insiders Place Their Bets
In related news, CEO Mary Powell sold 193,002 shares of the business’s stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $13.25, for a total value of $2,557,276.50. Following the completion of the sale, the chief executive officer owned 934,282 shares of the company’s stock, valued at approximately $12,379,236.50. The trade was a 17.12% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Jeanna Steele sold 76,478 shares of the business’s stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $13.25, for a total value of $1,013,333.50. Following the completion of the sale, the insider directly owned 384,538 shares of the company’s stock, valued at approximately $5,095,128.50. The trade was a 16.59% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 879,894 shares of company stock worth $12,732,496 in the last quarter. Corporate insiders own 3.55% of the company’s stock.
Institutional Investors Weigh In On Sunrun
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. AMG National Trust Bank acquired a new position in shares of Sunrun during the first quarter worth approximately $851,000. Bleakley Financial Group LLC raised its stake in shares of Sunrun by 25.4% in the first quarter. Bleakley Financial Group LLC now owns 32,362 shares of the energy company’s stock valued at $439,000 after purchasing an additional 6,555 shares in the last quarter. Triglav Investments D.O.O. raised its stake in shares of Sunrun by 50.7% in the first quarter. Triglav Investments D.O.O. now owns 15,067 shares of the energy company’s stock valued at $204,000 after purchasing an additional 5,067 shares in the last quarter. Diversify Wealth Management LLC raised its stake in shares of Sunrun by 77.0% in the first quarter. Diversify Wealth Management LLC now owns 798,243 shares of the energy company’s stock valued at $10,824,000 after purchasing an additional 347,204 shares in the last quarter. Finally, Fifth Third Bancorp raised its stake in shares of Sunrun by 2,218.9% in the first quarter. Fifth Third Bancorp now owns 54,100 shares of the energy company’s stock valued at $734,000 after purchasing an additional 51,767 shares in the last quarter. 91.69% of the stock is currently owned by institutional investors and hedge funds.
About Sunrun
Sunrun, Inc (NASDAQ: RUN) is a leading provider of residential solar energy systems in the United States. The company designs, installs and maintains rooftop solar panels and battery storage solutions for homeowners under flexible financing arrangements. Customers can choose from leasing, power purchase agreements or solar ownership models, all of which are supported by Sunrun’s network of installation partners and service technicians. Sunrun also offers integrated home energy management services, including its Brightbox battery storage product, which enables customers to store solar energy for use during peak hours or power outages.
Founded in 2007 by Lynn Jurich, Ed Fenster and Nat Kreamer, Sunrun is headquartered in San Francisco, California.
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