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

Sunrun Inc. (NASDAQ:RUN – Get Rating) has been assigned an average recommendation of “Moderate Buy” from the twenty-one research firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $41.67.

Several analysts recently commented on RUN shares. Deutsche Bank Aktiengesellschaft lowered their target price on Sunrun from $36.00 to $33.00 and set a “buy” rating on the stock in a research report on Friday, February 24th. Scotiabank started coverage on Sunrun in a research report on Thursday. They issued a “sector outperform” rating and a $40.00 target price on the stock. Oppenheimer lowered their target price on Sunrun from $70.00 to $49.00 and set an “outperform” rating on the stock in a research report on Thursday, February 23rd. StockNews.com raised Sunrun to a “sell” rating in a research note on Friday, February 17th. Finally, Royal Bank of Canada decreased their price target on Sunrun from $48.00 to $42.00 and set an “outperform” rating for the company in a research note on Friday, November 11th.

Insider Transactions at Sunrun

In other news, insider Edward Harris Fenster sold 100,000 shares of the stock in a transaction on Tuesday, January 3rd. The stock was sold at an average price of $24.92, for a total value of $2,492,000.00. Following the completion of the sale, the insider now owns 1,311,406 shares in the company, valued at $32,680,237.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Edward Harris Fenster sold 100,000 shares of the stock in a transaction on Tuesday, January 3rd. The stock was sold at an average price of $24.92, for a total value of $2,492,000.00. Following the completion of the sale, the insider now owns 1,311,406 shares in the company, valued at $32,680,237.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeanna Steele sold 849 shares of the stock in a transaction on Thursday, December 15th. The shares were sold at an average price of $31.31, for a total value of $26,582.19. Following the completion of the sale, the insider now owns 154,505 shares of the company’s stock, valued at approximately $4,837,551.55. The disclosure for this sale can be found here. Insiders sold a total of 291,553 shares of company stock valued at $7,603,911 in the last three months. 4.29% of the stock is currently owned by corporate insiders.

Institutional Trading of Sunrun

Several hedge funds and other institutional investors have recently modified their holdings of RUN. Moneta Group Investment Advisors LLC raised its holdings in shares of Sunrun by 99,711.8% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 10,455,287 shares of the energy company’s stock worth $251,136,000 after acquiring an additional 10,444,812 shares in the last quarter. Norges Bank purchased a new stake in shares of Sunrun during the fourth quarter worth $36,589,000. Robeco Schweiz AG raised its holdings in shares of Sunrun by 84.6% during the first quarter. Robeco Schweiz AG now owns 2,400,000 shares of the energy company’s stock worth $72,888,000 after acquiring an additional 1,100,000 shares in the last quarter. Summit Partners Public Asset Management LLC purchased a new stake in shares of Sunrun during the fourth quarter worth $26,262,000. Finally, Grantham Mayo Van Otterloo & Co. LLC raised its holdings in shares of Sunrun by 20.5% during the second quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 6,181,565 shares of the energy company’s stock worth $144,401,000 after acquiring an additional 1,052,421 shares in the last quarter. 86.21% of the stock is currently owned by hedge funds and other institutional investors.

Sunrun Stock Up 4.9 %

Shares of Sunrun stock opened at $24.84 on Monday. The company has a current ratio of 1.82, a quick ratio of 1.14 and a debt-to-equity ratio of 1.13. The business’s 50 day simple moving average is $24.92 and its 200-day simple moving average is $27.74. The stock has a market capitalization of $5.33 billion, a price-to-earnings ratio of 32.26 and a beta of 2.30. Sunrun has a twelve month low of $16.80 and a twelve month high of $39.13.

Sunrun (NASDAQ:RUN – Get Rating) last posted its earnings results on Wednesday, February 22nd. The energy company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.03 by $0.26. Sunrun had a return on equity of 2.37% and a net margin of 7.47%. The firm had revenue of $609.20 million for the quarter, compared to analysts’ expectations of $588.89 million. During the same period last year, the firm earned ($0.11) EPS. The firm’s revenue was up 40.0% compared to the same quarter last year. Equities research analysts forecast that Sunrun will post -0.2 earnings per share for the current year.

About Sunrun

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Sunrun, Inc engages in the design, development, installation, sale, ownership and maintenance of residential solar energy systems. It sells solar service offerings and installs solar energy systems for homeowners. Customers can access its products through three channels: direct-to-consumer, solar partnerships, and strategic partnerships.