Sunrun Inc. (NASDAQ:RUN) Receives $22.05 Consensus Target Price from Brokerages

Shares of Sunrun Inc. (NASDAQ:RUN) have received a consensus rating of “Moderate Buy” from the twenty-one analysts that are presently covering the stock, MarketBeat reports. Seven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $22.05.

RUN has been the subject of several analyst reports. BMO Capital Markets raised their target price on Sunrun from $18.00 to $20.00 and gave the stock a “market perform” rating in a research report on Thursday, February 22nd. Oppenheimer reissued an “outperform” rating and issued a $19.00 price objective on shares of Sunrun in a research report on Thursday, February 22nd. Susquehanna reissued a “positive” rating and issued a $25.00 price objective on shares of Sunrun in a research report on Friday, April 5th. Truist Financial reissued a “hold” rating and issued a $14.00 price objective (down from $15.00) on shares of Sunrun in a research report on Monday, February 26th. Finally, Mizuho lifted their price objective on Sunrun from $23.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, January 3rd.

Sunrun Trading Down 3.6 %

NASDAQ RUN opened at $11.85 on Tuesday. The company has a quick ratio of 0.96, a current ratio of 1.26 and a debt-to-equity ratio of 1.68. Sunrun has a twelve month low of $8.43 and a twelve month high of $23.85. The company has a market cap of $2.60 billion, a price-to-earnings ratio of -1.60 and a beta of 2.46. The business’s fifty day moving average is $12.86 and its 200 day moving average is $13.23.

Sunrun (NASDAQ:RUN) last announced its earnings results on Wednesday, February 21st. The energy company reported ($1.33) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($1.20). The company had revenue of $516.59 million for the quarter, compared to the consensus estimate of $499.74 million. Sunrun had a negative return on equity of 5.58% and a negative net margin of 71.00%. As a group, sell-side analysts expect that Sunrun will post -1.58 EPS for the current fiscal year.

Insider Buying and Selling at Sunrun

In other Sunrun news, insider Jeanna Steele sold 10,176 shares of Sunrun stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $12.07, for a total transaction of $122,824.32. Following the completion of the transaction, the insider now owns 228,743 shares in the company, valued at approximately $2,760,928.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Sunrun news, insider Jeanna Steele sold 10,176 shares of Sunrun stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $12.07, for a total transaction of $122,824.32. Following the completion of the transaction, the insider now owns 228,743 shares in the company, valued at approximately $2,760,928.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Mary Powell sold 22,549 shares of the business’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $12.07, for a total value of $272,166.43. Following the completion of the transaction, the chief executive officer now owns 379,768 shares in the company, valued at approximately $4,583,799.76. The disclosure for this sale can be found here. In the last quarter, insiders sold 128,840 shares of company stock worth $1,549,596. Insiders own 3.76% of the company’s stock.

Hedge Funds Weigh In On Sunrun

A number of hedge funds and other institutional investors have recently modified their holdings of RUN. Moneta Group Investment Advisors LLC boosted its stake in shares of Sunrun by 99,711.8% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 10,455,287 shares of the energy company’s stock worth $251,136,000 after buying an additional 10,444,812 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC boosted its stake in shares of Sunrun by 35.9% in the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 14,182,106 shares of the energy company’s stock worth $178,127,000 after buying an additional 3,748,696 shares during the last quarter. Norges Bank purchased a new position in shares of Sunrun in the 4th quarter worth approximately $36,589,000. Deutsche Bank AG boosted its stake in shares of Sunrun by 112.9% in the 3rd quarter. Deutsche Bank AG now owns 2,226,821 shares of the energy company’s stock worth $27,969,000 after buying an additional 1,180,823 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Sunrun by 42.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,860,637 shares of the energy company’s stock worth $77,780,000 after purchasing an additional 1,147,262 shares during the period. 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.