Sunrun Inc. (NASDAQ:RUN) Receives $21.26 Average PT from Analysts

Shares of Sunrun Inc. (NASDAQ:RUN) have been assigned a consensus recommendation of “Moderate Buy” from the twenty analysts that are covering the company, Marketbeat reports. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $21.26.

RUN has been the subject of several analyst reports. Oppenheimer reiterated an “outperform” rating and issued a $19.00 price objective on shares of Sunrun in a research note on Thursday, February 22nd. Susquehanna reiterated a “positive” rating and set a $25.00 price target on shares of Sunrun in a report on Friday, April 5th. Piper Sandler reduced their price objective on Sunrun from $31.00 to $27.00 and set an “overweight” rating for the company in a research note on Thursday, February 22nd. Royal Bank of Canada cut their price target on shares of Sunrun from $17.00 to $15.00 and set an “outperform” rating on the stock in a report on Friday, March 15th. Finally, Truist Financial reiterated a “hold” rating and set a $14.00 target price (down previously from $15.00) on shares of Sunrun in a research report on Monday, February 26th.

Sunrun Stock Up 0.8 %

RUN stock opened at $11.99 on Friday. The stock’s 50 day moving average is $11.36 and its 200-day moving average is $13.14. Sunrun has a twelve month low of $8.43 and a twelve month high of $23.85. The firm has a market capitalization of $2.66 billion, a PE ratio of -1.62 and a beta of 2.50. 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 (NASDAQ:RUN) last issued its quarterly earnings data on Wednesday, February 21st. The energy company reported ($1.33) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($1.20). Sunrun had a negative net margin of 71.00% and a negative return on equity of 5.58%. The company had revenue of $516.59 million for the quarter, compared to the consensus estimate of $499.74 million. Sell-side analysts expect that Sunrun will post -1.69 EPS for the current fiscal year.

Insider Transactions at Sunrun

In related news, insider Jeanna Steele sold 8,187 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $12.11, for a total transaction of $99,144.57. Following the transaction, the insider now directly owns 239,724 shares in the company, valued at approximately $2,903,057.64. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Sunrun news, insider Jeanna Steele sold 8,187 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $12.11, for a total value of $99,144.57. Following the sale, the insider now owns 239,724 shares of the company’s stock, valued at approximately $2,903,057.64. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Mary Powell sold 5,424 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $12.12, for a total transaction of $65,738.88. Following the transaction, the chief executive officer now directly owns 411,628 shares of the company’s stock, valued at $4,988,931.36. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 301,760 shares of company stock worth $3,615,990. Company insiders own 3.76% of the company’s stock.

Institutional Trading of Sunrun

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RUN. Fifth Third Bancorp boosted its stake in shares of Sunrun by 76.9% during the 4th quarter. Fifth Third Bancorp now owns 1,758 shares of the energy company’s stock valued at $35,000 after purchasing an additional 764 shares in the last quarter. Versant Capital Management Inc raised its position in shares of Sunrun by 149.7% in the 4th quarter. Versant Capital Management Inc now owns 1,880 shares of the energy company’s stock worth $37,000 after acquiring an additional 1,127 shares in the last quarter. USCF Advisers LLC lifted its stake in shares of Sunrun by 130.0% in the 4th quarter. USCF Advisers LLC now owns 2,300 shares of the energy company’s stock valued at $45,000 after purchasing an additional 1,300 shares during the period. C M Bidwell & Associates Ltd. grew its stake in Sunrun by 1,483.9% in the third quarter. C M Bidwell & Associates Ltd. now owns 2,360 shares of the energy company’s stock worth $30,000 after purchasing an additional 2,211 shares during the period. Finally, BNP Paribas purchased a new position in Sunrun during the first quarter valued at $37,000. Hedge funds and other institutional investors own 91.69% of the company’s stock.

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.