Glj Research Reaffirms Sell Rating for Sunrun (NASDAQ:RUN)

Sunrun (NASDAQ:RUN)‘s stock had its “sell” rating reiterated by investment analysts at Glj Research in a report released on Tuesday,Benzinga reports.

Several other analysts have also weighed in on the stock. BNP Paribas Exane lowered shares of Sunrun from an “outperform” rating to a “neutral” rating and set a $10.00 price objective for the company. in a report on Thursday, May 22nd. Susquehanna dropped their price target on Sunrun from $13.00 to $10.00 and set a “positive” rating for the company in a report on Monday, April 14th. Mizuho set a $13.00 price objective on Sunrun and gave the company an “outperform” rating in a research report on Monday, June 2nd. UBS Group decreased their target price on Sunrun from $17.00 to $12.00 and set a “buy” rating on the stock in a report on Friday, May 30th. Finally, Wall Street Zen cut Sunrun from a “hold” rating to a “sell” rating in a report on Friday, June 6th. Five investment analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, Sunrun currently has a consensus rating of “Hold” and an average price target of $13.72.

Sunrun Stock Performance

Shares of NASDAQ:RUN opened at $9.64 on Tuesday. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.47 and a quick ratio of 1.15. The business’s fifty day moving average price is $8.12 and its two-hundred day moving average price is $8.45. Sunrun has a fifty-two week low of $5.45 and a fifty-two week high of $22.26. The stock has a market capitalization of $2.20 billion, a price-to-earnings ratio of -5.30 and a beta of 2.61.

Sunrun (NASDAQ:RUN) last issued its earnings results on Wednesday, May 7th. The energy company reported $0.20 EPS for the quarter, beating the consensus estimate of ($0.22) by $0.42. The company had revenue of $504.27 million for the quarter, compared to the consensus estimate of $487.29 million. Sunrun had a negative net margin of 18.80% and a negative return on equity of 5.15%. The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.40) EPS. As a group, analysts predict that Sunrun will post -0.43 EPS for the current fiscal year.

Insider Transactions at Sunrun

In other news, Director Edward Harris Fenster purchased 50,000 shares of the firm’s stock in a transaction dated Monday, May 12th. The stock was bought at an average price of $10.87 per share, with a total value of $543,500.00. Following the acquisition, the director now directly owns 1,408,182 shares of the company’s stock, valued at approximately $15,306,938.34. This represents a 3.68% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Danny Abajian sold 16,927 shares of Sunrun stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $6.74, for a total value of $114,087.98. Following the transaction, the chief financial officer now owns 231,279 shares in the company, valued at approximately $1,558,820.46. This represents a 6.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 88,993 shares of company stock worth $612,979. 3.37% of the stock is currently owned by company insiders.

Institutional Trading of Sunrun

Several hedge funds have recently bought and sold shares of RUN. CIBC Asset Management Inc increased its holdings in Sunrun by 5.8% during the 4th quarter. CIBC Asset Management Inc now owns 24,774 shares of the energy company’s stock worth $229,000 after purchasing an additional 1,360 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Sunrun by 14.7% during the 1st quarter. GAMMA Investing LLC now owns 12,269 shares of the energy company’s stock worth $72,000 after buying an additional 1,571 shares during the last quarter. Alterna Wealth Management Inc. grew its holdings in shares of Sunrun by 16.6% in the 1st quarter. Alterna Wealth Management Inc. now owns 12,075 shares of the energy company’s stock valued at $71,000 after acquiring an additional 1,720 shares in the last quarter. Guggenheim Capital LLC grew its holdings in shares of Sunrun by 6.8% in the 4th quarter. Guggenheim Capital LLC now owns 27,321 shares of the energy company’s stock valued at $253,000 after acquiring an additional 1,749 shares in the last quarter. Finally, Xponance Inc. increased its position in shares of Sunrun by 13.2% in the fourth quarter. Xponance Inc. now owns 16,265 shares of the energy company’s stock valued at $150,000 after acquiring an additional 1,895 shares during the last quarter. 91.69% of the stock is currently owned by institutional investors and hedge funds.

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.