Sunrun Inc. (NASDAQ:RUN) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Sunrun Inc. (NASDAQ:RUN) have been given an average rating of “Moderate Buy” by the twenty-six research firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $17.0774.

Several brokerages have issued reports on RUN. Wall Street Zen raised shares of Sunrun from a “sell” rating to a “hold” rating in a report on Saturday, July 12th. Morgan Stanley set a $20.00 price objective on Sunrun in a report on Thursday. Cowen reissued a “buy” rating on shares of Sunrun in a report on Thursday, August 7th. Susquehanna raised their target price on Sunrun from $13.00 to $23.00 and gave the stock a “positive” rating in a research report on Monday, October 13th. Finally, Jefferies Financial Group upgraded Sunrun from a “hold” rating to a “buy” rating and upped their price target for the company from $11.00 to $21.00 in a research report on Wednesday, October 1st.

Insider Activity

In other news, CFO Danny Abajian sold 9,055 shares of the business’s stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $19.35, for a total value of $175,214.25. Following the transaction, the chief financial officer directly owned 424,606 shares of the company’s stock, valued at $8,216,126.10. The trade was a 2.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Mary Powell sold 11,699 shares of Sunrun stock in a transaction on Monday, October 6th. The shares were sold at an average price of $19.34, for a total value of $226,258.66. Following the completion of the transaction, the chief executive officer owned 876,590 shares of the company’s stock, valued at approximately $16,953,250.60. The trade was a 1.32% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 266,956 shares of company stock worth $4,931,665. Corporate insiders own 3.37% of the company’s stock.

Institutional Investors Weigh In On Sunrun

Large investors have recently bought and sold shares of the company. Sowell Financial Services LLC acquired a new position in shares of Sunrun in the 1st quarter valued at $273,000. GAMMA Investing LLC raised its stake in shares of Sunrun by 572.1% during the 1st quarter. GAMMA Investing LLC now owns 71,896 shares of the energy company’s stock worth $421,000 after purchasing an additional 61,198 shares in the last quarter. PGGM Investments boosted its holdings in shares of Sunrun by 316.6% in the 2nd quarter. PGGM Investments now owns 7,007,258 shares of the energy company’s stock valued at $57,319,000 after buying an additional 5,325,332 shares during the last quarter. Public Sector Pension Investment Board grew its stake in shares of Sunrun by 27.1% in the first quarter. Public Sector Pension Investment Board now owns 711,391 shares of the energy company’s stock valued at $4,169,000 after buying an additional 151,474 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in Sunrun by 2.7% during the first quarter. Principal Financial Group Inc. now owns 1,116,909 shares of the energy company’s stock worth $6,545,000 after buying an additional 29,227 shares during the last quarter. Institutional investors own 91.69% of the company’s stock.

Sunrun Price Performance

Shares of NASDAQ:RUN opened at $19.51 on Friday. The company has a market cap of $4.50 billion, a price-to-earnings ratio of -1.68 and a beta of 2.41. The business has a 50 day moving average price of $16.78 and a 200 day moving average price of $11.40. The company has a quick ratio of 1.02, a current ratio of 1.41 and a debt-to-equity ratio of 3.70. Sunrun has a twelve month low of $5.38 and a twelve month high of $22.44.

Sunrun (NASDAQ:RUN) last issued its quarterly earnings results on Wednesday, August 6th. The energy company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.18) by $1.25. Sunrun had a negative net margin of 120.59% and a positive return on equity of 14.19%. The firm had revenue of $569.34 million during the quarter, compared to the consensus estimate of $555.42 million. During the same period in the prior year, the firm earned $0.55 EPS. The business’s revenue was up 8.7% on a year-over-year basis. Research analysts predict that Sunrun will post -0.43 earnings per share for the current year.

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.