Brokerages Set Sunrun Inc. (NASDAQ:RUN) PT at $19.58

Sunrun Inc. (NASDAQ:RUN) has been given an average recommendation of “Moderate Buy” by the twenty-four analysts that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation, fourteen have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $19.5809.

A number of equities research analysts have weighed in on the company. TD Cowen raised their target price on Sunrun from $22.00 to $23.00 and gave the company a “buy” rating in a report on Friday, November 7th. Wells Fargo & Company upped their price objective on Sunrun from $14.00 to $21.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 11th. Deutsche Bank Aktiengesellschaft lifted their target price on Sunrun from $11.00 to $20.00 and gave the company a “hold” rating in a research report on Wednesday, October 1st. Oppenheimer boosted their target price on Sunrun from $21.00 to $23.00 and gave the stock an “outperform” rating in a research note on Thursday, October 9th. Finally, Morgan Stanley raised their price target on shares of Sunrun from $20.00 to $21.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 2nd.

Sunrun Price Performance

Shares of NASDAQ:RUN opened at $20.47 on Thursday. The firm has a 50 day moving average of $19.05 and a 200-day moving average of $15.37. Sunrun has a 12 month low of $5.38 and a 12 month high of $22.44. The company has a current ratio of 1.46, a quick ratio of 1.06 and a debt-to-equity ratio of 3.67. The stock has a market capitalization of $4.75 billion, a PE ratio of -1.83 and a beta of 2.35.

Sunrun (NASDAQ:RUN) last posted its quarterly earnings results on Thursday, November 6th. The energy company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.05. The business had revenue of $724.56 million for the quarter, compared to analyst estimates of $601.15 million. Sunrun had a negative net margin of 106.50% and a positive return on equity of 19.34%. The firm’s revenue for the quarter was up 34.9% on a year-over-year basis. During the same quarter last year, the business posted ($0.37) EPS. On average, equities research analysts predict that Sunrun will post -0.43 EPS for the current fiscal year.

Insiders Place Their Bets

In other Sunrun news, CEO Mary Powell sold 11,699 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer owned 876,590 shares in the company, valued at $16,953,250.60. This trade represents a 1.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Lynn Michelle Jurich sold 50,000 shares of the company’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $19.31, for a total transaction of $965,500.00. Following the transaction, the director owned 850,482 shares of the company’s stock, valued at $16,422,807.42. This trade represents a 5.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 445,536 shares of company stock worth $8,579,156 over the last 90 days. Insiders own 3.37% of the company’s stock.

Hedge Funds Weigh In On Sunrun

Large investors have recently bought and sold shares of the company. PGGM Investments grew its holdings in shares of Sunrun by 316.6% during the second quarter. PGGM Investments now owns 7,007,258 shares of the energy company’s stock worth $57,319,000 after purchasing an additional 5,325,332 shares during the last quarter. Maple Rock Capital Partners Inc. raised its holdings in Sunrun by 95.6% in the 2nd quarter. Maple Rock Capital Partners Inc. now owns 8,132,648 shares of the energy company’s stock valued at $66,525,000 after buying an additional 3,974,464 shares during the last quarter. Voloridge Investment Management LLC acquired a new stake in Sunrun during the 3rd quarter worth approximately $40,193,000. Robeco Schweiz AG bought a new stake in Sunrun during the 3rd quarter worth approximately $36,969,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in Sunrun by 132.9% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,821,106 shares of the energy company’s stock worth $48,777,000 after acquiring an additional 1,609,803 shares during the last quarter. 91.69% of the stock is currently owned by institutional investors.

Sunrun Company Profile

Sunrun, Inc (NASDAQ: RUN) is a leading provider of residential solar energy systems in the United States. The company designs, installs and maintains rooftop solar panels and battery storage solutions for homeowners under flexible financing arrangements. Customers can choose from leasing, power purchase agreements or solar ownership models, all of which are supported by Sunrun’s network of installation partners and service technicians. Sunrun also offers integrated home energy management services, including its Brightbox battery storage product, which enables customers to store solar energy for use during peak hours or power outages.

Founded in 2007 by Lynn Jurich, Ed Fenster and Nat Kreamer, Sunrun is headquartered in San Francisco, California.