Sunrun (NASDAQ:RUN) Sets New 1-Year Low – Should You Sell?

Sunrun Inc. (NASDAQ:RUN)’s share price hit a new 52-week low during trading on Monday . The stock traded as low as $8.58 and last traded at $8.6160, with a volume of 794685 shares changing hands. The stock had previously closed at $8.78.

Wall Street Analysts Forecast Growth

RUN has been the topic of a number of recent research reports. Wells Fargo & Company reduced their target price on shares of Sunrun from $22.00 to $17.00 and set an “overweight” rating on the stock in a research report on Friday, August 14th. Weiss Ratings lowered shares of Sunrun from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, July 28th. Oppenheimer restated an “outperform” rating and issued a $20.00 price objective on shares of Sunrun in a report on Thursday, August 6th. Glj Research reaffirmed a “sell” rating and set a $4.63 target price on shares of Sunrun in a research note on Monday, August 17th. Finally, Roth Capital reiterated a “buy” rating on shares of Sunrun in a report on Thursday, July 9th. Twelve research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $16.81.

Sunrun Trading Down 2.3%

The firm has a 50-day moving average price of $10.89 and a 200-day moving average price of $12.89. The company has a debt-to-equity ratio of 3.34, a quick ratio of 1.00 and a current ratio of 1.42. The stock has a market cap of $2.02 billion, a PE ratio of 5.66 and a beta of 2.36.

Sunrun (NASDAQ:RUN) last announced its quarterly earnings results on Wednesday, August 5th. The energy company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.19. The company had revenue of $869.99 million for the quarter, compared to analysts’ expectations of $746.87 million. Sunrun had a net margin of 11.59% and a return on equity of 9.59%. Sunrun’s revenue was up 52.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.07 EPS. As a group, equities analysts anticipate that Sunrun Inc. will post 1.18 EPS for the current fiscal year.

Insider Transactions at Sunrun

In related news, Director Lynn Michelle Jurich sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $9.96, for a total transaction of $498,000.00. Following the completion of the sale, the director owned 367,405 shares of the company’s stock, valued at $3,659,353.80. This trade represents a 11.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Danny Abajian sold 16,495 shares of the business’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $13.19, for a total transaction of $217,569.05. Following the completion of the transaction, the chief financial officer owned 420,318 shares of the company’s stock, valued at approximately $5,543,994.42. The trade was a 3.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 173,045 shares of company stock valued at $2,138,835. 3.55% of the stock is currently owned by insiders.

Institutional Trading of Sunrun

Institutional investors and hedge funds have recently modified their holdings of the business. Amundi raised its stake in shares of Sunrun by 3.9% in the second quarter. Amundi now owns 3,428,504 shares of the energy company’s stock worth $45,845,000 after purchasing an additional 127,878 shares during the last quarter. Groupe la Francaise purchased a new stake in shares of Sunrun during the second quarter valued at $1,217,000. California State Teachers Retirement System boosted its position in shares of Sunrun by 1,275.2% during the second quarter. California State Teachers Retirement System now owns 3,674,041 shares of the energy company’s stock valued at $49,159,000 after buying an additional 3,406,879 shares during the last quarter. AlphaGrep UK Ltd bought a new stake in Sunrun in the 2nd quarter worth about $199,000. Finally, Nykredit A S bought a new stake in Sunrun in the 2nd quarter worth about $78,000. Institutional investors own 91.69% of the company’s stock.

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.