Analysts Set Sunrun Inc. (NASDAQ:RUN) Price Target at $18.81

Sunrun Inc. (NASDAQ:RUN) has been given an average recommendation of “Hold” by the twenty-two ratings firms that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $18.8128.

Several analysts have recently commented on the stock. TD Cowen decreased their price objective on shares of Sunrun from $23.00 to $21.00 and set a “buy” rating on the stock in a research report on Thursday, May 7th. Jefferies Financial Group cut their price target on Sunrun from $22.00 to $15.00 and set a “hold” rating for the company in a research note on Tuesday, April 7th. UBS Group decreased their price target on Sunrun from $23.00 to $20.00 and set a “buy” rating on the stock in a report on Tuesday, June 16th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $17.00 price objective on shares of Sunrun in a research report on Friday, May 8th. Finally, Weiss Ratings raised Sunrun from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, June 24th.

Insider Activity

In related news, CEO Mary Powell sold 23,985 shares of the company’s stock in a transaction on Monday, July 6th. The shares were sold at an average price of $13.19, for a total transaction of $316,362.15. Following the completion of the transaction, the chief executive officer owned 1,111,535 shares in the company, valued at approximately $14,661,146.65. This represents a 2.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Danny Abajian sold 16,495 shares of the business’s stock in a transaction 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 sale, the chief financial officer owned 420,318 shares in the company, valued at approximately $5,543,994.42. The trade was a 3.78% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 223,045 shares of company stock valued at $3,081,335. Company insiders own 3.55% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its position in Sunrun by 2.6% in the first quarter. Dimensional Fund Advisors LP now owns 6,519,053 shares of the energy company’s stock worth $88,375,000 after buying an additional 165,196 shares during the last quarter. Invesco Ltd. lifted its stake in Sunrun by 26.6% in the fourth quarter. Invesco Ltd. now owns 5,868,199 shares of the energy company’s stock worth $107,975,000 after purchasing an additional 1,231,628 shares during the last quarter. Geode Capital Management LLC lifted its stake in Sunrun by 3.8% in the fourth quarter. Geode Capital Management LLC now owns 5,663,239 shares of the energy company’s stock worth $104,220,000 after purchasing an additional 205,627 shares during the last quarter. Contour Asset Management LLC purchased a new position in shares of Sunrun during the fourth quarter valued at approximately $98,010,000. Finally, Voloridge Investment Management LLC boosted its position in shares of Sunrun by 47.3% during the fourth quarter. Voloridge Investment Management LLC now owns 3,425,297 shares of the energy company’s stock valued at $63,025,000 after buying an additional 1,100,666 shares during the period. Institutional investors own 91.69% of the company’s stock.

Sunrun Price Performance

Shares of Sunrun stock opened at $11.85 on Monday. The stock has a market cap of $2.83 billion, a P/E ratio of 5.56 and a beta of 2.32. The company has a debt-to-equity ratio of 3.44, a quick ratio of 1.09 and a current ratio of 1.45. The stock’s fifty day moving average is $13.55 and its 200 day moving average is $14.99. Sunrun has a one year low of $9.01 and a one year high of $22.44.

Sunrun (NASDAQ:RUN) last posted its quarterly earnings data on Wednesday, May 6th. The energy company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.67. The firm had revenue of $722.23 million for the quarter, compared to analysts’ expectations of $688.50 million. Sunrun had a return on equity of 14.06% and a net margin of 17.88%.The business’s quarterly revenue was up 43.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.20 EPS. Sell-side analysts anticipate that Sunrun will post 1.01 earnings per share for the current year.

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.