Brokerages Set Sunrun Inc. (NASDAQ:RUN) Price Target at $21.47

Shares of Sunrun Inc. (NASDAQ:RUN) have earned a consensus recommendation of “Moderate Buy” from the twenty analysts that are covering the stock, Marketbeat reports. Seven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $21.47.

Several analysts have issued reports on the stock. Janney Montgomery Scott lowered shares of Sunrun from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 27th. Mizuho cut their price target on shares of Sunrun from $28.00 to $23.00 and set a “buy” rating for the company in a research report on Friday, April 19th. Royal Bank of Canada cut their price target on shares of Sunrun from $17.00 to $15.00 and set an “outperform” rating for the company in a research report on Friday, March 15th. Jefferies Financial Group cut their price target on shares of Sunrun from $32.00 to $26.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Finally, Susquehanna cut their price target on shares of Sunrun from $25.00 to $23.00 and set a “positive” rating for the company in a research report on Thursday, May 9th.

Sunrun Stock Performance

NASDAQ RUN opened at $12.96 on Friday. Sunrun has a 52-week low of $8.43 and a 52-week high of $23.85. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.99 and a current ratio of 1.31. The company has a market capitalization of $2.87 billion, a P/E ratio of -1.94 and a beta of 2.65. The company has a fifty day moving average of $12.35 and a 200-day moving average of $13.62.

Sunrun (NASDAQ:RUN) last posted its quarterly earnings data on Wednesday, May 8th. The energy company reported ($0.40) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.49) by $0.09. Sunrun had a negative net margin of 68.22% and a negative return on equity of 3.58%. The company had revenue of $458.20 million during the quarter, compared to the consensus estimate of $471.38 million. During the same period in the previous year, the firm posted ($1.12) EPS. The firm’s revenue was down 22.3% compared to the same quarter last year. As a group, equities research analysts predict that Sunrun will post -1.27 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Lynn Michelle Jurich sold 50,000 shares of the stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $12.11, for a total transaction of $605,500.00. Following the sale, the director now owns 1,344,383 shares in the company, valued at $16,280,478.13. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Sunrun news, Director Lynn Michelle Jurich sold 50,000 shares of the stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $12.11, for a total value of $605,500.00. Following the transaction, the director now directly owns 1,344,383 shares in the company, valued at $16,280,478.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Edward Harris Fenster sold 44,646 shares of the stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $15.91, for a total transaction of $710,317.86. Following the completion of the transaction, the director now owns 1,207,423 shares in the company, valued at $19,210,099.93. The disclosure for this sale can be found here. Insiders sold a total of 427,143 shares of company stock valued at $5,502,579 over the last three months. Corporate insiders own 3.76% of the company’s stock.

Institutional Trading of Sunrun

Institutional investors and hedge funds have recently modified their holdings of the company. Fifth Third Bancorp raised its position in shares of Sunrun by 76.9% during the 4th quarter. Fifth Third Bancorp now owns 1,758 shares of the energy company’s stock valued at $35,000 after purchasing an additional 764 shares during the period. Versant Capital Management Inc increased its holdings in Sunrun by 149.7% in the 4th quarter. Versant Capital Management Inc now owns 1,880 shares of the energy company’s stock valued at $37,000 after acquiring an additional 1,127 shares during the last quarter. USCF Advisers LLC increased its holdings in Sunrun by 130.0% in the 4th quarter. USCF Advisers LLC now owns 2,300 shares of the energy company’s stock valued at $45,000 after acquiring an additional 1,300 shares during the last quarter. C M Bidwell & Associates Ltd. increased its holdings in Sunrun by 1,483.9% in the 3rd quarter. C M Bidwell & Associates Ltd. now owns 2,360 shares of the energy company’s stock valued at $30,000 after acquiring an additional 2,211 shares during the last quarter. Finally, BNP Paribas bought a new stake in Sunrun in the 1st quarter valued at $37,000. 91.69% of the stock is currently owned by institutional investors.

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.