Sunrun Inc. (NASDAQ:RUN) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Sunrun Inc. (NASDAQ:RUN) have been given a consensus rating of “Moderate Buy” by the nineteen brokerages that are currently covering the firm, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $22.79.

A number of equities analysts recently weighed in on the company. Piper Sandler upped their price target on Sunrun from $20.00 to $23.00 and gave the stock an “overweight” rating in a report on Wednesday, August 7th. The Goldman Sachs Group reissued a “buy” rating and set a $20.00 target price on shares of Sunrun in a report on Wednesday, September 25th. Susquehanna reduced their target price on Sunrun from $24.00 to $23.00 and set a “positive” rating for the company in a report on Wednesday, October 16th. Oppenheimer increased their target price on Sunrun from $19.00 to $22.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Finally, StockNews.com raised Sunrun to a “sell” rating in a report on Friday, September 27th.

Sunrun Stock Performance

NASDAQ RUN opened at $14.37 on Friday. The stock has a market capitalization of $3.19 billion, a price-to-earnings ratio of -2.15 and a beta of 2.58. Sunrun has a twelve month low of $8.66 and a twelve month high of $22.26. The company has a current ratio of 1.66, a quick ratio of 1.31 and a debt-to-equity ratio of 1.84. The stock has a 50-day moving average of $17.90 and a 200 day moving average of $15.20.

Sunrun (NASDAQ:RUN) last released its quarterly earnings results on Tuesday, August 6th. The energy company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.88. The company had revenue of $523.87 million during the quarter, compared to analysts’ expectations of $516.76 million. Sunrun had a negative return on equity of 2.41% and a negative net margin of 66.36%. Sunrun’s quarterly revenue was down 11.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.25 EPS. Sell-side analysts anticipate that Sunrun will post -0.17 EPS for the current fiscal year.

Insider Activity

In related news, CRO Paul S. Dickson sold 2,537 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $18.23, for a total value of $46,249.51. Following the completion of the transaction, the executive now directly owns 427,883 shares in the company, valued at approximately $7,800,307.09. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CRO Paul S. Dickson sold 2,537 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $18.23, for a total value of $46,249.51. Following the completion of the transaction, the executive now directly owns 427,883 shares in the company, valued at approximately $7,800,307.09. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CRO Paul S. Dickson sold 4,017 shares of the stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $16.35, for a total value of $65,677.95. Following the completion of the transaction, the executive now owns 423,866 shares of the company’s stock, valued at $6,930,209.10. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 180,001 shares of company stock worth $3,220,345 over the last ninety days. Corporate insiders own 3.76% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Sunrun by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 19,581,958 shares of the energy company’s stock valued at $384,394,000 after acquiring an additional 176,861 shares in the last quarter. Register Financial Advisors LLC acquired a new stake in shares of Sunrun in the first quarter valued at $92,000. Saxon Interests Inc. acquired a new stake in shares of Sunrun in the first quarter valued at $163,000. Albion Financial Group UT raised its stake in shares of Sunrun by 20.7% in the first quarter. Albion Financial Group UT now owns 48,587 shares of the energy company’s stock valued at $640,000 after acquiring an additional 8,319 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its stake in shares of Sunrun by 466.2% in the first quarter. State of Alaska Department of Revenue now owns 132,878 shares of the energy company’s stock valued at $1,751,000 after acquiring an additional 109,411 shares in the last quarter. 91.69% of the stock is currently owned by hedge funds and other 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.