Sunrun (NASDAQ:RUN) Lifted to Hold at Glj Research

Sunrun (NASDAQ:RUN) was upgraded by stock analysts at Glj Research from a “sell” rating to a “hold” rating in a research note issued to investors on Monday, Benzinga reports.

Several other equities research analysts have also recently commented on the stock. Jefferies Financial Group dropped their target price on shares of Sunrun from $31.00 to $29.00 and set a “buy” rating for the company in a research report on Thursday, October 10th. Oppenheimer lifted their price objective on Sunrun from $19.00 to $22.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Susquehanna decreased their target price on Sunrun from $24.00 to $23.00 and set a “positive” rating for the company in a research report on Wednesday, October 16th. Truist Financial restated a “hold” rating and set a $18.00 price target (up from $12.00) on shares of Sunrun in a research report on Wednesday, August 7th. Finally, UBS Group upped their price target on Sunrun from $14.00 to $18.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Sunrun presently has a consensus rating of “Hold” and a consensus target price of $22.79.

Sunrun Stock Down 2.0 %

Shares of NASDAQ:RUN opened at $14.14 on Monday. Sunrun has a 1 year low of $8.66 and a 1 year high of $22.26. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.66 and a quick ratio of 1.31. The stock’s 50-day moving average is $17.68 and its 200 day moving average is $15.27. The company has a market cap of $3.13 billion, a PE ratio of -2.12 and a beta of 2.58.

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

Insider Activity

In related news, insider Jeanna Steele sold 24,161 shares of the company’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $19.24, for a total transaction of $464,857.64. Following the completion of the sale, the insider now owns 310,617 shares in the company, valued at approximately $5,976,271.08. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Sunrun news, insider Jeanna Steele sold 24,161 shares of the stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $19.24, for a total value of $464,857.64. Following the transaction, the insider now directly owns 310,617 shares in the company, valued at approximately $5,976,271.08. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lynn Michelle Jurich sold 1,937 shares of the business’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $18.23, for a total transaction of $35,311.51. Following the sale, the director now directly owns 1,242,446 shares of the company’s stock, valued at approximately $22,649,790.58. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 180,001 shares of company stock valued at $3,220,345 over the last three months. Insiders own 3.76% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Saxon Interests Inc. bought a new stake in Sunrun during the first quarter valued at about $163,000. Albion Financial Group UT lifted its holdings in Sunrun by 20.7% in the 1st quarter. Albion Financial Group UT now owns 48,587 shares of the energy company’s stock worth $640,000 after purchasing an additional 8,319 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in Sunrun by 466.2% in the 1st quarter. State of Alaska Department of Revenue now owns 132,878 shares of the energy company’s stock worth $1,751,000 after purchasing an additional 109,411 shares during the period. Norden Group LLC grew its holdings in Sunrun by 709.5% during the 1st quarter. Norden Group LLC now owns 957,072 shares of the energy company’s stock valued at $12,614,000 after buying an additional 838,838 shares in the last quarter. Finally, First Trust Direct Indexing L.P. bought a new stake in shares of Sunrun during the first quarter valued at approximately $155,000. 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.