Sunrun (NASDAQ:RUN) Stock Price Up 5.4%

Sunrun Inc. (NASDAQ:RUN – Get Rating)’s stock price traded up 5.4% during trading on Friday . The stock traded as high as $17.76 and last traded at $17.65. 1,283,970 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 9,029,631 shares. The stock had previously closed at $16.74.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Bank of America raised their target price on shares of Sunrun from $40.00 to $46.00 and gave the stock a “buy” rating in a report on Thursday, February 23rd. Susquehanna reduced their price objective on shares of Sunrun from $42.00 to $40.00 in a research note on Thursday, May 4th. The Goldman Sachs Group cut their target price on shares of Sunrun from $37.00 to $27.00 and set a “buy” rating for the company in a research report on Thursday, March 30th. Capital One Financial restated an “overweight” rating and set a $32.00 price objective on shares of Sunrun in a report on Friday, April 14th. Finally, TheStreet cut shares of Sunrun from a “c-” rating to a “d+” rating in a research note on Thursday, April 6th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $36.95.

Sunrun Trading Down 1.7 %

The firm has a market cap of $3.55 billion, a PE ratio of 235.03 and a beta of 2.34. The company has a current ratio of 1.81, a quick ratio of 1.04 and a debt-to-equity ratio of 1.20. The business has a fifty day moving average price of $19.58 and a 200 day moving average price of $24.07.

Sunrun (NASDAQ:RUN – Get Rating) last released its quarterly earnings data on Wednesday, May 3rd. The energy company reported ($1.12) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($1.08). The firm had revenue of $589.85 million during the quarter, compared to analysts’ expectations of $517.78 million. Sunrun had a net margin of 0.86% and a return on equity of 0.28%. The business’s revenue for the quarter was up 19.0% on a year-over-year basis. During the same period in the previous year, the business earned ($0.42) earnings per share. Analysts forecast that Sunrun Inc. will post -1.18 EPS for the current year.

Insider Transactions at Sunrun

In other Sunrun news, insider Edward Harris Fenster sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, February 16th. The shares were sold at an average price of $24.45, for a total value of $1,222,500.00. Following the completion of the sale, the insider now directly owns 1,293,871 shares of the company’s stock, valued at $31,635,145.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Edward Harris Fenster sold 50,000 shares of the stock in a transaction on Thursday, February 16th. The shares were sold at an average price of $24.45, for a total value of $1,222,500.00. Following the completion of the transaction, the insider now owns 1,293,871 shares in the company, valued at approximately $31,635,145.95. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Mary Powell sold 1,400 shares of the company’s stock in a transaction dated Tuesday, February 28th. The stock was sold at an average price of $23.73, for a total transaction of $33,222.00. Following the completion of the sale, the chief executive officer now directly owns 187,894 shares in the company, valued at approximately $4,458,724.62. The disclosure for this sale can be found here. Insiders sold a total of 228,012 shares of company stock valued at $5,278,534 in the last three months. 4.29% of the stock is currently owned by corporate insiders.

Institutional Trading of Sunrun

A number of hedge funds and other institutional investors have recently made changes to their positions in RUN. Nisa Investment Advisors LLC lifted its holdings in shares of Sunrun by 64.1% during the third quarter. Nisa Investment Advisors LLC now owns 1,149 shares of the energy company’s stock worth $28,000 after buying an additional 449 shares in the last quarter. RFP Financial Group LLC acquired a new position in Sunrun during the fourth quarter worth about $40,000. Salem Investment Counselors Inc. grew its holdings in shares of Sunrun by 3,750.0% during the first quarter. Salem Investment Counselors Inc. now owns 1,540 shares of the energy company’s stock worth $47,000 after purchasing an additional 1,500 shares during the last quarter. Exchange Traded Concepts LLC grew its holdings in shares of Sunrun by 40.0% during the first quarter. Exchange Traded Concepts LLC now owns 3,075 shares of the energy company’s stock worth $62,000 after purchasing an additional 879 shares during the last quarter. Finally, Quadrant Capital Group LLC grew its holdings in shares of Sunrun by 150.6% during the third quarter. Quadrant Capital Group LLC now owns 2,383 shares of the energy company’s stock worth $66,000 after purchasing an additional 1,432 shares during the last quarter. 86.21% of the stock is currently owned by institutional investors and hedge funds.

About Sunrun

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Sunrun, Inc engages in the design, development, installation, sale, ownership, and maintenance of residential solar energy systems. It sells solar service offerings and installs solar energy systems for homeowners. Customers can access its products through three channels: direct-to-consumer, solar partnerships, and strategic partnerships.