Sunrun Inc. (NASDAQ:RUN) Given Consensus Recommendation of “Hold” by Analysts

Sunrun Inc. (NASDAQ:RUN) has been assigned an average recommendation of “Hold” from the twenty-four brokerages that are covering the firm, Marketbeat reports. Four analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and ten have given a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $13.26.

A number of brokerages recently weighed in on RUN. Wells Fargo & Company decreased their price objective on Sunrun from $10.00 to $8.00 and set an “overweight” rating for the company in a research note on Wednesday, June 25th. Morgan Stanley reiterated an “equal weight” rating and issued a $11.00 target price on shares of Sunrun in a report on Wednesday, April 23rd. BNP Paribas Exane cut shares of Sunrun from an “outperform” rating to a “neutral” rating and set a $10.00 price target on the stock. in a report on Thursday, May 22nd. BNP Paribas downgraded shares of Sunrun from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 22nd. Finally, Truist Financial reissued a “hold” rating and set a $6.00 target price (down previously from $9.00) on shares of Sunrun in a research report on Wednesday, April 16th.

Insider Transactions at Sunrun

In other Sunrun news, CRO Paul S. Dickson sold 19,343 shares of Sunrun stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $6.74, for a total transaction of $130,371.82. Following the completion of the sale, the executive directly owned 399,729 shares in the company, valued at approximately $2,694,173.46. The trade was a 4.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Mary Powell sold 31,197 shares of the firm’s stock in a transaction on Monday, April 7th. The stock was sold at an average price of $6.74, for a total transaction of $210,267.78. Following the transaction, the chief executive officer directly owned 534,615 shares of the company’s stock, valued at approximately $3,603,305.10. This trade represents a 5.51% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 88,993 shares of company stock valued at $612,979 over the last quarter. Company insiders own 3.37% of the company’s stock.

Institutional Investors Weigh In On Sunrun

Hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in shares of Sunrun by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 23,749,115 shares of the energy company’s stock valued at $219,679,000 after purchasing an additional 343,448 shares in the last quarter. Greenvale Capital LLP grew its holdings in Sunrun by 50.3% in the fourth quarter. Greenvale Capital LLP now owns 13,500,000 shares of the energy company’s stock valued at $124,875,000 after purchasing an additional 4,516,793 shares during the period. Alyeska Investment Group L.P. increased its position in shares of Sunrun by 593.9% in the fourth quarter. Alyeska Investment Group L.P. now owns 12,028,454 shares of the energy company’s stock valued at $111,263,000 after buying an additional 10,294,947 shares in the last quarter. Sylebra Capital LLC increased its position in shares of Sunrun by 23.8% in the first quarter. Sylebra Capital LLC now owns 8,273,331 shares of the energy company’s stock valued at $48,482,000 after buying an additional 1,590,169 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Sunrun by 27.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,621,303 shares of the energy company’s stock worth $61,252,000 after buying an additional 1,427,858 shares during the period. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Sunrun Stock Down 0.6%

Shares of Sunrun stock opened at $8.99 on Thursday. The company has a debt-to-equity ratio of 3.89, a current ratio of 1.32 and a quick ratio of 0.99. The stock has a market cap of $2.05 billion, a price-to-earnings ratio of -0.74 and a beta of 2.60. The firm’s 50-day moving average is $8.27 and its two-hundred day moving average is $8.19. Sunrun has a 1 year low of $5.38 and a 1 year high of $22.26.

Sunrun (NASDAQ:RUN) last issued its quarterly earnings data on Wednesday, May 7th. The energy company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.22) by $0.42. The company had revenue of $504.27 million for the quarter, compared to analyst estimates of $487.29 million. Sunrun had a negative net margin of 129.97% and a positive return on equity of 9.42%. Sunrun’s revenue was up 10.1% compared to the same quarter last year. During the same period last year, the company posted ($0.40) earnings per share. As a group, research analysts expect that Sunrun will post -0.43 earnings per share for the current fiscal year.

Sunrun Company Profile

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.