Weiss Ratings Reiterates “Sell (D-)” Rating for Sunrun (NASDAQ:RUN)

Sunrun (NASDAQ:RUN)‘s stock had its “sell (d-)” rating restated by investment analysts at Weiss Ratings in a research report issued to clients and investors on Saturday,Weiss Ratings reports.

Several other research firms have also recently weighed in on RUN. Susquehanna upped their price target on shares of Sunrun from $13.00 to $23.00 and gave the company a “positive” rating in a report on Monday, October 13th. Morgan Stanley set a $20.00 price target on Sunrun in a report on Thursday, October 16th. UBS Group boosted their price target on Sunrun from $16.00 to $26.00 and gave the company a “buy” rating in a report on Tuesday, October 21st. Royal Bank Of Canada boosted their price target on Sunrun from $16.00 to $22.00 and gave the company an “outperform” rating in a report on Monday, October 20th. Finally, Mizuho boosted their price target on Sunrun from $13.00 to $21.00 and gave the company an “outperform” rating in a report on Monday, July 14th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $18.60.

Sunrun Stock Up 5.2%

Shares of Sunrun stock opened at $20.85 on Friday. The company has a market capitalization of $4.81 billion, a P/E ratio of -1.80 and a beta of 2.41. The company has a debt-to-equity ratio of 3.70, a current ratio of 1.41 and a quick ratio of 1.02. The business has a 50-day moving average of $17.64 and a two-hundred day moving average of $11.95. Sunrun has a 1 year low of $5.38 and a 1 year high of $22.44.

Sunrun (NASDAQ:RUN) last released its quarterly earnings data on Wednesday, August 6th. The energy company reported $1.07 earnings per share for the quarter, beating the consensus estimate of ($0.18) by $1.25. Sunrun had a positive return on equity of 14.19% and a negative net margin of 120.59%.The business had revenue of $569.34 million for the quarter, compared to analysts’ expectations of $555.42 million. During the same quarter in the previous year, the business posted $0.55 EPS. Sunrun’s revenue for the quarter was up 8.7% on a year-over-year basis. As a group, equities analysts predict that Sunrun will post -0.43 EPS for the current year.

Insider Buying and Selling

In other Sunrun news, CFO Danny Abajian sold 9,055 shares of the company’s stock in a transaction on Monday, October 6th. The shares were sold at an average price of $19.35, for a total transaction of $175,214.25. Following the sale, the chief financial officer directly owned 424,606 shares of the company’s stock, valued at approximately $8,216,126.10. This represents a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Jeanna Steele sold 4,475 shares of the business’s stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $21.71, for a total value of $97,152.25. Following the transaction, the insider directly owned 361,789 shares in the company, valued at approximately $7,854,439.19. This trade represents a 1.22% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 266,956 shares of company stock worth $4,931,665. Insiders own 3.37% of the company’s stock.

Hedge Funds Weigh In On Sunrun

A number of institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC increased its position in Sunrun by 3.5% during the third quarter. GAMMA Investing LLC now owns 17,971 shares of the energy company’s stock worth $311,000 after buying an additional 607 shares during the last quarter. Osaic Holdings Inc. increased its position in Sunrun by 6.3% during the second quarter. Osaic Holdings Inc. now owns 22,386 shares of the energy company’s stock worth $183,000 after buying an additional 1,332 shares during the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd increased its position in Sunrun by 12.0% during the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 13,497 shares of the energy company’s stock worth $110,000 after buying an additional 1,442 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its position in Sunrun by 0.6% during the second quarter. CANADA LIFE ASSURANCE Co now owns 268,167 shares of the energy company’s stock worth $2,195,000 after buying an additional 1,586 shares during the last quarter. Finally, Alterna Wealth Management Inc. increased its position in Sunrun by 16.6% during the first quarter. Alterna Wealth Management Inc. now owns 12,075 shares of the energy company’s stock worth $71,000 after buying an additional 1,720 shares during the last quarter. Institutional investors and hedge funds own 91.69% of the company’s stock.

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.