Sunrun Inc. (NASDAQ:RUN) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Sunrun Inc. (NASDAQ:RUN) have been assigned a consensus rating of “Moderate Buy” from the twenty-four analysts that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, eight have given a hold recommendation, fourteen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $19.5809.

RUN has been the topic of a number of research reports. Jefferies Financial Group raised Sunrun from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $11.00 to $21.00 in a research note on Wednesday, October 1st. BMO Capital Markets set a $19.00 price objective on shares of Sunrun and gave the company a “market perform” rating in a research report on Wednesday, October 15th. Zacks Research downgraded shares of Sunrun from a “strong-buy” rating to a “hold” rating in a report on Friday, October 17th. Weiss Ratings reissued a “sell (d-)” rating on shares of Sunrun in a research note on Wednesday, October 8th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Sunrun in a research report on Wednesday, December 17th.

Sunrun Price Performance

Shares of NASDAQ RUN opened at $20.10 on Thursday. The company has a current ratio of 1.46, a quick ratio of 1.06 and a debt-to-equity ratio of 3.67. The company has a market capitalization of $4.66 billion, a price-to-earnings ratio of -1.80 and a beta of 2.35. Sunrun has a twelve month low of $5.38 and a twelve month high of $22.44. The business has a 50 day simple moving average of $19.03 and a 200-day simple moving average of $15.20.

Sunrun (NASDAQ:RUN) last released its quarterly earnings data on Thursday, November 6th. The energy company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.05. The business had revenue of $724.56 million during the quarter, compared to analyst estimates of $601.15 million. Sunrun had a positive return on equity of 19.34% and a negative net margin of 106.50%.The business’s revenue for the quarter was up 34.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.37) EPS. As a group, equities research analysts expect that Sunrun will post -0.43 earnings per share for the current year.

Insiders Place Their Bets

In other Sunrun news, CRO Paul S. Dickson sold 25,614 shares of the business’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $20.00, for a total transaction of $512,280.00. Following the sale, the executive directly owned 655,734 shares of the company’s stock, valued at $13,114,680. The trade was a 3.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jeanna Steele sold 21,037 shares of Sunrun stock in a transaction on Thursday, October 9th. The shares were sold at an average price of $20.25, for a total value of $425,999.25. Following the transaction, the insider owned 366,264 shares in the company, valued at $7,416,846. This represents a 5.43% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 445,536 shares of company stock valued at $8,579,156 over the last 90 days. 3.37% of the stock is owned by corporate insiders.

Institutional Trading of Sunrun

Large investors have recently added to or reduced their stakes in the business. Sycomore Asset Management acquired a new position in shares of Sunrun during the 3rd quarter worth about $28,000. Optiver Holding B.V. acquired a new stake in Sunrun in the 3rd quarter valued at approximately $31,000. Advisory Services Network LLC bought a new position in Sunrun in the 3rd quarter worth approximately $38,000. Resources Management Corp CT ADV increased its position in Sunrun by 1,085.3% in the 3rd quarter. Resources Management Corp CT ADV now owns 2,252 shares of the energy company’s stock worth $39,000 after buying an additional 2,062 shares during the period. Finally, Federated Hermes Inc. acquired a new position in shares of Sunrun during the third quarter worth approximately $49,000. 91.69% of the stock is owned by institutional investors.

About Sunrun

Sunrun, Inc (NASDAQ: RUN) is a leading provider of residential solar energy systems in the United States. The company designs, installs and maintains rooftop solar panels and battery storage solutions for homeowners under flexible financing arrangements. Customers can choose from leasing, power purchase agreements or solar ownership models, all of which are supported by Sunrun’s network of installation partners and service technicians. Sunrun also offers integrated home energy management services, including its Brightbox battery storage product, which enables customers to store solar energy for use during peak hours or power outages.

Founded in 2007 by Lynn Jurich, Ed Fenster and Nat Kreamer, Sunrun is headquartered in San Francisco, California.