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

Sunrun Inc. (NASDAQ:RUN) has been given an average recommendation of “Moderate Buy” by the twenty-five ratings firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $19.7038.

A number of research firms have commented on RUN. TD Cowen increased their price objective on shares of Sunrun from $22.00 to $23.00 and gave the company a “buy” rating in a report on Friday, November 7th. The Goldman Sachs Group lifted their price objective on Sunrun from $19.00 to $21.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. BMO Capital Markets set a $19.00 target price on Sunrun and gave the company a “market perform” rating in a report on Wednesday, October 15th. Deutsche Bank Aktiengesellschaft set a $19.00 price target on Sunrun in a report on Wednesday, January 7th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Sunrun from $23.00 to $25.00 and gave the company an “overweight” rating in a research report on Thursday, October 16th.

Sunrun Stock Down 0.2%

RUN stock opened at $18.23 on Monday. The firm has a 50-day simple moving average of $18.62 and a 200-day simple moving average of $16.56. Sunrun has a 52 week low of $5.38 and a 52 week high of $22.44. The stock has a market capitalization of $4.23 billion, a P/E ratio of -1.63 and a beta of 2.35. The company has a quick ratio of 1.06, a current ratio of 1.46 and a debt-to-equity ratio of 3.67.

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

Insider Buying and Selling

In related news, CRO Paul S. Dickson sold 6,119 shares of the company’s stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $17.80, for a total value of $108,918.20. Following the transaction, the executive directly owned 639,110 shares in the company, valued at approximately $11,376,158. This represents a 0.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Lynn Michelle Jurich sold 50,000 shares of the firm’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $19.57, for a total value of $978,500.00. Following the sale, the director directly owned 751,626 shares of the company’s stock, valued at approximately $14,709,320.82. This trade represents a 6.24% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 354,956 shares of company stock worth $6,725,832 over the last ninety days. 3.37% of the stock is currently owned by insiders.

Institutional Trading of Sunrun

Several institutional investors have recently added to or reduced their stakes in RUN. PGGM Investments grew its stake in shares of Sunrun by 316.6% during the second quarter. PGGM Investments now owns 7,007,258 shares of the energy company’s stock worth $57,319,000 after purchasing an additional 5,325,332 shares in the last quarter. Greenleaf Trust purchased a new stake in Sunrun during the 2nd quarter worth about $121,000. Nisa Investment Advisors LLC lifted its holdings in Sunrun by 7,260.9% during the 2nd quarter. Nisa Investment Advisors LLC now owns 122,118 shares of the energy company’s stock worth $999,000 after buying an additional 120,459 shares during the last quarter. Range Financial Group LLC acquired a new position in shares of Sunrun during the 3rd quarter worth about $1,403,000. Finally, Duff & Phelps Investment Management Co. increased its holdings in shares of Sunrun by 47.3% in the 2nd quarter. Duff & Phelps Investment Management Co. now owns 51,807 shares of the energy company’s stock valued at $424,000 after acquiring an additional 16,643 shares during the last quarter. Institutional investors and hedge funds own 91.69% of the company’s stock.

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.