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

Sunrun Inc. (NASDAQ:RUN) has earned an average recommendation of “Moderate Buy” from the twenty-three analysts that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, nine have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $19.8365.

A number of brokerages have issued reports on RUN. Morgan Stanley raised their target price on Sunrun from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 2nd. The Goldman Sachs Group boosted their price target on shares of Sunrun from $21.00 to $24.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Guggenheim raised shares of Sunrun from a “neutral” rating to a “buy” rating and set a $27.00 price objective for the company in a report on Monday, November 10th. Loop Capital set a $12.00 price objective on shares of Sunrun in a research report on Tuesday, March 3rd. Finally, Jefferies Financial Group downgraded shares of Sunrun from a “buy” rating to a “hold” rating and set a $22.00 target price on the stock. in a research note on Friday, February 27th.

Key Sunrun News

Here are the key news stories impacting Sunrun this week:

• Positive Sentiment: Analysts note Sunrun’s improving cash generation and progress on asset monetization, which supports a higher long‑term valuation even though one model trimmed its fair‑value estimate slightly; this is the bullish case investors cite when valuing RUN. How Sunrun (RUN) Narrative Is Shifting As Cash Generation Meets Valuation Doubts
• Neutral Sentiment: Recent reporting on short interest provides context on market positioning — rising short activity can amplify volatility but doesn’t itself change fundamentals; monitor changes in short interest for potential price pressure. 4RUN : Peering Into Sunrun Inc’s Recent Short Interest
• Negative Sentiment: Multiple senior executives and an insider executed stock sales on March 6 (CEO Mary Powell, CFO Danny Abajian, CRO Paul S. Dickson, director Lynn Jurich and insider Jeanna Steele). While sizes are small relative to their holdings, clustered sales by top executives can be read negatively by the market as reduced insider conviction or liquidity-driven moves; review the SEC filings linked below for details. Mary Powell Form 4 Danny Abajian Form 4 Paul S. Dickson Form 4 Lynn Jurich Form 4 Jeanna Steele Form 4
• Negative Sentiment: A law firm has announced a fraud investigation involving Sunrun, which can increase legal risk, raise uncertainty and pressure sentiment until the scope and outcome are clarified; investors should monitor developments and potential filings. RUN Investors Have Opportunity to Join Sunrun Inc. Fraud Investigation

Sunrun Trading Down 0.1%

Shares of Sunrun stock opened at $11.33 on Tuesday. The stock has a market cap of $2.66 billion, a P/E ratio of 6.63 and a beta of 2.43. The stock’s 50 day simple moving average is $18.13 and its 200-day simple moving average is $18.30. Sunrun has a 1-year low of $5.38 and a 1-year high of $22.44. The company has a debt-to-equity ratio of 3.38, a current ratio of 1.66 and a quick ratio of 1.27.

Sunrun (NASDAQ:RUN) last posted its quarterly earnings results on Thursday, February 26th. The energy company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.46. Sunrun had a return on equity of 11.72% and a net margin of 15.22%.The business had revenue of $1.16 billion during the quarter, compared to analyst estimates of $610.29 million. During the same period in the prior year, the business earned $1.41 earnings per share. The business’s revenue was up 123.5% compared to the same quarter last year. Analysts predict that Sunrun will post -0.43 EPS for the current fiscal year.

Insider Buying and Selling at Sunrun

In related news, Director Lynn Michelle Jurich sold 55,507 shares of the stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $12.68, for a total value of $703,828.76. Following the completion of the transaction, the director directly owned 608,397 shares in the company, valued at approximately $7,714,473.96. This represents a 8.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Maria Barak sold 1,630 shares of the firm’s stock in a transaction on Friday, January 9th. The stock was sold at an average price of $18.55, for a total value of $30,236.50. Following the sale, the chief accounting officer directly owned 85,643 shares of the company’s stock, valued at approximately $1,588,677.65. This trade represents a 1.87% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 399,219 shares of company stock worth $7,261,635. Insiders own 3.37% of the company’s stock.

Hedge Funds Weigh In On Sunrun

Several large investors have recently modified their holdings of RUN. Royal Bank of Canada increased its holdings in Sunrun by 5.1% in the 1st quarter. Royal Bank of Canada now owns 626,536 shares of the energy company’s stock valued at $3,672,000 after purchasing an additional 30,175 shares during the last quarter. Integrated Wealth Concepts LLC raised its position in Sunrun by 47.8% in the first quarter. Integrated Wealth Concepts LLC now owns 32,767 shares of the energy company’s stock valued at $192,000 after purchasing an additional 10,598 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Sunrun by 2.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 238,360 shares of the energy company’s stock worth $1,397,000 after purchasing an additional 5,882 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in Sunrun by 511.0% during the first quarter. Jones Financial Companies Lllp now owns 27,026 shares of the energy company’s stock worth $158,000 after purchasing an additional 22,603 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of Sunrun by 45.3% during the first quarter. Goldman Sachs Group Inc. now owns 2,306,808 shares of the energy company’s stock worth $13,518,000 after buying an additional 718,955 shares during the period. 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.