Sunrun (NASDAQ:RUN) Trading Up 5.8%

Sunrun Inc. (NASDAQ:RUN) shot up 5.8% on Thursday . The stock traded as high as $13.53 and last traded at $13.44. 5,591,291 shares traded hands during trading, a decline of 57% from the average session volume of 13,029,564 shares. The stock had previously closed at $12.70.

Analysts Set New Price Targets

A number of research firms recently weighed in on RUN. Morgan Stanley upped their price target on Sunrun from $24.00 to $29.00 and gave the stock an “overweight” rating in a research note on Friday, June 14th. Susquehanna cut their price target on Sunrun from $25.00 to $23.00 and set a “positive” rating for the company in a research note on Thursday, May 9th. Royal Bank of Canada lowered their price objective on Sunrun from $17.00 to $15.00 and set an “outperform” rating for the company in a research note on Friday, March 15th. Mizuho cut their target price on Sunrun from $28.00 to $23.00 and set a “buy” rating on the stock in a research report on Friday, April 19th. Finally, Jefferies Financial Group reduced their target price on shares of Sunrun from $32.00 to $26.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, Sunrun presently has an average rating of “Moderate Buy” and an average target price of $21.47.

Sunrun Trading Down 10.6 %

The firm has a 50-day simple moving average of $12.48 and a 200-day simple moving average of $13.60. The company has a quick ratio of 0.99, a current ratio of 1.31 and a debt-to-equity ratio of 1.84. The stock has a market cap of $2.63 billion, a PE ratio of -1.78 and a beta of 2.65.

Sunrun (NASDAQ:RUN) last issued its earnings results on Wednesday, May 8th. The energy company reported ($0.40) EPS for the quarter, topping the consensus estimate of ($0.49) by $0.09. Sunrun had a negative return on equity of 3.58% and a negative net margin of 68.22%. The business had revenue of $458.20 million during the quarter, compared to the consensus estimate of $471.38 million. During the same quarter last year, the company earned ($1.12) EPS. The firm’s revenue was down 22.3% compared to the same quarter last year. Equities analysts forecast that Sunrun Inc. will post -1.27 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Lynn Michelle Jurich sold 50,000 shares of Sunrun stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $12.11, for a total transaction of $605,500.00. Following the completion of the sale, the director now owns 1,344,383 shares in the company, valued at approximately $16,280,478.13. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Director Lynn Michelle Jurich sold 50,000 shares of the company’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $12.11, for a total value of $605,500.00. Following the completion of the transaction, the director now directly owns 1,344,383 shares in the company, valued at $16,280,478.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Mary Powell sold 22,549 shares of the firm’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $12.07, for a total value of $272,166.43. Following the sale, the chief executive officer now owns 379,768 shares in the company, valued at approximately $4,583,799.76. The disclosure for this sale can be found here. Insiders have sold 427,143 shares of company stock worth $5,502,579 in the last three months. 3.76% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of RUN. Vanguard Group Inc. grew its stake in shares of Sunrun by 14.0% in the first quarter. Vanguard Group Inc. now owns 22,325,106 shares of the energy company’s stock worth $294,245,000 after purchasing an additional 2,743,148 shares during the last quarter. Norges Bank bought a new stake in Sunrun in the fourth quarter valued at $23,186,000. Deutsche Bank AG lifted its position in shares of Sunrun by 112.9% in the 3rd quarter. Deutsche Bank AG now owns 2,226,821 shares of the energy company’s stock worth $27,969,000 after purchasing an additional 1,180,823 shares during the period. Greenvale Capital LLP raised its stake in Sunrun by 15.3% in the fourth quarter. Greenvale Capital LLP now owns 8,300,000 shares of the energy company’s stock worth $162,929,000 after buying an additional 1,100,000 shares in the last quarter. Finally, Masters Capital Management LLC purchased a new stake in Sunrun in the fourth quarter worth about $19,630,000. Hedge funds and other institutional investors 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.