Sunrun Inc. (NASDAQ:RUN) Receives $18.36 Average PT from Analysts

Sunrun Inc. (NASDAQ:RUN) has earned an average rating of “Moderate Buy” from the twenty-two research firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and fourteen have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $18.36.

A number of analysts recently issued reports on RUN shares. Morgan Stanley decreased their target price on Sunrun from $35.00 to $27.00 and set an “overweight” rating for the company in a research report on Friday, November 15th. UBS Group upgraded shares of Sunrun from a “neutral” rating to a “buy” rating and raised their target price for the stock from $14.00 to $17.00 in a research report on Friday, January 10th. Roth Mkm cut their target price on shares of Sunrun from $35.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, November 8th. Piper Sandler cut shares of Sunrun from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $23.00 to $11.00 in a research note on Friday, November 22nd. Finally, Truist Financial restated a “hold” rating and issued a $12.00 price objective (down from $18.00) on shares of Sunrun in a research note on Tuesday, November 12th.

Sunrun Trading Down 2.0 %

Shares of Sunrun stock opened at $8.47 on Monday. The company has a current ratio of 1.47, a quick ratio of 1.15 and a debt-to-equity ratio of 1.92. The company has a fifty day simple moving average of $9.88 and a 200-day simple moving average of $14.01. The stock has a market cap of $1.90 billion, a price-to-earnings ratio of -4.65 and a beta of 2.59. Sunrun has a 12-month low of $8.22 and a 12-month high of $22.26.

Sunrun (NASDAQ:RUN) last released its quarterly earnings data on Thursday, November 7th. The energy company reported ($0.37) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.21). Sunrun had a negative net margin of 18.80% and a negative return on equity of 5.15%. The company had revenue of $537.17 million during the quarter, compared to analyst estimates of $560.60 million. During the same quarter in the prior year, the company earned $0.40 EPS. On average, equities analysts forecast that Sunrun will post -0.43 EPS for the current fiscal year.

Insider Buying and Selling at Sunrun

In other Sunrun news, CFO Danny Abajian sold 3,734 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $11.18, for a total value of $41,746.12. Following the sale, the chief financial officer now owns 257,969 shares of the company’s stock, valued at $2,884,093.42. This represents a 1.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lynn Michelle Jurich sold 50,000 shares of the stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $9.42, for a total transaction of $471,000.00. Following the completion of the sale, the director now owns 1,041,753 shares in the company, valued at $9,813,313.26. This represents a 4.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 164,830 shares of company stock valued at $1,614,147. Corporate insiders own 3.77% of the company’s stock.

Institutional Investors Weigh In On Sunrun

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. State Street Corp raised its holdings in shares of Sunrun by 0.6% in the third quarter. State Street Corp now owns 9,159,711 shares of the energy company’s stock worth $165,424,000 after acquiring an additional 54,329 shares during the last quarter. Geode Capital Management LLC increased its position in Sunrun by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 5,315,667 shares of the energy company’s stock worth $96,019,000 after purchasing an additional 30,549 shares in the last quarter. Erste Asset Management GmbH acquired a new position in Sunrun in the 3rd quarter valued at about $76,152,000. FMR LLC lifted its holdings in Sunrun by 83.6% in the 3rd quarter. FMR LLC now owns 3,430,327 shares of the energy company’s stock valued at $61,952,000 after purchasing an additional 1,562,163 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in shares of Sunrun by 113.5% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,515,302 shares of the energy company’s stock worth $45,426,000 after purchasing an additional 1,337,302 shares during the last quarter. 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.