Sunrun Inc (NASDAQ:RUN) has received an average rating of “Buy” from the ten research firms that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $17.64.
A number of research firms recently weighed in on RUN. BidaskClub raised shares of Sunrun from a “hold” rating to a “buy” rating in a report on Saturday. TheStreet lowered shares of Sunrun from a “b-” rating to a “c+” rating in a report on Friday, March 29th. Zacks Investment Research raised shares of Sunrun from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a report on Wednesday, March 6th. Credit Suisse Group set a $24.00 target price on shares of Sunrun and gave the stock a “buy” rating in a report on Friday, March 1st. Finally, ValuEngine raised shares of Sunrun from a “buy” rating to a “strong-buy” rating in a report on Friday, March 1st.
Shares of NASDAQ RUN traded up $0.32 during midday trading on Thursday, hitting $15.94. The company’s stock had a trading volume of 32,304 shares, compared to its average volume of 891,356. Sunrun has a one year low of $8.43 and a one year high of $17.09. The company has a quick ratio of 1.03, a current ratio of 1.24 and a debt-to-equity ratio of 1.61. The firm has a market cap of $1.78 billion, a P/E ratio of 69.22, a price-to-earnings-growth ratio of 0.64 and a beta of 0.56.
Sunrun (NASDAQ:RUN) last posted its quarterly earnings results on Thursday, February 28th. The energy company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.51). Sunrun had a net margin of 3.51% and a return on equity of 2.09%. The business had revenue of $240.12 million during the quarter, compared to the consensus estimate of $177.45 million. Equities analysts expect that Sunrun will post 1.18 EPS for the current year.
In other Sunrun news, Chairman Edward Harris Fenster sold 150,092 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $16.38, for a total value of $2,458,506.96. Following the completion of the transaction, the chairman now owns 2,339,795 shares of the company’s stock, valued at approximately $38,325,842.10. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, General Counsel Jeanna Steele sold 4,657 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $14.58, for a total transaction of $67,899.06. Following the completion of the transaction, the general counsel now directly owns 112,812 shares of the company’s stock, valued at approximately $1,644,798.96. The disclosure for this sale can be found here. In the last three months, insiders sold 578,290 shares of company stock valued at $9,129,864. Corporate insiders own 19.45% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in RUN. Wells Fargo & Company MN boosted its stake in shares of Sunrun by 55.8% in the 3rd quarter. Wells Fargo & Company MN now owns 322,234 shares of the energy company’s stock valued at $4,008,000 after purchasing an additional 115,379 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Sunrun by 2.1% in the 3rd quarter. BlackRock Inc. now owns 6,419,916 shares of the energy company’s stock valued at $79,864,000 after purchasing an additional 133,702 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Sunrun by 230.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 505,989 shares of the energy company’s stock valued at $6,295,000 after purchasing an additional 352,702 shares in the last quarter. Standard Life Aberdeen plc purchased a new stake in Sunrun during the 3rd quarter valued at $261,000. Finally, First Republic Investment Management Inc. boosted its position in Sunrun by 79.3% during the 3rd quarter. First Republic Investment Management Inc. now owns 56,311 shares of the energy company’s stock valued at $701,000 after buying an additional 24,899 shares during the period. 85.56% of the stock is owned by institutional investors and hedge funds.
Sunrun Company Profile
Sunrun Inc engages in the design, development, installation, sale, ownership, and maintenance of residential solar energy systems in the United States. It also sells solar energy systems and products, such as panels and racking, as well as solar leads generated to customers. The company markets and sells its products through direct-to-consumer approach across online, retail, mass media, digital media, canvassing, field marketing, and referral channels, as well as its partner network.
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