Glj Research Reiterates Sell Rating for Sunrun (NASDAQ:RUN)

Sunrun (NASDAQ:RUN)‘s stock had its “sell” rating restated by investment analysts at Glj Research in a research report issued on Monday,Benzinga reports. They currently have a $4.63 price target on the energy company’s stock. Glj Research’s target price suggests a potential downside of 54.56% from the company’s previous close.

A number of other equities research analysts also recently weighed in on the company. Royal Bank Of Canada decreased their target price on Sunrun from $18.00 to $14.00 and set an “outperform” rating on the stock in a research report on Thursday, August 6th. Wall Street Zen raised Sunrun from a “sell” rating to a “hold” rating in a report on Saturday. Wells Fargo & Company decreased their price objective on Sunrun from $22.00 to $17.00 and set an “overweight” rating on the stock in a research report on Friday. Mizuho set a $18.00 target price on shares of Sunrun in a research note on Thursday, August 6th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $17.00 price target on shares of Sunrun in a research report on Friday, May 8th. Twelve research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Sunrun presently has a consensus rating of “Hold” and an average target price of $16.81.

Sunrun Stock Performance

Shares of RUN stock opened at $10.19 on Monday. The firm has a market cap of $2.45 billion, a price-to-earnings ratio of 6.89 and a beta of 2.36. The stock’s 50-day moving average is $11.79 and its two-hundred day moving average is $13.79. The company has a debt-to-equity ratio of 3.34, a quick ratio of 1.00 and a current ratio of 1.42. Sunrun has a 1 year low of $8.61 and a 1 year high of $22.44.

Sunrun (NASDAQ:RUN) last released its earnings results on Wednesday, August 5th. The energy company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.23 by $0.19. Sunrun had a net margin of 11.59% and a return on equity of 9.59%. The firm had revenue of $869.99 million during the quarter, compared to analysts’ expectations of $746.87 million. During the same period in the previous year, the company earned $1.07 EPS. Sunrun’s revenue for the quarter was up 52.8% on a year-over-year basis. Analysts predict that Sunrun will post 1.13 earnings per share for the current year.

Insider Transactions at Sunrun

In other news, insider Jeanna Steele sold 9,897 shares of the business’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $13.19, for a total value of $130,541.43. Following the transaction, the insider directly owned 461,715 shares of the company’s stock, valued at $6,090,020.85. The trade was a 2.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Lynn Michelle Jurich sold 50,000 shares of Sunrun stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $15.92, for a total value of $796,000.00. Following the transaction, the director owned 459,091 shares in the company, valued at $7,308,728.72. This trade represents a 9.82% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 223,045 shares of company stock valued at $2,934,835 over the last 90 days. Corporate insiders own 3.55% of the company’s stock.

Institutional Trading of Sunrun

Hedge funds have recently made changes to their positions in the stock. Farther Finance Advisors LLC lifted its stake in shares of Sunrun by 156.9% in the 4th quarter. Farther Finance Advisors LLC now owns 1,449 shares of the energy company’s stock valued at $27,000 after purchasing an additional 885 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Sunrun in the 4th quarter worth $27,000. Hantz Financial Services Inc. grew its holdings in Sunrun by 59.1% in the fourth quarter. Hantz Financial Services Inc. now owns 1,519 shares of the energy company’s stock worth $28,000 after purchasing an additional 564 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of Sunrun in the fourth quarter worth $30,000. Finally, Salomon & Ludwin LLC grew its stake in Sunrun by 49.2% in the 4th quarter. Salomon & Ludwin LLC now owns 1,693 shares of the energy company’s stock valued at $31,000 after acquiring an additional 558 shares during the period. 91.69% of the stock is owned by institutional investors.

Sunrun Company Profile

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.