Analysts Set Sunrun Inc. (NASDAQ:RUN) PT at $19.84

Shares of Sunrun Inc. (NASDAQ:RUN) have been assigned a consensus rating of “Moderate Buy” from the twenty-three ratings firms that are presently covering the stock, MarketBeat.com reports. One equities research 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 12 month target price among analysts that have issued a report on the stock in the last year is $19.6865.

A number of research analysts have recently issued reports on RUN shares. Freedom Capital downgraded shares of Sunrun from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Raymond James Financial initiated coverage on shares of Sunrun in a research report on Monday, January 12th. They set a “market perform” rating for the company. The Goldman Sachs Group increased their price objective on shares of Sunrun from $21.00 to $24.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Weiss Ratings raised shares of Sunrun from a “sell (d-)” rating to a “hold (c-)” rating in a report on Monday, March 2nd. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Sunrun in a research note on Wednesday, December 17th.

Sunrun Stock Performance

RUN stock opened at $11.97 on Tuesday. The stock’s 50 day simple moving average is $17.75 and its 200 day simple moving average is $18.19. Sunrun has a 12-month low of $5.38 and a 12-month high of $22.44. The firm has a market cap of $2.81 billion, a P/E ratio of 7.00 and a beta of 2.43. The company has a current ratio of 1.66, a quick ratio of 1.27 and a debt-to-equity ratio of 3.38.

Sunrun (NASDAQ:RUN) last released its quarterly earnings data on Thursday, February 26th. The energy company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.46. Sunrun had a net margin of 15.22% and a return on equity of 11.72%. The firm had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $610.29 million. During the same quarter in the previous year, the company posted $1.41 earnings per share. The firm’s revenue was up 123.5% on a year-over-year basis. As a group, equities research analysts predict that Sunrun will post -0.43 EPS for the current year.

Insiders Place Their Bets

In other Sunrun news, CEO Mary Powell sold 2,229 shares of the stock in a transaction on Friday, March 6th. The stock was sold at an average price of $11.94, for a total value of $26,614.26. Following the sale, the chief executive officer directly owned 1,127,951 shares of the company’s stock, valued at $13,467,734.94. This trade represents a 0.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Edward Harris Fenster sold 163,844 shares of the firm’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $19.95, for a total value of $3,268,687.80. Following the completion of the sale, the director owned 1,578,895 shares in the company, valued at $31,498,955.25. The trade was a 9.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 399,219 shares of company stock worth $7,261,635. 3.37% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Sunrun

Institutional investors have recently modified their holdings of the company. Hsbc Holdings PLC increased its holdings in shares of Sunrun by 19.1% in the 4th quarter. Hsbc Holdings PLC now owns 86,497 shares of the energy company’s stock worth $1,593,000 after acquiring an additional 13,860 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in Sunrun during the 4th quarter valued at about $27,000. Virtu Financial LLC bought a new position in Sunrun in the 4th quarter worth about $1,046,000. Invesco Ltd. grew its position in Sunrun by 26.6% in the 4th quarter. Invesco Ltd. now owns 5,868,199 shares of the energy company’s stock worth $107,975,000 after purchasing an additional 1,231,628 shares during the last quarter. Finally, EP Wealth Advisors LLC acquired a new stake in shares of Sunrun in the fourth quarter valued at approximately $2,233,000. Institutional investors 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.