Roth Capital set a $18.00 price target on Sunrun (NASDAQ:RUN) in a research note published on Thursday, The Fly reports. The firm currently has a buy rating on the energy company’s stock.

A number of other analysts have also recently commented on RUN. BidaskClub cut Sunrun from a strong-buy rating to a buy rating in a research report on Wednesday, April 11th. Guggenheim reiterated a buy rating and set a $12.00 price objective on shares of Sunrun in a research report on Thursday, April 12th. Zacks Investment Research cut Sunrun from a hold rating to a sell rating in a research report on Wednesday, April 18th. ValuEngine upgraded Sunrun from a buy rating to a strong-buy rating in a research report on Wednesday, May 2nd. Finally, Credit Suisse Group upped their price objective on Sunrun from $15.00 to $16.00 and gave the company an outperform rating in a research report on Wednesday, June 13th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Sunrun has an average rating of Buy and a consensus target price of $14.73.

Sunrun traded down $1.05, reaching $13.29, during mid-day trading on Thursday, MarketBeat Ratings reports. 9,787,406 shares of the stock traded hands, compared to its average volume of 1,685,859. The stock has a market cap of $1.56 billion, a PE ratio of 17.70, a price-to-earnings-growth ratio of 0.65 and a beta of -0.81. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.24 and a current ratio of 1.53. Sunrun has a 12-month low of $4.21 and a 12-month high of $16.44.

Sunrun (NASDAQ:RUN) last posted its quarterly earnings data on Thursday, August 9th. The energy company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.31). The firm had revenue of $170.50 million for the quarter, compared to analysts’ expectations of $167.64 million. Sunrun had a net margin of 20.26% and a return on equity of 7.58%. The firm’s revenue was up 30.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.23 EPS. sell-side analysts predict that Sunrun will post 1.43 EPS for the current fiscal year.

In related news, major shareholder Tiger Global Management Llc purchased 217,050 shares of the business’s stock in a transaction on Friday, May 25th. The stock was acquired at an average price of $10.86 per share, with a total value of $2,357,163.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Edward Harris Fenster sold 90,224 shares of the business’s stock in a transaction dated Thursday, July 26th. The shares were sold at an average price of $15.22, for a total value of $1,373,209.28. Following the sale, the chairman now directly owns 2,281,215 shares of the company’s stock, valued at approximately $34,720,092.30. The disclosure for this sale can be found here. Insiders have acquired 3,820,990 shares of company stock valued at $46,106,677 in the last three months. 19.45% of the stock is currently owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in RUN. Levin Capital Strategies L.P. bought a new position in shares of Sunrun in the second quarter worth about $131,000. Xact Kapitalforvaltning AB bought a new position in shares of Sunrun in the second quarter worth about $204,000. Mount Yale Investment Advisors LLC bought a new position in shares of Sunrun in the first quarter worth about $139,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Sunrun by 36.1% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,366 shares of the energy company’s stock worth $209,000 after acquiring an additional 6,200 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in shares of Sunrun by 47.6% in the first quarter. Victory Capital Management Inc. now owns 25,648 shares of the energy company’s stock worth $229,000 after acquiring an additional 8,266 shares during the period. 77.34% 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 leads. The company markets and sells its products through direct channels, partner channels, mass media, digital media, canvassing, referral, retail, and field marketing.

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Analyst Recommendations for Sunrun (NASDAQ:RUN)

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