Sunrun Inc. (NASDAQ:RUN) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Sunrun Inc. (NASDAQ:RUN) has earned a consensus rating of “Moderate Buy” from the twenty-two research firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $19.9890.

RUN has been the topic of a number of research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sunrun in a research note on Thursday, January 22nd. Morgan Stanley upped their target price on Sunrun from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 2nd. Deutsche Bank Aktiengesellschaft set a $19.00 target price on Sunrun in a report on Wednesday, January 7th. Wells Fargo & Company boosted their price target on shares of Sunrun from $14.00 to $21.00 and gave the company an “overweight” rating in a research note on Tuesday, November 11th. Finally, Raymond James Financial assumed coverage on shares of Sunrun in a report on Monday, January 12th. They set a “market perform” rating on the stock.

Sunrun Price Performance

Shares of NASDAQ RUN opened at $20.04 on Friday. The firm has a market capitalization of $4.65 billion, a P/E ratio of -1.79 and a beta of 2.36. The firm’s 50-day moving average price is $18.98 and its 200-day moving average price is $17.96. The company has a current ratio of 1.46, a quick ratio of 1.06 and a debt-to-equity ratio of 3.67. Sunrun has a 1-year low of $5.38 and a 1-year high of $22.44.

Insider Buying and Selling

In other news, Director Edward Harris Fenster sold 163,844 shares of the stock in a transaction that occurred on Wednesday, February 11th. The stock was 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 directly owned 1,578,895 shares of the company’s stock, valued at $31,498,955.25. This represents a 9.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Lynn Michelle Jurich sold 50,000 shares of Sunrun stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $18.59, for a total value of $929,500.00. Following the transaction, the director directly owned 651,175 shares in the company, valued at approximately $12,105,343.25. The trade was a 7.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 518,800 shares of company stock worth $9,903,520 over the last ninety days. Insiders own 3.37% of the company’s stock.

Institutional Trading of Sunrun

A number of institutional investors and hedge funds have recently modified their holdings of the business. Royal Bank of Canada increased its holdings in Sunrun by 5.1% in the 1st quarter. Royal Bank of Canada now owns 626,536 shares of the energy company’s stock worth $3,672,000 after acquiring an additional 30,175 shares during the last quarter. Integrated Wealth Concepts LLC boosted its position in Sunrun by 47.8% during the first quarter. Integrated Wealth Concepts LLC now owns 32,767 shares of the energy company’s stock worth $192,000 after purchasing an additional 10,598 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Sunrun by 2.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 238,360 shares of the energy company’s stock worth $1,397,000 after purchasing an additional 5,882 shares during the period. Jones Financial Companies Lllp increased its stake in shares of Sunrun by 511.0% in the first quarter. Jones Financial Companies Lllp now owns 27,026 shares of the energy company’s stock worth $158,000 after purchasing an additional 22,603 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of Sunrun by 45.3% in the first quarter. Goldman Sachs Group Inc. now owns 2,306,808 shares of the energy company’s stock valued at $13,518,000 after purchasing an additional 718,955 shares during the period. 91.69% of the stock is owned by hedge funds and other institutional investors.

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.