Sunrun Inc (RUN) Receives Consensus Recommendation of “Buy” from Brokerages
Sunrun Inc (NASDAQ:RUN) has been assigned an average rating of “Buy” from the eleven brokerages that are presently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $16.94.
Several brokerages have recently commented on RUN. ValuEngine raised shares of Sunrun from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 1st. Credit Suisse Group set a $24.00 price objective on shares of Sunrun and gave the company a “buy” rating in a research note on Friday, March 1st. Zacks Investment Research raised shares of Sunrun from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research note on Wednesday, March 6th. BidaskClub cut shares of Sunrun from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 7th. Finally, TheStreet cut shares of Sunrun from a “b-” rating to a “c+” rating in a research report on Friday, March 29th.
In related news, Chairman Edward Harris Fenster sold 30,442 shares of the business’s stock in a transaction dated Wednesday, February 13th. The shares were sold at an average price of $15.11, for a total transaction of $459,978.62. Following the transaction, the chairman now owns 2,351,657 shares in the company, valued at $35,533,537.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Lynn Michelle Jurich sold 68,532 shares of the business’s stock in a transaction dated Monday, February 11th. The shares were sold at an average price of $15.00, for a total transaction of $1,027,980.00. Following the transaction, the chief executive officer now owns 3,033,581 shares in the company, valued at approximately $45,503,715. The disclosure for this sale can be found here. Insiders have sold 578,290 shares of company stock worth $9,129,864 in the last quarter. 19.45% of the stock is owned by corporate insiders.
Shares of NASDAQ:RUN traded up $0.26 during midday trading on Thursday, hitting $16.10. 37,452 shares of the stock traded hands, compared to its average volume of 890,109. The company has a market cap of $1.79 billion, a price-to-earnings ratio of 69.83, a price-to-earnings-growth ratio of 0.61 and a beta of 0.55. The company has a current ratio of 1.24, a quick ratio of 1.03 and a debt-to-equity ratio of 1.61. Sunrun has a one year low of $8.01 and a one year high of $17.09.
Sunrun (NASDAQ:RUN) last issued its quarterly earnings data on Thursday, February 28th. The energy company reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.46 by ($0.51). The firm had revenue of $240.12 million for the quarter, compared to the consensus estimate of $177.45 million. Sunrun had a net margin of 3.51% and a return on equity of 2.09%. As a group, research analysts forecast that Sunrun will post 1.18 EPS for the current fiscal year.
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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