Shares of Sunrun Inc (NASDAQ:RUN) dropped 5.2% on Friday . The stock traded as low as $14.55 and last traded at $14.66, approximately 1,472,751 shares traded hands during mid-day trading. An increase of 2% from the average daily volume of 1,438,195 shares. The stock had previously closed at $15.47.

A number of brokerages have recently commented on RUN. Zacks Investment Research raised Sunrun from a “strong sell” rating to a “hold” rating in a report on Saturday, August 10th. KeyCorp began coverage on Sunrun in a report on Monday. They set an “overweight” rating and a $19.00 price objective on the stock. Barclays began coverage on Sunrun in a report on Thursday, May 16th. They set an “overweight” rating and a $21.00 price objective on the stock. Roth Capital set a $24.00 price objective on Sunrun and gave the company a “buy” rating in a report on Thursday, May 23rd. Finally, Bank of America reissued a “buy” rating and set a $23.50 price objective (up previously from $17.50) on shares of Sunrun in a report on Thursday, April 25th. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Sunrun has an average rating of “Buy” and an average price target of $21.19.

The company has a current ratio of 0.83, a quick ratio of 0.69 and a debt-to-equity ratio of 1.68. The firm has a market cap of $1.72 billion, a price-to-earnings ratio of 63.74, a price-to-earnings-growth ratio of 6.36 and a beta of 0.66. The stock has a fifty day moving average price of $18.34 and a 200 day moving average price of $16.50.

Sunrun (NASDAQ:RUN) last issued its quarterly earnings data on Wednesday, August 7th. The energy company reported ($0.01) EPS for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.18). The company had revenue of $204.60 million for the quarter, compared to analyst estimates of $198.78 million. Sunrun had a negative net margin of 2.84% and a negative return on equity of 1.89%. The business’s revenue was up 20.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.06 EPS. On average, sell-side analysts forecast that Sunrun Inc will post 0.5 EPS for the current year.

In other Sunrun news, major shareholder Tiger Global Management Llc bought 236,781 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was purchased at an average price of $15.71 per share, for a total transaction of $3,719,829.51. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Michelle Philpot sold 7,500 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $18.41, for a total value of $138,075.00. Following the sale, the chief accounting officer now owns 64,197 shares of the company’s stock, valued at approximately $1,181,866.77. The disclosure for this sale can be found here. In the last three months, insiders have bought 4,067,975 shares of company stock worth $70,803,816 and have sold 306,099 shares worth $6,006,175. Corporate insiders own 9.34% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Perella Weinberg Partners Capital Management LP bought a new stake in Sunrun during the 2nd quarter valued at approximately $559,000. Norges Bank bought a new stake in Sunrun during the 4th quarter valued at approximately $16,863,000. JPMorgan Chase & Co. boosted its stake in Sunrun by 132.2% during the 1st quarter. JPMorgan Chase & Co. now owns 348,464 shares of the energy company’s stock valued at $4,899,000 after purchasing an additional 198,395 shares during the period. Legal & General Group Plc boosted its stake in Sunrun by 7.7% during the 4th quarter. Legal & General Group Plc now owns 16,805 shares of the energy company’s stock valued at $183,000 after purchasing an additional 1,205 shares during the period. Finally, Ashfield Capital Partners LLC bought a new stake in Sunrun during the 1st quarter valued at approximately $154,000. Hedge funds and other institutional investors own 79.58% of the company’s stock.

Sunrun Company Profile (NASDAQ:RUN)

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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