Shares of Sunrun Inc (NASDAQ:RUN) hit a new 52-week high on Wednesday . The company traded as high as $16.10 and last traded at $15.99, with a volume of 82902 shares trading hands. The stock had previously closed at $15.41.

RUN has been the subject of several analyst reports. Credit Suisse Group raised their price target on shares of Sunrun from $15.00 to $16.00 and gave the company an “outperform” rating in a research note on Wednesday, June 13th. BidaskClub downgraded shares of Sunrun from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, April 11th. ValuEngine raised shares of Sunrun from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, May 2nd. Zacks Investment Research raised shares of Sunrun from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 2nd. Finally, UBS Group initiated coverage on shares of Sunrun in a research note on Thursday, March 15th. They set a “buy” rating and a $8.00 price target for the company. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. Sunrun presently has an average rating of “Buy” and a consensus target price of $10.68.

The company has a market cap of $1.74 billion, a PE ratio of 18.47, a price-to-earnings-growth ratio of 0.96 and a beta of -0.88. The company has a current ratio of 1.53, a quick ratio of 1.24 and a debt-to-equity ratio of 1.16.

Sunrun (NASDAQ:RUN) last announced its earnings results on Wednesday, May 9th. The energy company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. Sunrun had a net margin of 24.53% and a return on equity of 9.34%. The business had revenue of $144.36 million during the quarter, compared to the consensus estimate of $134.98 million. During the same quarter last year, the firm earned $0.12 earnings per share. Sunrun’s quarterly revenue was up 37.4% on a year-over-year basis. equities analysts predict that Sunrun Inc will post 1.21 earnings per share for the current fiscal year.

In other news, major shareholder Tiger Global Management Llc bought 217,050 shares of the stock in a transaction that occurred 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Lynn Michelle Jurich sold 36,522 shares of Sunrun stock in a transaction on Monday, April 16th. The stock was sold at an average price of $8.50, for a total transaction of $310,437.00. Following the transaction, the chief executive officer now directly owns 2,912,115 shares of the company’s stock, valued at approximately $24,752,977.50. The disclosure for this sale can be found here. Insiders have purchased 3,320,990 shares of company stock valued at $39,191,677 in the last three months. 19.45% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Aperio Group LLC raised its stake in Sunrun by 20.8% during the first quarter. Aperio Group LLC now owns 31,228 shares of the energy company’s stock worth $279,000 after buying an additional 5,378 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Sunrun by 36.1% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,366 shares of the energy company’s stock worth $209,000 after buying an additional 6,200 shares during the last quarter. Swiss National Bank raised its stake in Sunrun by 7.2% during the first quarter. Swiss National Bank now owns 120,450 shares of the energy company’s stock worth $1,076,000 after buying an additional 8,100 shares during the last quarter. Victory Capital Management Inc. raised its stake in Sunrun by 47.6% during the first quarter. Victory Capital Management Inc. now owns 25,648 shares of the energy company’s stock worth $229,000 after buying an additional 8,266 shares during the last quarter. Finally, First Trust Advisors LP increased its stake in Sunrun by 9.2% in the fourth quarter. First Trust Advisors LP now owns 116,870 shares of the energy company’s stock valued at $690,000 after purchasing an additional 9,848 shares in the last quarter. 81.11% 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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