Sunrun (NASDAQ:RUN) had its price target hoisted by Credit Suisse Group from $22.00 to $23.00 in a research report issued on Friday. The brokerage currently has a “buy” rating on the energy company’s stock. Credit Suisse Group’s price target points to a potential upside of 73.06% from the stock’s previous close.

Several other research analysts also recently commented on RUN. Roth Capital set a $18.00 target price on Sunrun and gave the stock a “buy” rating in a research note on Thursday. TheStreet raised Sunrun from a “d+” rating to a “c+” rating in a research note on Monday, August 6th. Morgan Stanley downgraded Sunrun from an “overweight” rating to an “equal weight” rating and upped their price objective for the company from $8.00 to $15.00 in a research note on Friday, August 3rd. They noted that the move was a valuation call. ValuEngine downgraded Sunrun from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 2nd. Finally, Bank of America upped their price objective on Sunrun from $11.00 to $15.00 and gave the company an “underperform” rating in a research note on Tuesday, July 24th. One equities 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. The stock currently has an average rating of “Buy” and an average price target of $14.73.

Sunrun traded down $1.05, reaching $13.29, during midday trading on Friday, MarketBeat reports. The company had a trading volume of 9,787,406 shares, compared to its average volume of 1,685,859. The company 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. Sunrun has a 1-year low of $4.21 and a 1-year high of $16.44. The company has a quick ratio of 1.24, a current ratio of 1.53 and a debt-to-equity ratio of 1.16.

Sunrun (NASDAQ:RUN) last posted its quarterly earnings results on Thursday, August 9th. The energy company reported $0.06 EPS for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.31). The company had revenue of $170.50 million during the quarter, compared to analyst estimates of $167.64 million. Sunrun had a net margin of 20.26% and a return on equity of 7.58%. The firm’s revenue for the quarter was up 30.6% compared to the same quarter last year. During the same period last year, the firm earned $0.23 EPS. analysts anticipate 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 stock in a transaction that occurred on Friday, May 25th. The stock was acquired at an average cost of $10.86 per share, with a total value of $2,357,163.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Lynn Michelle Jurich sold 131,004 shares of the stock in a transaction on Wednesday, August 1st. The shares were sold at an average price of $14.13, for a total value of $1,851,086.52. Following the completion of the sale, the chief executive officer now directly owns 2,984,586 shares of the company’s stock, valued at $42,172,200.18. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 3,820,990 shares of company stock worth $46,106,677. 19.45% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Levin Capital Strategies L.P. purchased a new stake in shares of Sunrun during the 2nd quarter valued at $131,000. Mount Yale Investment Advisors LLC purchased a new stake in shares of Sunrun during the 1st quarter valued at $139,000. Xact Kapitalforvaltning AB purchased a new stake in shares of Sunrun during the 2nd quarter valued at $204,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Sunrun by 36.1% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,366 shares of the energy company’s stock valued at $209,000 after purchasing an additional 6,200 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of Sunrun by 47.6% during the 1st quarter. Victory Capital Management Inc. now owns 25,648 shares of the energy company’s stock valued at $229,000 after purchasing an additional 8,266 shares during the last quarter. 77.34% of the stock is owned by institutional investors and hedge funds.

About Sunrun

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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