Shares of Sunrun Inc. (NASDAQ:RUN – Get Rating) have earned an average recommendation of “Buy” from the nineteen brokerages that currently cover the company, MarketBeat reports. One investment analyst rated the stock with a hold recommendation and fourteen gave the company a buy recommendation. The 12-month average price target among brokers who have rated the stock over the past year is $62.87.
Several stock analysts have recently released reports on the company. TheStreet upgraded Sunrun from a “c-” to a “d+” rating in a Monday, December 20 report. Susquehanna Bancshares reissued a “buy” rating and published a target price of $44.00 on Sunrun shares in a research note on Saturday, February 19. Needham & Company LLC reduced its target price on Sunrun from $70.00 to $41.00 in a Thursday, February 3 research note. Susquehanna reissued a “buy” rating and posted a price target of $44.00 on Sunrun shares in a research note on Friday, February 18. Finally, Piper Sandler cut her price target on Sunrun from $57.00 to $41.00 and set an “overweight” rating on the stock in a Monday, March 14 research note.
In a similar vein, Chief Financial Officer Thomas Arthur Vonreichbauer sold 4,271 shares of Sunrun in a trade that took place on Friday, February 4. The stock was sold at an average price of $24.42, for a total value of $104,297.82. The sale was disclosed in a document filed with the SEC, which is available at this link. Additionally, insider Edward Harris Fenster sold 21,753 shares of the company in a trade that took place on Tuesday, March 22. The shares were sold at an average price of $31.10, for a total value of $676,518.30. The disclosure of this sale can be found here. In the past three months, insiders have sold 41,930 shares of the company worth $1,213,056. 4.40% of the shares are held by insiders.
A number of hedge funds have recently bought and sold shares of the company. BlackRock Inc. increased its stake in Sunrun by 14.8% in the fourth quarter. BlackRock Inc. now owns 29,631,513 shares of the energy company valued at $1,016,363,000 after buying an additional 3,814,952 shares last quarter. Viking Global Investors LP increased its stake in Sunrun to 97.1% in the third quarter. Viking Global Investors LP now owns 8,800,183 shares of the energy company valued at $387,208,000 after buying an additional 4,336,069 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding SA increased its stake in Sunrun by 10.1% in the fourth quarter. BNP PARIBAS ASSET MANAGEMENT Holding SA now owns 8,432,752 shares of the energy company valued at $289,243,000 after buying an additional 772,818 shares last quarter. BNP Paribas Asset Management Holding SA increased its stake in Sunrun shares by 55.8% in the third quarter. BNP Paribas Asset Management Holding SA now owns 7,659,934 shares in the energy company worth $337,037,000 after acquiring an additional 2,742,575 shares during the period. Finally, State Street Corp increased its stake in Sunrun shares by 3.8% during the 4th quarter. State Street Corp now owns 6,644,379 shares of the energy company worth $227,902,000 after acquiring an additional 244,354 shares during the period. Hedge funds and other institutional investors own 98.02% of the company’s shares.
Sunrun stock opened at $24.86 on Friday. The company’s 50-day simple moving average is $27.54 and its 200-day simple moving average is $36.62. Sunrun has a 12-month low of $18.61 and a 12-month high of $60.60. The company has a current ratio of 1.53, a quick ratio of 1.03 and a debt ratio of 0.95.
Sunrun (NASDAQ:RUN – Get Rating) last released its quarterly results on Thursday, February 17. The energy company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 per ($0.21). The company posted revenue of $435.23 million in the quarter, versus a consensus estimate of $392.03 million. Sunrun had a negative net margin of 4.93% and a negative return on equity of 0.70%. In the same quarter of the previous year, the company achieved EPS of ($0.06). Equity research analysts expect Sunrun to post -0.42 EPS for the current fiscal year.
About Sunrun (Get an evaluation)
Sunrun Inc is engaged in the design, development, installation, sale, ownership and maintenance of residential solar power systems in the United States. It also sells solar energy systems and products, such as panels and racks; and solar leads generated for customers. Additionally, the company offers storage batteries as well as solar power systems.
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