Analysts Set Sunrun Inc. (NASDAQ:RUN) Price Target at $18.36

Shares of Sunrun Inc. (NASDAQ:RUN) have earned an average rating of “Moderate Buy” from the twenty-two analysts that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $18.36.

A number of equities research analysts have weighed in on the company. Truist Financial restated a “hold” rating and set a $12.00 price target (down previously from $18.00) on shares of Sunrun in a research report on Tuesday, November 12th. Jefferies Financial Group dropped their target price on Sunrun from $19.00 to $17.00 and set a “buy” rating for the company in a research report on Tuesday, January 28th. TD Cowen initiated coverage on Sunrun in a research note on Thursday, December 19th. They issued a “buy” rating and a $21.00 target price for the company. JPMorgan Chase & Co. decreased their price target on shares of Sunrun from $22.00 to $18.00 and set an “overweight” rating on the stock in a research note on Thursday, January 23rd. Finally, UBS Group raised shares of Sunrun from a “neutral” rating to a “buy” rating and upped their price objective for the company from $14.00 to $17.00 in a research note on Friday, January 10th.

Insider Activity at Sunrun

In other news, CEO Mary Powell sold 4,350 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $11.18, for a total transaction of $48,633.00. Following the sale, the chief executive officer now owns 560,321 shares in the company, valued at approximately $6,264,388.78. The trade was a 0.77 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CRO Paul S. Dickson sold 2,968 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $11.18, for a total transaction of $33,182.24. Following the completion of the transaction, the executive now owns 418,492 shares of the company’s stock, valued at approximately $4,678,740.56. The trade was a 0.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 164,830 shares of company stock worth $1,614,147 over the last quarter. Corporate insiders own 3.77% of the company’s stock.

Hedge Funds Weigh In On Sunrun

A number of hedge funds have recently bought and sold shares of RUN. State Street Corp increased its holdings in shares of Sunrun by 0.6% in the 3rd quarter. State Street Corp now owns 9,159,711 shares of the energy company’s stock worth $165,424,000 after purchasing an additional 54,329 shares in the last quarter. Geode Capital Management LLC increased its holdings in Sunrun by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 5,315,667 shares of the energy company’s stock worth $96,019,000 after buying an additional 30,549 shares in the last quarter. Erste Asset Management GmbH purchased a new position in Sunrun in the 3rd quarter worth about $76,152,000. FMR LLC lifted its stake in Sunrun by 83.6% during the 3rd quarter. FMR LLC now owns 3,430,327 shares of the energy company’s stock valued at $61,952,000 after acquiring an additional 1,562,163 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in shares of Sunrun by 113.5% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,515,302 shares of the energy company’s stock worth $45,426,000 after acquiring an additional 1,337,302 shares during the period. Institutional investors own 91.69% of the company’s stock.

Sunrun Trading Down 2.0 %

Shares of RUN opened at $8.72 on Monday. Sunrun has a 1-year low of $8.22 and a 1-year high of $22.26. The company has a market capitalization of $1.96 billion, a P/E ratio of -4.79 and a beta of 2.59. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.47 and a quick ratio of 1.15. The firm’s 50 day simple moving average is $10.00 and its 200 day simple moving average is $14.15.

Sunrun (NASDAQ:RUN) last posted its quarterly earnings data on Thursday, November 7th. The energy company reported ($0.37) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.21). Sunrun had a negative net margin of 18.80% and a negative return on equity of 5.15%. The company had revenue of $537.17 million for the quarter, compared to analysts’ expectations of $560.60 million. During the same quarter last year, the business posted $0.40 EPS. Sell-side analysts forecast that Sunrun will post -0.43 earnings per share for the current fiscal year.

About Sunrun

Sunrun Inc designs, develops, installs, sells, owns, and maintains residential solar energy systems in the United States. It also sells solar energy systems and products, such as panels and racking; and solar leads generated to customers. In addition, the company offers battery storage along with solar energy systems; and sells services to commercial developers through multi-family and new homes.