Sunrun Inc. (NASDAQ:RUN) has earned an average recommendation of “Buy” from the eleven research firms that are presently covering the company. One investment analyst has rated the stock with a hold recommendation, nine have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $11.77.
Several brokerages have issued reports on RUN. Deutsche Bank AG reiterated a “buy” rating and issued a $15.00 price target on shares of Sunrun in a research note on Monday, August 15th. Oppenheimer Holdings Inc. restated an “outperform” rating and set a $9.00 price objective (up from $8.00) on shares of Sunrun in a research note on Monday, August 15th. Barclays PLC restated an “equal weight” rating and set a $7.00 price objective on shares of Sunrun in a research note on Tuesday, June 21st. Goldman Sachs Group Inc. upgraded shares of Sunrun from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $7.00 to $12.00 in a research note on Thursday, October 6th. Finally, JMP Securities initiated coverage on shares of Sunrun in a research note on Thursday, September 8th. They set an “outperform” rating and a $8.50 price objective on the stock.
Sunrun (NASDAQ:RUN) opened at 6.91 on Thursday. Sunrun has a 52 week low of $4.86 and a 52 week high of $14.95. The company has a market cap of $712.23 million, a PE ratio of 209.39 and a beta of -1.21. The firm’s 50-day moving average is $6.00 and its 200-day moving average is $6.13.
Sunrun (NASDAQ:RUN) last issued its quarterly earnings results on Thursday, August 11th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.40) by $0.71. Sunrun had a net margin of 6.94% and a return on equity of 3.30%. The firm had revenue of $122.50 million for the quarter, compared to analyst estimates of $111.15 million. During the same period in the previous year, the business earned $0.29 EPS. The company’s revenue was up 68.6% compared to the same quarter last year. On average, analysts expect that Sunrun will post ($0.12) EPS for the current fiscal year.
In other Sunrun news, major shareholder Foundation Capital Vi Principa sold 42,306 shares of the business’s stock in a transaction dated Tuesday, September 13th. The shares were sold at an average price of $5.82, for a total value of $246,220.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder William B. Elmore sold 27,384 shares of the business’s stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $6.06, for a total transaction of $165,947.04. The disclosure for this sale can be found here. 42.19% of the stock is currently owned by corporate insiders.
Hedge funds have recently bought and sold shares of the stock. BlackRock Institutional Trust Company N.A. increased its stake in Sunrun by 0.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 173,809 shares of the company’s stock worth $1,126,000 after buying an additional 513 shares in the last quarter. Chesapeake Asset Management LLC increased its stake in Sunrun by 6.1% in the second quarter. Chesapeake Asset Management LLC now owns 34,772 shares of the company’s stock worth $206,000 after buying an additional 2,008 shares in the last quarter. Geode Capital Management LLC increased its stake in Sunrun by 2.7% in the first quarter. Geode Capital Management LLC now owns 151,973 shares of the company’s stock worth $984,000 after buying an additional 4,032 shares in the last quarter. Firsthand Capital Management Inc. increased its stake in Sunrun by 0.7% in the second quarter. Firsthand Capital Management Inc. now owns 679,820 shares of the company’s stock worth $4,031,000 after buying an additional 5,000 shares in the last quarter. Finally, State Street Corp increased its stake in Sunrun by 6.6% in the first quarter. State Street Corp now owns 240,443 shares of the company’s stock worth $1,558,000 after buying an additional 14,904 shares in the last quarter. 67.06% of the stock is owned by hedge funds and other institutional investors.
Sunrun Company Profile
Sunrun Inc (Sunrun) is engaged in the design, development, installation, sale, ownership and maintenance of residential solar energy systems (Projects) in the United States. The Company is engaged in providing solar energy services and products to its customers. Sunrun has over 111,000 customers across 15 states, as well as the District of Columbia.
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