BidaskClub lowered shares of Sunrun Inc. (NASDAQ:RUN) from a hold rating to a sell rating in a report published on Tuesday morning.
A number of other research firms also recently weighed in on RUN. Goldman Sachs Group, Inc. (The) set a $10.00 price target on shares of Sunrun and gave the company a buy rating in a research note on Tuesday, June 20th. ValuEngine upgraded shares of Sunrun from a buy rating to a strong-buy rating in a research note on Thursday, July 6th. Zacks Investment Research upgraded shares of Sunrun from a hold rating to a buy rating and set a $7.75 price target on the stock in a research note on Wednesday, July 12th. Barclays PLC raised their price target on shares of Sunrun from $6.00 to $8.00 and gave the company an overweight rating in a research note on Tuesday, August 8th. Finally, Bank of America Corporation restated a neutral rating and issued a $8.00 price target (up from $7.75) on shares of Sunrun in a research note on Thursday, August 10th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of $9.33.
Sunrun (RUN) opened at 5.45 on Tuesday. The firm has a 50-day moving average of $5.96 and a 200-day moving average of $5.96. Sunrun has a 52-week low of $4.15 and a 52-week high of $7.23. The firm has a market capitalization of $578.58 million, a price-to-earnings ratio of 7.00 and a beta of -0.71.
Sunrun (NASDAQ:RUN) last released its earnings results on Monday, August 7th. The energy company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.20 by $0.03. Sunrun had a net margin of 17.65% and a return on equity of 8.76%. The firm had revenue of $137.85 million for the quarter, compared to analyst estimates of $143.35 million. During the same period last year, the firm earned $0.31 EPS. The business’s quarterly revenue was up 12.5% compared to the same quarter last year. On average, equities research analysts forecast that Sunrun will post $1.01 EPS for the current fiscal year.
In related news, insider Steven Vassallo sold 33,576 shares of Sunrun stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $7.16, for a total transaction of $240,404.16. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Edward Harris Fenster sold 115,094 shares of Sunrun stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $6.82, for a total transaction of $784,941.08. Following the sale, the chairman now owns 2,371,439 shares in the company, valued at $16,173,213.98. The disclosure for this sale can be found here. 24.13% of the stock is owned by company insiders.
Large investors have recently bought and sold shares of the stock. Schwab Charles Investment Management Inc. boosted its position in Sunrun by 6.2% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 228,538 shares of the energy company’s stock worth $1,235,000 after buying an additional 13,338 shares during the period. FMR LLC boosted its position in Sunrun by 1.8% during the 1st quarter. FMR LLC now owns 15,691,308 shares of the energy company’s stock worth $84,733,000 after buying an additional 270,000 shares during the period. Credit Agricole S A acquired a new stake in Sunrun during the 1st quarter worth approximately $787,000. CAPROCK Group Inc. acquired a new stake in Sunrun during the 2nd quarter worth approximately $262,000. Finally, Handelsbanken Fonder AB boosted its position in Sunrun by 4.4% during the 2nd quarter. Handelsbanken Fonder AB now owns 669,778 shares of the energy company’s stock worth $4,769,000 after buying an additional 28,303 shares during the period. Institutional investors and hedge funds own 73.95% of the company’s stock.
Sunrun Inc 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. As of December 31, 2016, it operated a fleet of residential solar energy systems in the United States, with approximately 134,000 customers across 16 states, as well as the District of Columbia.
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