Sunrun (RUN) Shares Down 1.5%

Sunrun (NASDAQ:RUN) was down 1.5% during mid-day trading on Monday . The company traded as low as $10.47 and last traded at $11.00. Approximately 129,923 shares traded hands during trading, a decline of 94% from the average daily volume of 2,197,723 shares. The stock had previously closed at $10.84.

A number of equities research analysts have issued reports on RUN shares. Zacks Investment Research cut shares of Sunrun from a “hold” rating to a “sell” rating in a report on Wednesday, April 18th. Goldman Sachs boosted their target price on shares of Sunrun from $10.00 to $12.00 and gave the company a “buy” rating in a report on Friday, April 6th. Bank of America cut shares of Sunrun from a “buy” rating to an “underperform” rating in a report on Friday, April 6th. BidaskClub raised shares of Sunrun from a “sell” rating to a “hold” rating in a report on Saturday, February 17th. Finally, Roth Capital initiated coverage on shares of Sunrun in a report on Thursday, March 1st. They issued a “buy” rating and a $10.00 price target on the stock. Two research analysts have rated the stock with a sell rating, eight have issued a buy rating and two have issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $9.98.

The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 12.65, a price-to-earnings-growth ratio of 0.64 and a beta of -1.02. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.24 and a current ratio of 1.53.



Sunrun (NASDAQ:RUN) last released its quarterly earnings results on Tuesday, March 6th. The energy company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.12). The firm had revenue of $146.44 million during the quarter, compared to the consensus estimate of $133.62 million. Sunrun had a return on equity of 9.34% and a net margin of 24.53%. equities analysts predict that Sunrun will post 1.21 earnings per share for the current fiscal year.

In other news, CEO Lynn Michelle Jurich sold 36,522 shares of the company’s stock in a transaction on Monday, April 16th. The shares were sold at an average price of $8.50, for a total value of $310,437.00. Following the transaction, the chief executive officer now owns 2,912,115 shares of the company’s stock, valued at $24,752,977.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 19.45% of the company’s stock.

A number of large investors have recently made changes to their positions in the stock. BlackRock Inc. grew its position in Sunrun by 0.3% in the first quarter. BlackRock Inc. now owns 6,034,105 shares of the energy company’s stock worth $53,884,000 after acquiring an additional 15,517 shares in the last quarter. Guggenheim Capital LLC grew its position in Sunrun by 31.2% in the fourth quarter. Guggenheim Capital LLC now owns 2,660,844 shares of the energy company’s stock worth $15,700,000 after acquiring an additional 632,070 shares in the last quarter. Millennium Management LLC grew its position in Sunrun by 35.9% in the fourth quarter. Millennium Management LLC now owns 2,008,395 shares of the energy company’s stock worth $11,850,000 after acquiring an additional 531,030 shares in the last quarter. Handelsbanken Fonder AB grew its position in Sunrun by 103.7% in the fourth quarter. Handelsbanken Fonder AB now owns 1,364,180 shares of the energy company’s stock worth $8,049,000 after acquiring an additional 694,402 shares in the last quarter. Finally, Arosa Capital Management LP grew its position in Sunrun by 13.9% in the fourth quarter. Arosa Capital Management LP now owns 1,138,958 shares of the energy company’s stock worth $6,720,000 after acquiring an additional 138,958 shares in the last quarter. Institutional investors own 75.05% of the company’s stock.

Sunrun Company Profile

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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