Sunrun (NASDAQ:RUN) Trading Up 7.4% - What's Next?

Shares of Sunrun Inc. (NASDAQ:RUN - Get Free Report) traded up 7.4% on Monday . The company traded as high as $15.85 and last traded at $15.85. 1,471,381 shares were traded during trading, a decline of 87% from the average session volume of 11,720,341 shares. The stock had previously closed at $14.76.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Jefferies Financial Group decreased their target price on Sunrun from $31.00 to $29.00 and set a "buy" rating on the stock in a report on Thursday, October 10th. JPMorgan Chase & Co. boosted their price target on Sunrun from $19.00 to $22.00 and gave the company an "overweight" rating in a research note on Wednesday, August 7th. The Goldman Sachs Group restated a "buy" rating and issued a $20.00 price target on shares of Sunrun in a research note on Wednesday, September 25th. Deutsche Bank Aktiengesellschaft boosted their price target on Sunrun from $12.00 to $16.50 and gave the company a "hold" rating in a research note on Thursday, August 8th. Finally, Susquehanna reduced their price target on Sunrun from $24.00 to $23.00 and set a "positive" rating for the company in a research note on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $22.70.

Sunrun Trading Up 8.9 %

The company has a current ratio of 1.66, a quick ratio of 1.31 and a debt-to-equity ratio of 1.84. The firm has a market capitalization of $3.59 billion, a P/E ratio of -2.54 and a beta of 2.61. The firm has a 50-day moving average of $17.33 and a two-hundred day moving average of $15.36.

Sunrun (NASDAQ:RUN - Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The energy company reported $0.55 earnings per share for the quarter, topping the consensus estimate of ($0.33) by $0.88. Sunrun had a negative return on equity of 2.41% and a negative net margin of 66.36%. The business had revenue of $523.87 million during the quarter, compared to the consensus estimate of $516.76 million. During the same period in the prior year, the company earned $0.25 EPS. Sunrun's revenue for the quarter was down 11.2% on a year-over-year basis. On average, analysts anticipate that Sunrun Inc. will post -0.17 EPS for the current year.

Insiders Place Their Bets

In other Sunrun news, Director Lynn Michelle Jurich sold 50,000 shares of the company's stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $14.60, for a total value of $730,000.00. Following the completion of the transaction, the director now owns 1,142,446 shares of the company's stock, valued at $16,679,711.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Sunrun news, Director Lynn Michelle Jurich sold 50,000 shares of the company's stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $14.60, for a total value of $730,000.00. Following the completion of the transaction, the director now owns 1,142,446 shares of the company's stock, valued at $16,679,711.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Danny Abajian sold 4,869 shares of the company's stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $16.35, for a total value of $79,608.15. Following the completion of the transaction, the chief financial officer now directly owns 269,393 shares of the company's stock, valued at approximately $4,404,575.55. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 180,001 shares of company stock valued at $3,220,345 in the last 90 days. Corporate insiders own 3.77% of the company's stock.

Institutional Investors Weigh In On Sunrun

Institutional investors and hedge funds have recently made changes to their positions in the stock. International Assets Investment Management LLC increased its stake in shares of Sunrun by 1,706.3% in the third quarter. International Assets Investment Management LLC now owns 1,734 shares of the energy company's stock valued at $31,000 after buying an additional 1,638 shares during the period. Blue Trust Inc. increased its stake in shares of Sunrun by 385.5% in the third quarter. Blue Trust Inc. now owns 1,845 shares of the energy company's stock valued at $33,000 after buying an additional 1,465 shares during the period. BNP Paribas bought a new stake in shares of Sunrun during the 1st quarter valued at about $37,000. Duncker Streett & Co. Inc. bought a new stake in shares of Sunrun during the 2nd quarter valued at about $36,000. Finally, CWM LLC boosted its position in shares of Sunrun by 883.9% during the 2nd quarter. CWM LLC now owns 3,355 shares of the energy company's stock valued at $40,000 after purchasing an additional 3,014 shares in the last quarter. Institutional investors and hedge funds own 91.69% of the company's stock.

Sunrun Company Profile

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.