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Sunrun Inc. (NASDAQ:RUN) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Sunrun logo with Oils/Energy background

Shares of Sunrun Inc. (NASDAQ:RUN - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the twenty-two ratings firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and fourteen have issued a buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $18.36.

Several equities research analysts have weighed in on the company. StockNews.com upgraded Sunrun to a "sell" rating in a report on Friday, December 20th. Oppenheimer cut their price target on shares of Sunrun from $22.00 to $20.00 and set an "outperform" rating on the stock in a report on Friday, November 8th. BMO Capital Markets decreased their price objective on shares of Sunrun from $20.00 to $11.00 and set a "market perform" rating for the company in a report on Monday, November 11th. TD Cowen began coverage on shares of Sunrun in a research note on Thursday, December 19th. They set a "buy" rating and a $21.00 target price on the stock. Finally, Guggenheim cut shares of Sunrun from a "buy" rating to a "neutral" rating in a research report on Thursday, November 7th.

Get Our Latest Research Report on RUN

Sunrun Trading Down 0.9 %

NASDAQ:RUN traded down $0.08 during midday trading on Monday, reaching $8.64. 11,514,239 shares of the stock traded hands, compared to its average volume of 10,599,752. The stock has a market capitalization of $1.94 billion, a P/E ratio of -4.75 and a beta of 2.59. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.15 and a current ratio of 1.47. The company has a fifty day moving average of $9.94 and a 200 day moving average of $14.11. Sunrun has a 12 month low of $8.22 and a 12 month high of $22.26.

Sunrun (NASDAQ:RUN - Get Free Report) last posted its earnings results on Thursday, November 7th. The energy company reported ($0.37) earnings per share for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.21). Sunrun had a negative return on equity of 5.15% and a negative net margin of 18.80%. The firm had revenue of $537.17 million for the quarter, compared to analysts' expectations of $560.60 million. During the same quarter in the prior year, the company posted $0.40 earnings per share. On average, research analysts predict that Sunrun will post -0.43 EPS for the current year.

Insider Activity at Sunrun

In other news, CFO Danny Abajian sold 3,734 shares of Sunrun stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $11.18, for a total value of $41,746.12. Following the completion of the sale, the chief financial officer now directly owns 257,969 shares in the company, valued at $2,884,093.42. The trade was a 1.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CRO Paul S. Dickson sold 2,968 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $11.18, for a total transaction of $33,182.24. Following the transaction, the executive now owns 418,492 shares in the company, valued at approximately $4,678,740.56. This trade represents a 0.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 164,830 shares of company stock valued at $1,614,147 over the last 90 days. Corporate insiders own 3.77% of the company's stock.

Institutional Trading of Sunrun

A number of hedge funds have recently bought and sold shares of the company. State Street Corp grew its stake in shares of Sunrun by 0.6% during the 3rd quarter. State Street Corp now owns 9,159,711 shares of the energy company's stock valued at $165,424,000 after purchasing an additional 54,329 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Sunrun by 0.6% in the third 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 during the last quarter. Erste Asset Management GmbH bought a new stake in Sunrun during the third quarter valued at approximately $76,152,000. FMR LLC increased its holdings in Sunrun by 83.6% during the third quarter. FMR LLC now owns 3,430,327 shares of the energy company's stock valued at $61,952,000 after buying an additional 1,562,163 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in 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. Hedge funds and other institutional investors own 91.69% of the company's stock.

About Sunrun

(Get Free Report

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.

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Analyst Recommendations for Sunrun (NASDAQ:RUN)

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