Sunrun (NASDAQ:RUN) Cut to Neutral at Guggenheim

Guggenheim cut shares of Sunrun (NASDAQ:RUN - Free Report) from a buy rating to a neutral rating in a research note issued to investors on Thursday, Marketbeat reports.

Other equities analysts also recently issued research reports about the stock. UBS Group increased their price objective on shares of Sunrun from $14.00 to $18.00 and gave the company a "neutral" rating in a research note on Wednesday, August 7th. Barclays dropped their price target on Sunrun from $19.00 to $18.00 and set an "equal weight" rating for the company in a research note on Wednesday, October 16th. BMO Capital Markets boosted their price objective on Sunrun from $17.00 to $20.00 and gave the stock a "market perform" rating in a research report on Wednesday, August 7th. Oppenheimer increased their target price on Sunrun from $19.00 to $22.00 and gave the company an "outperform" rating in a research report on Wednesday, August 7th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Sunrun from $12.00 to $16.50 and gave the stock a "hold" rating in a report on Thursday, August 8th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Sunrun currently has a consensus rating of "Hold" and an average price target of $21.77.

Sunrun Price Performance

RUN stock traded down $0.30 during mid-day trading on Thursday, hitting $11.60. The stock had a trading volume of 18,833,107 shares, compared to its average volume of 11,924,416. The firm has a fifty day simple moving average of $16.97 and a 200 day simple moving average of $15.42. The firm has a market capitalization of $2.59 billion, a P/E ratio of -1.84 and a beta of 2.61. The company has a current ratio of 1.66, a quick ratio of 1.31 and a debt-to-equity ratio of 1.84. Sunrun has a 52 week low of $8.82 and a 52 week high of $22.26.

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

Insider Buying and Selling

In other news, Director Lynn Michelle Jurich sold 50,000 shares of the business'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 transaction, the director now directly owns 1,142,446 shares of the company's stock, valued at $16,679,711.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Lynn Michelle Jurich sold 50,000 shares of the stock in a transaction on Friday, October 18th. The shares were sold at an average price of $14.60, for a total transaction of $730,000.00. Following the transaction, the director now directly owns 1,142,446 shares of the company's stock, valued at $16,679,711.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeanna Steele sold 2,357 shares of the company's stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $18.23, for a total transaction of $42,968.11. Following the transaction, the insider now owns 308,260 shares in the company, valued at $5,619,579.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 155,840 shares of company stock valued at $2,755,487 over the last quarter. Insiders own 3.77% of the company's stock.

Hedge Funds Weigh In On Sunrun

A number of institutional investors have recently modified their holdings of RUN. International Assets Investment Management LLC lifted its position in Sunrun by 1,706.3% in the 3rd quarter. International Assets Investment Management LLC now owns 1,734 shares of the energy company's stock valued at $31,000 after acquiring an additional 1,638 shares in the last quarter. Blue Trust Inc. raised 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 worth $33,000 after purchasing an additional 1,465 shares during the last quarter. Duncker Streett & Co. Inc. bought a new position in shares of Sunrun in the second quarter valued at approximately $36,000. CWM LLC boosted its position in shares of Sunrun by 883.9% during the second quarter. CWM LLC now owns 3,355 shares of the energy company's stock valued at $40,000 after buying an additional 3,014 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in Sunrun during the second quarter worth $45,000. 91.69% of the stock is owned by institutional investors and hedge funds.

About Sunrun

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.