Sunrun (NASDAQ:RUN) Shares Up 5.6% - What's Next?

Sunrun Inc. (NASDAQ:RUN - Get Free Report)'s share price shot up 5.6% during mid-day trading on Thursday . The company traded as high as $8.78 and last traded at $8.93. 4,728,571 shares traded hands during mid-day trading, a decline of 54% from the average session volume of 10,179,759 shares. The stock had previously closed at $8.46.

Analyst Upgrades and Downgrades

RUN has been the subject of a number of analyst reports. Guggenheim cut shares of Sunrun from a "buy" rating to a "neutral" rating in a research report on Thursday, November 7th. Piper Sandler lowered Sunrun from an "overweight" rating to a "neutral" rating and decreased their price objective for the company from $23.00 to $11.00 in a report on Friday, November 22nd. StockNews.com upgraded Sunrun to a "sell" rating in a research note on Friday, December 20th. Jefferies Financial Group lowered their price target on Sunrun from $31.00 to $29.00 and set a "buy" rating for the company in a report on Thursday, October 10th. Finally, Roth Mkm cut their price objective on shares of Sunrun from $35.00 to $30.00 and set a "buy" rating on the stock in a report on Friday, November 8th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, Sunrun presently has a consensus rating of "Moderate Buy" and an average target price of $19.11.

Sunrun Stock Performance

The company has a current ratio of 1.47, a quick ratio of 1.15 and a debt-to-equity ratio of 1.92. The firm's fifty day moving average price is $10.25 and its two-hundred day moving average price is $14.60. The stock has a market capitalization of $2.10 billion, a PE ratio of -5.13 and a beta of 2.58.

Sunrun (NASDAQ:RUN - Get Free Report) last released its quarterly earnings data 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 net margin of 18.80% and a negative return on equity of 5.15%. The firm had revenue of $537.17 million during the quarter, compared to analysts' expectations of $560.60 million. During the same period in the previous year, the firm posted $0.40 EPS. As a group, equities research analysts forecast that Sunrun Inc. will post -0.41 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Danny Abajian sold 3,734 shares of Sunrun stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $11.18, for a total value of $41,746.12. Following the sale, the chief financial officer now directly owns 257,969 shares in the company, valued at approximately $2,884,093.42. The trade was a 1.43 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Lynn Michelle Jurich sold 50,000 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $9.94, for a total value of $497,000.00. Following the transaction, the director now directly owns 1,092,446 shares of the company's stock, valued at $10,858,913.24. The trade was a 4.38 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 164,830 shares of company stock worth $1,614,147. 3.77% of the stock is owned by corporate insiders.

Institutional Trading of Sunrun

Several large investors have recently made changes to their positions in RUN. International Assets Investment Management LLC lifted its position in Sunrun by 1,706.3% during the third quarter. International Assets Investment Management LLC now owns 1,734 shares of the energy company's stock worth $31,000 after buying an additional 1,638 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Sunrun by 385.5% during the 3rd quarter. Blue Trust Inc. now owns 1,845 shares of the energy company's stock worth $33,000 after acquiring an additional 1,465 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of Sunrun during the 3rd quarter worth $44,000. Union Bancaire Privee UBP SA purchased a new stake in shares of Sunrun in the fourth quarter valued at about $56,000. Finally, Waldron Private Wealth LLC purchased a new stake in shares of Sunrun in the third quarter valued at about $135,000. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

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.

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