Sunrun Inc. (NASDAQ:RUN) Given the consensus recommendation of “moderate buy” by the brokerage

Shares of Sunrun Inc. (NASDAQ:RUN – Get Your Free Report ) has received a consensus recommendation of “Moderate Buy” from the twenty-one analysts that are presently covering the company, MarketBeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $22.33.

Several equities analysts have weighed in on RUN shares. 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. Oppenheimer lifted their price objective on shares of Sunrun from $19.00 to $22.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. UBS Group upped their target price 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 raised their target price on shares of Sunrun from $16.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 23rd. Finally, Truist Financial restated a “hold” rating and issued a $18.00 price objective (up previously from $12.00) on shares of Sunrun in a research report on Wednesday. August 7.

Check out our latest research report on Sunrun

Sunrun stock down 2.4%

Shares of NASDAQ:RUN opened at $18.06 on Tuesday. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.66, and a quick ratio of 1.31. The stock has a market cap of $4.00 billion, a price-to-earnings ratio of -2.71 and a beta of 2.59. The company has a 50-day moving average of $18.75 and a 200-day moving average of $14.75. Sunrun has a one year low of $8.43 and a one year high of $22.26.

Sunrun (NASDAQ:RUN – Get Your Free Report ) last posted its earnings results on Tuesday, August 6th. The energy company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.88. The firm had revenue of $523.87 million during the quarter, compared to analyst estimates 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 quarterly revenue was down 11.2% compared to the same quarter last year. In the same quarter last year, the business earned $0.25 EPS. On average, sell-side analysts forecast that Sunrun will post -0.16 earnings per share for the current year.

Insider buying and selling at Sunrun

In related news, Director Lynn Michelle Jurich sold 50,000 shares of the stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $20.20, for a total transaction of $1,010,000.00. Following the completion of the transaction, the director now owns 1,192,446 shares in the company, valued at $24,087,409.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC’s website. In related news, Director Lynn Michelle Jurich sold 50,000 shares of Sunrun stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $20.20, for a total value of $1,010,000.00. Following the sale, the director now owns 1,192,446 shares of the company’s stock, valued at $24,087,409.20. The transaction was disclosed in a filing with the SEC, which is available via this hyperlink. Also, insider Jeanna Steele sold 2,513 shares of the stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $12.61, for a total value of $31,688.93. Following the transaction, the insider now directly owns 312,774 shares of the company’s stock, valued at $3,944,080.14. The disclosure for this sale can be found here. In the last quarter, insiders sold 178,675 shares of company stock worth $3,253,289. Corporate insiders own 3.76% of the company’s shares.

Sunrun Institutional Trading

Several institutional investors and hedge funds have recently added to or reduced their stakes in RUN. Sylebra Capital LLC purchased a new position in shares of Sunrun in the second quarter valued at approximately $35,387,000. Vanguard Group Inc. raised its position in Sunrun by 14.0% in the first quarter. Vanguard Group Inc. now owns 22,325,106 shares of the energy company’s stock worth $294,245,000 after purchasing an additional 2,743,148 shares in the last quarter. Greenvale Capital LLP boosted its stake in Sunrun by 20.5% in the second quarter. Greenvale Capital LLP now owns 11,750,000 shares of the energy company’s stock valued at $139,355,000 after buying an additional 2,000,000 shares during the period. Norges Bank acquired a new stake in shares of Sunrun in the fourth quarter valued at approximately $23,186,000. Finally, Masters Capital Management LLC bought a new position in shares of Sunrun during the fourth quarter valued at about $19,630,000. 91.69% of shares are held by institutional investors.

Sunrun Company Profile

(Get a 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 racks; and solar leads generated to customers. In addition, the company offers battery storage along with solar power systems; and sells services to commercial developers through multifamily and new homes.

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