Sunrun (NASDAQ:RUN) Rating Increased to Sell at StockNews.com

StockNews.com upgraded shares of Sunrun (NASDAQ:RUN) to a sell rating in a report issued on Friday.

RUN has been the subject of several other reports. Barclays upped 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. JPMorgan Chase & Co. upped their price objective on shares of Sunrun from $19.00 to $22.00 and gave the company an overweight rating in a research note on Wednesday, August 7th. Evercore ISI decreased their price target on shares of Sunrun from $42.00 to $38.00 and set an outperform rating for the company in a research note on Wednesday, August 7th. UBS Group upped their price objective on shares of Sunrun from $14.00 to $18.00 and gave the stock a neutral rating in a report on Wednesday, August 7th. Finally, Piper Sandler upped their price objective on shares of Sunrun from $20.00 to $23.00 and gave the stock an overweight rating in a report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus price target of $22.33.

Sunrun Trading Down 2.4 %

Shares of RUN stock opened at $18.06 on Friday. The company’s fifty day simple moving average is $18.75 and its two-hundred day simple moving average is $14.75. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.66 and a quick ratio of 1.31. Sunrun has a 1 year low of $8.43 and a 1 year high of $22.26. The stock has a market capitalization of $4.00 billion, a price-to-earnings ratio of -2.71 and a beta of 2.59.

Sunrun (NASDAQ:RUN) last released its quarterly earnings results on Tuesday, August 6th. The energy company reported $0.55 EPS for the quarter, beating 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 business’s revenue for the quarter was down 11.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.25 EPS. As a group, analysts anticipate that Sunrun will post -0.16 earnings per share for the current year.

Insider Activity

In other news, Director Lynn Michelle Jurich sold 1,937 shares of Sunrun stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $18.23, for a total value of $35,311.51. Following the sale, the director now directly owns 1,242,446 shares of the company’s stock, valued at $22,649,790.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Lynn Michelle Jurich sold 1,937 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $18.23, for a total value of $35,311.51. Following the sale, the director now directly owns 1,242,446 shares in the company, valued at $22,649,790.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jeanna Steele sold 2,513 shares of the business’s stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $12.61, for a total value of $31,688.93. Following the sale, the insider now directly owns 312,774 shares in the company, valued at $3,944,080.14. The disclosure for this sale can be found here. Insiders have sold 178,675 shares of company stock worth $3,253,289 in the last three months. Company insiders own 3.76% of the company’s stock.

Institutional Trading of Sunrun

A number of large investors have recently modified their holdings of RUN. Vanguard Group Inc. lifted its holdings in Sunrun by 14.0% during the first quarter. Vanguard Group Inc. now owns 22,325,106 shares of the energy company’s stock worth $294,245,000 after buying an additional 2,743,148 shares during the period. Greenvale Capital LLP increased its position in shares of Sunrun by 20.5% in the 2nd quarter. Greenvale Capital LLP now owns 11,750,000 shares of the energy company’s stock valued at $139,355,000 after acquiring an additional 2,000,000 shares during the period. Robeco Schweiz AG increased its position in shares of Sunrun by 23.5% in the 1st quarter. Robeco Schweiz AG now owns 4,611,300 shares of the energy company’s stock valued at $60,777,000 after acquiring an additional 876,000 shares during the period. Dimensional Fund Advisors LP grew its position in Sunrun by 20.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,385,218 shares of the energy company’s stock worth $52,025,000 after purchasing an additional 729,633 shares during the period. Finally, Sylebra Capital LLC acquired a new stake in Sunrun during the 2nd quarter worth about $35,387,000. Hedge funds and other institutional investors own 91.69% of the company’s stock.

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.