Sunrun (RUN) Upgraded to Strong-Buy by BidaskClub

Share on StockTwits

BidaskClub upgraded shares of Sunrun (NASDAQ:RUN) from a buy rating to a strong-buy rating in a report issued on Wednesday morning, BidAskClub reports.

RUN has been the subject of a number of other reports. Zacks Investment Research raised Sunrun from a hold rating to a buy rating and set a $18.00 price target for the company in a report on Wednesday, March 6th. Credit Suisse Group set a $24.00 price target on Sunrun and gave the company a buy rating in a report on Friday, March 1st. ValuEngine raised Sunrun from a buy rating to a strong-buy rating in a report on Friday, March 1st. Bank of America reaffirmed a buy rating and set a $23.50 price target (up from $17.50) on shares of Sunrun in a report on Thursday, April 25th. Finally, TheStreet cut Sunrun from a b- rating to a c+ rating in a research note on Friday, March 29th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of $18.64.

RUN stock opened at $15.07 on Wednesday. Sunrun has a fifty-two week low of $8.81 and a fifty-two week high of $17.44. The firm has a market cap of $1.74 billion, a P/E ratio of 65.52, a price-to-earnings-growth ratio of 0.95 and a beta of 0.58. The company has a quick ratio of 1.03, a current ratio of 1.37 and a debt-to-equity ratio of 1.64.

Sunrun (NASDAQ:RUN) last released its quarterly earnings results on Wednesday, May 8th. The energy company reported ($0.12) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.43). Sunrun had a negative net margin of 1.88% and a negative return on equity of 1.19%. The business had revenue of $194.50 million for the quarter, compared to analyst estimates of $152.90 million. As a group, equities research analysts expect that Sunrun will post 1.37 EPS for the current fiscal year.

In other news, Chairman Edward Harris Fenster sold 3,510 shares of Sunrun stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $17.01, for a total value of $59,705.10. Following the completion of the sale, the chairman now directly owns 2,460,681 shares of the company’s stock, valued at approximately $41,856,183.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Steven Vassallo sold 33,945 shares of Sunrun stock in a transaction on Monday, February 11th. The shares were sold at an average price of $15.04, for a total value of $510,532.80. Following the completion of the sale, the director now directly owns 39,810 shares of the company’s stock, valued at $598,742.40. The disclosure for this sale can be found here. Insiders sold a total of 631,278 shares of company stock valued at $10,032,674 over the last three months. Insiders own 9.34% of the company’s stock.

Large investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its position in Sunrun by 230.1% in the third quarter. Dimensional Fund Advisors LP now owns 505,989 shares of the energy company’s stock valued at $6,295,000 after buying an additional 352,702 shares during the last quarter. MetLife Investment Advisors LLC lifted its position in Sunrun by 53.9% in the third quarter. MetLife Investment Advisors LLC now owns 67,398 shares of the energy company’s stock valued at $838,000 after buying an additional 23,597 shares during the last quarter. Neuberger Berman Group LLC lifted its position in Sunrun by 881.0% in the third quarter. Neuberger Berman Group LLC now owns 2,517,568 shares of the energy company’s stock valued at $31,318,000 after buying an additional 2,260,933 shares during the last quarter. Morgan Stanley lifted its position in Sunrun by 104.8% in the third quarter. Morgan Stanley now owns 1,371,638 shares of the energy company’s stock valued at $17,064,000 after buying an additional 701,745 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in Sunrun by 8.8% in the third quarter. Vanguard Group Inc. now owns 7,664,932 shares of the energy company’s stock valued at $95,351,000 after buying an additional 618,002 shares during the last quarter. Institutional investors and hedge funds own 84.78% of the company’s stock.

About Sunrun

Sunrun Inc engages in the design, development, installation, sale, ownership, and maintenance of residential solar energy systems in the United States. It also sells solar energy systems and products, such as panels and racking, as well as solar leads generated to customers. The company markets and sells its products through direct-to-consumer approach across online, retail, mass media, digital media, canvassing, field marketing, and referral channels, as well as its partner network.

See Also: Green Investing

Analyst Recommendations for Sunrun (NASDAQ:RUN)

Receive News & Ratings for Sunrun Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sunrun and related companies with MarketBeat.com's FREE daily email newsletter.