Sunrun (NASDAQ:RUN) Stock Price Down 3.2%

Sunrun Inc. (NASDAQ:RUN – Get Rating) shares fell 3.2% on Friday . The stock traded as low as $15.97 and last traded at $16.12. 1,014,827 shares changed hands during mid-day trading, a decline of 89% from the average session volume of 9,191,063 shares. The stock had previously closed at $16.66.

Wall Street Analyst Weigh In

Several research firms have weighed in on RUN. Bank of America lifted their price target on shares of Sunrun from $40.00 to $46.00 and gave the company a “buy” rating in a research note on Thursday, February 23rd. StockNews.com upgraded shares of Sunrun to a “sell” rating in a report on Tuesday, April 25th. BMO Capital Markets reduced their price objective on shares of Sunrun from $39.00 to $34.00 and set an “outperform” rating for the company in a report on Thursday, February 23rd. Royal Bank of Canada cut their price target on shares of Sunrun from $42.00 to $34.00 and set an “outperform” rating on the stock in a report on Wednesday, March 29th. Finally, Susquehanna dropped their target price on shares of Sunrun from $42.00 to $40.00 in a research note on Thursday, May 4th. One analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, Sunrun presently has a consensus rating of “Moderate Buy” and an average price target of $36.81.

Sunrun Stock Up 0.2 %

The stock’s fifty day moving average is $18.49 and its two-hundred day moving average is $23.64. The company has a current ratio of 1.81, a quick ratio of 1.04 and a debt-to-equity ratio of 1.20. The firm has a market cap of $3.60 billion, a P/E ratio of 238.03 and a beta of 2.34.

Sunrun (NASDAQ:RUN – Get Rating) last posted its earnings results on Wednesday, May 3rd. The energy company reported ($1.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($1.08). The firm had revenue of $589.85 million for the quarter, compared to the consensus estimate of $517.78 million. Sunrun had a return on equity of 0.28% and a net margin of 0.86%. The business’s revenue was up 19.0% on a year-over-year basis. During the same period last year, the company posted ($0.42) EPS. As a group, research analysts anticipate that Sunrun Inc. will post -1.51 earnings per share for the current year.

Insiders Place Their Bets

In other Sunrun news, Director Edward Harris Fenster sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $16.34, for a total value of $408,500.00. Following the completion of the transaction, the director now owns 1,267,994 shares of the company’s stock, valued at approximately $20,719,021.96. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, Director Edward Harris Fenster sold 25,000 shares of the company’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $16.34, for a total value of $408,500.00. Following the completion of the sale, the director now owns 1,267,994 shares of the company’s stock, valued at approximately $20,719,021.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeanna Steele sold 14,723 shares of the company’s stock in a transaction on Monday, March 6th. The shares were sold at an average price of $25.51, for a total transaction of $375,583.73. Following the completion of the sale, the insider now directly owns 173,723 shares of the company’s stock, valued at approximately $4,431,673.73. The disclosure for this sale can be found here. Insiders sold a total of 203,012 shares of company stock valued at $4,464,534 in the last quarter. Corporate insiders own 4.29% of the company’s stock.

Institutional Investors Weigh In On Sunrun

Several institutional investors and hedge funds have recently modified their holdings of the stock. Nisa Investment Advisors LLC lifted its position in Sunrun by 64.1% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,149 shares of the energy company’s stock valued at $28,000 after acquiring an additional 449 shares during the period. RFP Financial Group LLC purchased a new position in Sunrun during the 4th quarter valued at about $40,000. Belpointe Asset Management LLC lifted its position in Sunrun by 735.2% during the 1st quarter. Belpointe Asset Management LLC now owns 2,113 shares of the energy company’s stock valued at $43,000 after acquiring an additional 1,860 shares during the period. Salem Investment Counselors Inc. lifted its position in Sunrun by 3,750.0% during the 1st quarter. Salem Investment Counselors Inc. now owns 1,540 shares of the energy company’s stock valued at $47,000 after acquiring an additional 1,500 shares during the period. Finally, Exchange Traded Concepts LLC lifted its position in Sunrun by 40.0% during the 1st quarter. Exchange Traded Concepts LLC now owns 3,075 shares of the energy company’s stock valued at $62,000 after acquiring an additional 879 shares during the period. 86.21% of the stock is owned by hedge funds and other institutional investors.

About Sunrun

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Sunrun, Inc engages in the design, development, installation, sale, ownership, and maintenance of residential solar energy systems. It sells solar service offerings and installs solar energy systems for homeowners. Customers can access its products through three channels: direct-to-consumer, solar partnerships, and strategic partnerships.