Sunrun (NASDAQ:RUN) Earns “Buy” Rating from The Goldman Sachs Group

The Goldman Sachs Group restated their buy rating on shares of Sunrun (NASDAQ:RUN) in a research report report published on Wednesday morning, Benzinga reports. They currently have a $20.00 target price on the energy company’s stock.

RUN has been the subject of several other research reports. BMO Capital Markets increased their price target on Sunrun from $17.00 to $20.00 and gave the company a market perform rating in a report on Wednesday, August 7th. StockNews.com raised shares of Sunrun to a sell rating in a research report on Thursday, August 8th. JPMorgan Chase & Co. boosted their price target on shares of Sunrun from $19.00 to $22.00 and gave the stock an overweight rating in a research note on Wednesday, August 7th. Morgan Stanley restated an overweight rating and set a $35.00 target price on shares of Sunrun in a research note on Tuesday. Finally, Susquehanna boosted their price objective on shares of Sunrun from $23.00 to $24.00 and gave the stock a positive rating in a research report on Monday, July 15th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of Moderate Buy and a consensus target price of $22.33.

Sunrun Trading Down 0.3 %

Sunrun stock opened at $18.50 on Wednesday. The firm has a market cap of $4.14 billion, a PE ratio of -2.77 and a beta of 2.59. The company has a current ratio of 1.66, a quick ratio of 1.31 and a debt-to-equity ratio of 1.84. The stock’s 50 day simple moving average is $18.73 and its two-hundred day simple moving average is $14.63. Sunrun has a 12 month low of $8.43 and a 12 month high of $22.26.

Sunrun (NASDAQ:RUN) last released its quarterly earnings results on Tuesday, August 6th. The energy company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.88. The firm had revenue of $523.87 million for the quarter, compared to analysts’ expectations of $516.76 million. Sunrun had a negative net margin of 66.36% and a negative return on equity of 2.41%. The firm’s revenue for the quarter was down 11.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.25 EPS. Analysts anticipate that Sunrun will post -0.16 earnings per share for the current year.

Insider Buying and Selling at Sunrun

In other news, Director Lynn Michelle Jurich sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $20.20, for a total value of $1,010,000.00. Following the completion of the transaction, 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 document filed with the SEC, which is accessible through this link. In related news, Director Lynn Michelle Jurich sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $20.20, for a total value of $1,010,000.00. Following the sale, the director now directly 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 Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Mary Powell sold 5,569 shares of Sunrun stock in a transaction on Monday, July 8th. The shares were sold at an average price of $12.62, for a total value of $70,280.78. Following the completion of the transaction, the chief executive officer now owns 581,341 shares in the company, valued at approximately $7,336,523.42. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 178,675 shares of company stock valued at $3,253,289. Insiders own 3.76% of the company’s stock.

Institutional Trading of Sunrun

Hedge funds and other institutional investors have recently modified their holdings of the business. BNP Paribas acquired a new stake in Sunrun during the first quarter valued at approximately $37,000. Duncker Streett & Co. Inc. acquired a new position in Sunrun during the 2nd quarter valued at about $36,000. Parallel Advisors LLC increased its stake in shares of Sunrun by 91.4% during the fourth quarter. Parallel Advisors LLC now owns 3,168 shares of the energy company’s stock valued at $62,000 after acquiring an additional 1,513 shares during the period. CWM LLC lifted its position in Sunrun by 883.9% in the second quarter. CWM LLC now owns 3,355 shares of the energy company’s stock worth $40,000 after purchasing an additional 3,014 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Sunrun in the 2nd quarter worth approximately $45,000. 91.69% of the stock is owned by hedge funds and other institutional investors.

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.