Sunrun (NASDAQ:RUN) Given “Hold” Rating at Truist Financial

Sunrun (NASDAQ:RUN)‘s stock had its “hold” rating reaffirmed by research analysts at Truist Financial in a research note issued on Wednesday, Benzinga reports. They presently have a $18.00 target price on the energy company’s stock, up from their previous target price of $12.00. Truist Financial’s price target suggests a potential downside of 1.64% from the stock’s previous close.

A number of other research firms have also recently commented on RUN. Jefferies Financial Group lowered their target price on Sunrun from $32.00 to $26.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. Barclays boosted their price target on Sunrun from $16.00 to $19.00 and gave the company an “equal weight” rating in a report on Tuesday, July 23rd. JPMorgan Chase & Co. boosted their price objective on Sunrun from $14.00 to $19.00 and gave the company an “overweight” rating in a research report on Tuesday, July 16th. Mizuho cut their target price on Sunrun from $28.00 to $23.00 and set a “buy” rating on the stock in a research note on Friday, April 19th. Finally, Morgan Stanley upped their target price on Sunrun from $24.00 to $29.00 and gave the company an “overweight” rating in a research note on Friday, June 14th. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $21.95.

Sunrun Trading Up 11.0 %

Shares of NASDAQ:RUN traded up $1.81 during midday trading on Wednesday, hitting $18.30. 3,816,462 shares of the stock were exchanged, compared to its average volume of 13,404,210. The business’s 50-day moving average price is $14.64 and its 200 day moving average price is $13.24. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.99 and a current ratio of 1.31. The stock has a market capitalization of $4.06 billion, a price-to-earnings ratio of -2.69 and a beta of 2.61. Sunrun has a 12 month low of $8.43 and a 12 month high of $20.68.

Sunrun (NASDAQ:RUN) last announced its quarterly earnings data on Tuesday, August 6th. The energy company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.81. The firm had revenue of $523.87 million during the quarter, compared to the consensus estimate of $516.76 million. Sunrun had a negative return on equity of 3.58% and a negative net margin of 68.22%. The business’s revenue for the quarter was down 11.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.25 EPS. Analysts predict that Sunrun will post -1.25 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Mary Powell sold 1,741 shares of the stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $14.86, for a total value of $25,871.26. Following the completion of the transaction, the chief executive officer now directly owns 589,927 shares of the company’s stock, valued at approximately $8,766,315.22. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, CEO Mary Powell sold 1,741 shares of the firm’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of $14.86, for a total transaction of $25,871.26. Following the completion of the sale, the chief executive officer now directly owns 589,927 shares of the company’s stock, valued at approximately $8,766,315.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lynn Michelle Jurich sold 50,000 shares of the firm’s stock in a transaction on Friday, July 19th. The shares were sold at an average price of $16.93, for a total value of $846,500.00. Following the sale, the director now directly owns 1,294,383 shares of the company’s stock, valued at $21,913,904.19. The disclosure for this sale can be found here. In the last quarter, insiders sold 255,712 shares of company stock worth $3,706,261. 3.76% of the stock is currently owned by company insiders.

Institutional Trading of Sunrun

Hedge funds and other institutional investors have recently modified their holdings of the company. United Services Automobile Association increased its position in Sunrun by 6.3% during the second quarter. United Services Automobile Association now owns 17,631 shares of the energy company’s stock worth $209,000 after buying an additional 1,042 shares during the last quarter. Koss Olinger Consulting LLC acquired a new position in Sunrun during the second quarter worth approximately $145,000. Norden Group LLC increased its position in Sunrun by 11.3% during the second quarter. Norden Group LLC now owns 133,186 shares of the energy company’s stock worth $1,580,000 after buying an additional 13,552 shares during the last quarter. Tortoise Capital Advisors L.L.C. increased its position in Sunrun by 29.7% during the second quarter. Tortoise Capital Advisors L.L.C. now owns 990,843 shares of the energy company’s stock worth $11,751,000 after buying an additional 226,988 shares during the last quarter. Finally, Arizona State Retirement System increased its position in Sunrun by 2.7% during the second quarter. Arizona State Retirement System now owns 61,475 shares of the energy company’s stock worth $729,000 after buying an additional 1,597 shares during the last quarter. Institutional investors and hedge funds own 91.69% of the company’s stock.

Sunrun Company Profile

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.