Sunrun (NASDAQ:RUN) Stock Price Up 6.7% – Still a Buy?

Sunrun Inc. (NASDAQ:RUN) shares rose 6.7% during trading on Wednesday . The company traded as high as $9.71 and last traded at $9.88. Approximately 1,312,814 shares were traded during trading, a decline of 88% from the average daily volume of 10,548,487 shares. The stock had previously closed at $9.26.

Analyst Ratings Changes

A number of research firms have recently issued reports on RUN. BMO Capital Markets lowered their target price on Sunrun from $20.00 to $11.00 and set a “market perform” rating for the company in a research note on Monday, November 11th. TD Cowen began coverage on shares of Sunrun in a research note on Thursday, December 19th. They issued a “buy” rating and a $21.00 target price for the company. StockNews.com upgraded Sunrun to a “sell” rating in a research note on Friday, December 20th. Guggenheim downgraded Sunrun from a “buy” rating to a “neutral” rating in a report on Thursday, November 7th. Finally, Roth Mkm decreased their price target on shares of Sunrun from $35.00 to $30.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $18.36.

Sunrun Stock Down 0.8 %

The stock has a 50 day moving average price of $10.22 and a 200 day moving average price of $14.46. The company has a market cap of $2.06 billion, a P/E ratio of -5.05 and a beta of 2.58. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.15 and a current ratio of 1.47.

Sunrun (NASDAQ:RUN) last announced its quarterly earnings data on Thursday, November 7th. The energy company reported ($0.37) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.21). Sunrun had a negative return on equity of 5.15% and a negative net margin of 18.80%. The business had revenue of $537.17 million during the quarter, compared to analyst estimates of $560.60 million. During the same period in the prior year, the firm earned $0.40 EPS. Research analysts expect that Sunrun Inc. will post -0.41 earnings per share for the current fiscal year.

Insider Activity

In other Sunrun news, Director Lynn Michelle Jurich sold 50,000 shares of the business’s stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $9.59, for a total value of $479,500.00. Following the transaction, the director now owns 991,753 shares in the company, valued at $9,510,911.27. The trade was a 4.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CRO Paul S. Dickson sold 2,968 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $11.18, for a total value of $33,182.24. Following the sale, the executive now directly owns 418,492 shares of the company’s stock, valued at $4,678,740.56. This trade represents a 0.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 164,830 shares of company stock worth $1,614,147. Insiders own 3.77% of the company’s stock.

Institutional Investors Weigh In On Sunrun

Large investors have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. grew its stake in Sunrun by 33.7% in the 3rd quarter. Principal Financial Group Inc. now owns 1,460,949 shares of the energy company’s stock valued at $26,385,000 after buying an additional 367,835 shares during the last quarter. Erste Asset Management GmbH bought a new stake in Sunrun during the 3rd quarter valued at approximately $76,152,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in Sunrun by 113.5% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,515,302 shares of the energy company’s stock valued at $45,426,000 after buying an additional 1,337,302 shares during the last quarter. Aigen Investment Management LP bought a new position in Sunrun during the third quarter worth $955,000. Finally, Assenagon Asset Management S.A. raised its position in shares of Sunrun by 207.3% during the third quarter. Assenagon Asset Management S.A. now owns 1,375,584 shares of the energy company’s stock valued at $24,843,000 after buying an additional 927,947 shares during the last quarter. 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.