Shares of Sunrun Inc (NASDAQ:RUN) have been given an average rating of “Buy” by the nine ratings firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, one has given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $8.18.
RUN has been the subject of a number of analyst reports. ValuEngine cut Sunrun from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. Oppenheimer reiterated a “buy” rating and issued a $10.00 price target on shares of Sunrun in a research note on Thursday, November 9th. BidaskClub cut Sunrun from a “buy” rating to a “hold” rating in a research note on Wednesday, September 20th. Zacks Investment Research cut Sunrun from a “hold” rating to a “sell” rating in a research note on Thursday, November 9th. Finally, Bank of America began coverage on Sunrun in a research note on Monday, November 6th. They issued a “buy” rating for the company.
Institutional investors and hedge funds have recently modified their holdings of the business. FMR LLC lifted its position in Sunrun by 0.8% during the second quarter. FMR LLC now owns 15,816,308 shares of the energy company’s stock worth $112,612,000 after buying an additional 125,000 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Sunrun by 6.7% in the second quarter. Vanguard Group Inc. now owns 5,853,579 shares of the energy company’s stock valued at $41,677,000 after buying an additional 369,721 shares in the last quarter. Quentec Asset Management LLC grew its stake in shares of Sunrun by 1.6% in the second quarter. Quentec Asset Management LLC now owns 5,216,058 shares of the energy company’s stock valued at $37,139,000 after buying an additional 82,693 shares in the last quarter. State Street Corp grew its stake in shares of Sunrun by 22.7% in the second quarter. State Street Corp now owns 1,628,766 shares of the energy company’s stock valued at $11,596,000 after buying an additional 300,923 shares in the last quarter. Finally, Uniplan Investment Counsel Inc. grew its stake in shares of Sunrun by 136.7% in the third quarter. Uniplan Investment Counsel Inc. now owns 1,379,779 shares of the energy company’s stock valued at $7,657,000 after buying an additional 796,912 shares in the last quarter. 78.02% of the stock is currently owned by institutional investors.
Sunrun (RUN) traded down $0.03 during midday trading on Friday, hitting $6.02. The stock had a trading volume of 356,646 shares, compared to its average volume of 1,072,443. The company has a market cap of $651.29, a P/E ratio of 6.98 and a beta of -0.69. The company has a current ratio of 0.72, a quick ratio of 0.60 and a debt-to-equity ratio of 0.89. Sunrun has a 52-week low of $4.21 and a 52-week high of $7.78.
Sunrun (NASDAQ:RUN) last released its earnings results on Wednesday, November 8th. The energy company reported $0.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.11. The firm had revenue of $141.29 million for the quarter, compared to the consensus estimate of $146.56 million. Sunrun had a return on equity of 9.25% and a net margin of 18.79%. The company’s revenue for the quarter was up 26.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.16 EPS. research analysts expect that Sunrun will post 0.64 EPS for the current fiscal year.
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Sunrun Company Profile
Sunrun Inc is engaged in the design, development, installation, sale, ownership and maintenance of residential solar energy systems (Projects) in the United States. The Company is engaged in providing solar energy services and products to its customers. As of December 31, 2016, it operated a fleet of residential solar energy systems in the United States, with approximately 134,000 customers across 16 states, as well as the District of Columbia.
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