Equities research analysts at UBS began coverage on shares of Sunrun (NASDAQ:RUN) in a research report issued to clients and investors on Thursday, March 15th, www.benzinga.com reports. The firm set a “buy” rating and a $8.00 price target on the energy company’s stock. UBS’s target price would indicate a potential downside of 6.10% from the company’s current price.
A number of other research analysts have also weighed in on RUN. Zacks Investment Research raised Sunrun from a “hold” rating to a “strong-buy” rating and set a $6.75 price objective on the stock in a report on Saturday, January 20th. BidaskClub raised Sunrun from a “sell” rating to a “hold” rating in a report on Saturday, February 17th. Roth Capital began coverage on Sunrun in a report on Thursday, March 1st. They set a “buy” rating and a $10.00 target price on the stock. ValuEngine downgraded Sunrun from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Credit Suisse Group began coverage on Sunrun in a research report on Monday, February 12th. They set an “outperform” rating and a $15.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $9.75.
RUN opened at $8.52 on Thursday. Sunrun has a 52-week low of $4.21 and a 52-week high of $10.16. The firm has a market cap of $1,053.65, a P/E ratio of 9.91, a price-to-earnings-growth ratio of 0.53 and a beta of -1.02. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.29 and a quick ratio of 1.01.
Sunrun (NASDAQ:RUN) last issued its earnings results on Tuesday, March 6th. The energy company reported $0.25 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.12). The firm had revenue of $146.44 million during the quarter, compared to analysts’ expectations of $133.62 million. Sunrun had a return on equity of 8.54% and a net margin of 23.51%. research analysts forecast that Sunrun will post 1.56 earnings per share for the current fiscal year.
In other news, CEO Lynn Michelle Jurich sold 36,522 shares of Sunrun stock in a transaction on Monday, April 2nd. The stock was sold at an average price of $8.92, for a total value of $325,776.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 24.13% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in RUN. Voya Investment Management LLC lifted its holdings in shares of Sunrun by 28.9% in the 2nd quarter. Voya Investment Management LLC now owns 37,399 shares of the energy company’s stock valued at $266,000 after purchasing an additional 8,391 shares during the last quarter. First Trust Advisors LP increased its position in Sunrun by 9.2% in the 4th quarter. First Trust Advisors LP now owns 116,870 shares of the energy company’s stock valued at $690,000 after acquiring an additional 9,848 shares during the period. Brandywine Global Investment Management LLC increased its position in Sunrun by 18.6% in the 4th quarter. Brandywine Global Investment Management LLC now owns 76,162 shares of the energy company’s stock valued at $450,000 after acquiring an additional 11,937 shares during the period. New York State Common Retirement Fund increased its position in Sunrun by 16.9% in the 3rd quarter. New York State Common Retirement Fund now owns 89,200 shares of the energy company’s stock valued at $495,000 after acquiring an additional 12,900 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its position in Sunrun by 5.0% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 289,287 shares of the energy company’s stock valued at $1,606,000 after acquiring an additional 13,667 shares during the period. 80.89% of the stock is owned by institutional investors.
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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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