JPMorgan Chase & Co. began coverage on shares of Sunrun (NASDAQ:RUN) in a research report sent to investors on Thursday, BenzingaRatingsTable reports. The brokerage issued an overweight rating and a $19.00 price objective on the energy company’s stock.
A number of other analysts also recently weighed in on the company. Credit Suisse Group set a $26.00 target price on Sunrun and gave the stock a buy rating in a research report on Friday, October 11th. ValuEngine cut shares of Sunrun from a buy rating to a hold rating in a research report on Friday, January 3rd. Zacks Investment Research raised shares of Sunrun from a strong sell rating to a hold rating in a research note on Thursday, November 14th. BidaskClub upgraded shares of Sunrun from a sell rating to a hold rating in a report on Tuesday, January 7th. Finally, Roth Capital cut their price objective on shares of Sunrun and set a buy rating for the company in a research note on Wednesday, November 13th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Sunrun currently has an average rating of Buy and a consensus target price of $21.83.
NASDAQ RUN traded up $0.58 during trading hours on Thursday, reaching $17.18. 3,455,530 shares of the stock traded hands, compared to its average volume of 1,675,112. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.32 and a quick ratio of 1.07. The stock has a 50 day simple moving average of $14.24 and a two-hundred day simple moving average of $16.10. Sunrun has a 1 year low of $11.69 and a 1 year high of $21.42. The company has a market cap of $1.96 billion, a price-to-earnings ratio of 74.70, a price-to-earnings-growth ratio of 16.29 and a beta of 0.67.
Sunrun (NASDAQ:RUN) last posted its quarterly earnings data on Tuesday, November 12th. The energy company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.04). The firm had revenue of $215.50 million during the quarter, compared to analysts’ expectations of $207.22 million. Sunrun had a return on equity of 0.63% and a net margin of 0.93%. Sunrun’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.02) earnings per share. On average, sell-side analysts forecast that Sunrun will post 0.51 EPS for the current fiscal year.
In related news, Chairman Edward Harris Fenster sold 52,400 shares of Sunrun stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $16.50, for a total value of $864,600.00. Following the transaction, the chairman now directly owns 1,984,002 shares of the company’s stock, valued at $32,736,033. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Robert Patrick Jr. Komin sold 25,121 shares of Sunrun stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $16.23, for a total transaction of $407,713.83. The disclosure for this sale can be found here. In the last three months, insiders sold 229,950 shares of company stock valued at $3,588,420. 9.34% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Penserra Capital Management LLC bought a new position in Sunrun during the 3rd quarter valued at approximately $61,000. Allworth Financial LP purchased a new position in shares of Sunrun during the fourth quarter valued at approximately $62,000. Maj Invest Holding A S purchased a new position in shares of Sunrun during the third quarter valued at approximately $87,000. Alpine Global Management LLC bought a new position in shares of Sunrun during the fourth quarter valued at approximately $159,000. Finally, FNY Investment Advisers LLC bought a new position in shares of Sunrun during the fourth quarter valued at approximately $165,000. 87.79% of the stock is owned by institutional investors and hedge funds.
Sunrun Inc engages in the design, development, installation, sale, ownership, and maintenance of residential solar energy systems in the United States. It also sells solar energy systems and products, such as panels and racking, as well as solar leads generated to customers. The company markets and sells its products through direct-to-consumer approach across online, retail, mass media, digital media, canvassing, field marketing, and referral channels, as well as its partner network.
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