Sunrun (NASDAQ:RUN – Get Rating) is set to post its quarterly earnings results after the market closes on Wednesday, February 22nd. Analysts expect Sunrun to post earnings of ($0.03) per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.
Sunrun Price Performance
RUN opened at $23.81 on Wednesday. The company has a market capitalization of $5.07 billion, a price-to-earnings ratio of 82.10 and a beta of 2.26. The company has a quick ratio of 1.19, a current ratio of 1.74 and a debt-to-equity ratio of 1.09. The firm has a 50-day moving average price of $26.09 and a 200-day moving average price of $28.63. Sunrun has a twelve month low of $16.80 and a twelve month high of $39.13.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on the stock. Barclays downgraded shares of Sunrun from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $44.00 to $35.00 in a research note on Wednesday, January 25th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Sunrun in a research note on Monday, November 14th. They issued a “buy” rating and a $36.00 target price for the company. BMO Capital Markets reduced their price objective on shares of Sunrun from $40.00 to $39.00 and set an “outperform” rating for the company in a research note on Thursday, November 3rd. JPMorgan Chase & Co. reduced their price objective on shares of Sunrun from $55.00 to $45.00 and set an “overweight” rating for the company in a research note on Thursday, November 3rd. Finally, The Goldman Sachs Group reduced their price objective on shares of Sunrun from $40.00 to $37.00 in a research note on Monday, January 30th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.29.
Insider Buying and Selling at Sunrun
In other news, CEO Mary Powell sold 1,896 shares of the business’s stock in a transaction that occurred on Wednesday, November 30th. The shares were sold at an average price of $31.21, for a total value of $59,174.16. Following the completion of the sale, the chief executive officer now directly owns 189,294 shares in the company, valued at approximately $5,907,865.74. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO Mary Powell sold 1,896 shares of the firm’s stock in a transaction dated Wednesday, November 30th. The stock was sold at an average price of $31.21, for a total transaction of $59,174.16. Following the transaction, the chief executive officer now directly owns 189,294 shares of the company’s stock, valued at $5,907,865.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lynn Michelle Jurich sold 1,225 shares of the firm’s stock in a transaction dated Tuesday, December 6th. The shares were sold at an average price of $29.43, for a total value of $36,051.75. Following the transaction, the director now directly owns 1,449,363 shares in the company, valued at $42,654,753.09. The disclosure for this sale can be found here. Insiders sold a total of 201,143 shares of company stock worth $5,424,251 over the last three months. 4.29% of the stock is owned by insiders.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the stock. Salem Investment Counselors Inc. grew its stake in shares of Sunrun by 3,750.0% during the first quarter. Salem Investment Counselors Inc. now owns 1,540 shares of the energy company’s stock valued at $47,000 after buying an additional 1,500 shares during the last quarter. US Bancorp DE grew its stake in shares of Sunrun by 123.5% during the first quarter. US Bancorp DE now owns 6,534 shares of the energy company’s stock valued at $198,000 after buying an additional 3,611 shares during the last quarter. EP Wealth Advisors LLC bought a new position in shares of Sunrun during the first quarter valued at about $200,000. Captrust Financial Advisors grew its stake in shares of Sunrun by 6.2% during the third quarter. Captrust Financial Advisors now owns 7,389 shares of the energy company’s stock valued at $204,000 after buying an additional 431 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV bought a new stake in shares of Sunrun in the third quarter worth about $214,000. 86.21% of the stock is owned by institutional investors.
Sunrun Company Profile
Sunrun, Inc engages in the design, development, installation, sale, ownership and maintenance of residential solar energy systems. It sells solar service offerings and installs solar energy systems for homeowners. Customers can access its products through three channels: direct-to-consumer, solar partnerships, and strategic partnerships.