1 week Ago By ABMN Staff
Sunrun Inc. ( NASDAQ:RUN – Get Free Report ) has been given an average rating of “Moderate Buy” by the twenty-two brokerages that are covering the stock, Marketbeat.com reports.
Eight research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $22.98.
RUN has been the subject of several research reports. Evercore ISI cut their price objective on Sunrun from $42.00 to $38.
00 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. Morgan Stanley boosted their price target on Sunrun from $31.00 to $35.
00 and gave the stock an “overweight” rating in a research report on Wednesday, August 21st. BMO Capital Markets raised their price objective on Sunrun from $17.00 to $20.
00 and gave the company a “market perform” rating in a report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Sunrun from $12.00 to $16.
50 and gave the stock a “hold” rating in a report on Thursday, August 8th. Finally, Piper Sandler raised their price target on shares of Sunrun from $20.00 to $23.
00 and gave the stock an “overweight” rating in a research note on Wednesday, August 7th. Check Out Our Latest Analysis on RUN Sunrun Trading Down 5.7 % Sunrun ( NASDAQ:RUN – Get Free Report ) last issued its quarterly earnings results on Tuesday, August 6th.
The energy company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.
88. The company had revenue of $523.87 million for the quarter, compared to the consensus estimate of $516.
76 million. Sunrun had a negative return on equity of 2.41% and a negative net margin of 66.
36%. Sunrun’s revenue for the quarter was down 11.2% on a year-over-year basis.
During the same quarter in the prior year, the business posted $0.25 earnings per share. As a group, equities analysts predict that Sunrun will post -0.
37 earnings per share for the current fiscal year. Insider Activity at Sunrun In related news, CEO Mary Powell sold 2,148 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $18.
79, for a total transaction of $40,360.92. Following the completion of the transaction, the chief executive officer now directly owns 579,193 shares in the company, valued at approximately $10,883,036.
47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink . In related news, CFO Danny Abajian sold 4,662 shares of Sunrun stock in a transaction on Monday, July 8th.
The stock was sold at an average price of $12.62, for a total value of $58,834.44.
Following the completion of the transaction, the chief financial officer now directly owns 283,098 shares in the company, valued at $3,572,696.76. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website .
Also, CEO Mary Powell sold 2,148 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $18.79, for a total value of $40,360.
92. Following the sale, the chief executive officer now owns 579,193 shares in the company, valued at approximately $10,883,036.47.
The disclosure for this sale can be found here . In the last quarter, insiders sold 206,293 shares of company stock worth $3,249,709. Insiders own 3.
76% of the company’s stock. Institutional Trading of Sunrun Institutional investors have recently modified their holdings of the stock. Truist Financial Corp acquired a new position in shares of Sunrun in the 4th quarter valued at $307,000.
Victory Capital Management Inc. grew its position in Sunrun by 579.1% during the 4th quarter.
Victory Capital Management Inc. now owns 258,697 shares of the energy company’s stock worth $5,078,000 after purchasing an additional 220,605 shares during the last quarter. M&T Bank Corp raised its holdings in shares of Sunrun by 199.
6% in the fourth quarter. M&T Bank Corp now owns 58,769 shares of the energy company’s stock valued at $1,154,000 after buying an additional 39,150 shares during the last quarter. Spire Wealth Management boosted its stake in shares of Sunrun by 286.
2% during the fourth quarter. Spire Wealth Management now owns 5,395 shares of the energy company’s stock worth $106,000 after buying an additional 3,998 shares during the period. Finally, Charles Schwab Investment Management Inc.
grew its holdings in shares of Sunrun by 2.5% during the fourth quarter. Charles Schwab Investment Management Inc.
now owns 1,231,970 shares of the energy company’s stock worth $24,184,000 after buying an additional 29,925 shares during the last quarter. Hedge funds and other institutional investors own 91.69% of the company’s stock.
About Sunrun ( Get Free Report 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.
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