Sunrun (NASDAQ:RUN) Downgraded to Sell Rating by Glj Research

Sunrun (NASDAQ:RUN) was downgraded by Glj Research from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday, June 17th, Marketbeat reports.

A number of other brokerages have also issued reports on RUN. BMO Capital Markets lowered shares of Sunrun from a “hold” rating to a “strong sell” rating and dropped their price target for the stock from $9.00 to $4.00 in a research note on Thursday, May 22nd. BNP Paribas Exane lowered shares of Sunrun from an “outperform” rating to a “neutral” rating and set a $10.00 target price on the stock. in a research note on Thursday, May 22nd. The Goldman Sachs Group increased their price target on shares of Sunrun from $12.00 to $15.00 and gave the stock a “buy” rating in a research report on Monday, May 19th. Mizuho set a $13.00 price objective on Sunrun and gave the company an “outperform” rating in a research note on Monday, June 2nd. Finally, BNP Paribas lowered Sunrun from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 22nd. Five investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $13.43.

Sunrun Stock Up 15.4%

NASDAQ:RUN traded up $0.96 during mid-day trading on Tuesday, hitting $7.20. The company had a trading volume of 41,343,958 shares, compared to its average volume of 13,023,397. Sunrun has a 1 year low of $5.38 and a 1 year high of $22.26. The business has a fifty day simple moving average of $8.09 and a 200-day simple moving average of $8.28. The company has a current ratio of 1.32, a quick ratio of 0.99 and a debt-to-equity ratio of 3.89. The firm has a market capitalization of $1.65 billion, a price-to-earnings ratio of -0.59 and a beta of 2.61.

Sunrun (NASDAQ:RUN) last posted its quarterly earnings data on Wednesday, May 7th. The energy company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.42. The company had revenue of $504.27 million for the quarter, compared to analyst estimates of $487.29 million. Sunrun had a negative net margin of 129.97% and a positive return on equity of 9.42%. The business’s quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter last year, the firm posted ($0.40) earnings per share. Equities analysts forecast that Sunrun will post -0.43 earnings per share for the current fiscal year.

Insider Buying and Selling at Sunrun

In related news, insider Jeanna Steele sold 9,942 shares of the business’s stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $6.74, for a total value of $67,009.08. Following the completion of the sale, the insider now owns 291,238 shares of the company’s stock, valued at approximately $1,962,944.12. The trade was a 3.30% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CRO Paul S. Dickson sold 19,343 shares of the stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $6.74, for a total value of $130,371.82. Following the completion of the transaction, the executive now owns 399,729 shares in the company, valued at $2,694,173.46. This represents a 4.62% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 88,993 shares of company stock valued at $612,979 in the last three months. 3.37% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Sunrun

A number of institutional investors have recently modified their holdings of RUN. Focus Partners Wealth lifted its position in shares of Sunrun by 21.2% during the 1st quarter. Focus Partners Wealth now owns 12,702 shares of the energy company’s stock worth $74,000 after purchasing an additional 2,226 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Sunrun by 14.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 760,758 shares of the energy company’s stock valued at $4,458,000 after purchasing an additional 98,547 shares during the last quarter. United Services Automobile Association acquired a new position in Sunrun in the 1st quarter valued at approximately $87,000. Caxton Associates LLP bought a new stake in shares of Sunrun in the 1st quarter worth approximately $2,045,000. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Sunrun by 45.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,306,808 shares of the energy company’s stock worth $13,518,000 after purchasing an additional 718,955 shares in the last quarter. Institutional investors own 91.69% of the company’s stock.

About Sunrun

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.