Sunrun (NASDAQ:RUN) Shares Up 5.6% – Should You Buy?

Sunrun Inc. (NASDAQ:RUN)’s stock price was up 5.6% during mid-day trading on Thursday . The stock traded as high as $8.78 and last traded at $8.93. Approximately 4,728,571 shares changed hands during mid-day trading, a decline of 54% from the average daily volume of 10,179,759 shares. The stock had previously closed at $8.46.

Analyst Ratings Changes

Several analysts have recently issued reports on RUN shares. Susquehanna reduced their price objective on Sunrun from $24.00 to $23.00 and set a “positive” rating on the stock in a research report on Wednesday, October 16th. Guggenheim downgraded Sunrun from a “buy” rating to a “neutral” rating in a research report on Thursday, November 7th. Morgan Stanley reduced their target price on Sunrun from $35.00 to $27.00 and set an “overweight” rating on the stock in a research report on Friday, November 15th. The Goldman Sachs Group reduced their target price on Sunrun from $19.00 to $17.00 and set a “buy” rating on the stock in a research report on Tuesday, December 17th. Finally, BNP Paribas upgraded Sunrun from a “neutral” rating to an “outperform” rating and set a $16.00 target price on the stock in a research report on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, Sunrun presently has a consensus rating of “Moderate Buy” and an average price target of $19.11.

Sunrun Trading Up 9.5 %

The company has a quick ratio of 1.15, a current ratio of 1.47 and a debt-to-equity ratio of 1.92. The firm has a market cap of $2.29 billion, a price-to-earnings ratio of -5.62 and a beta of 2.58. The business has a 50 day moving average price of $10.23 and a 200-day moving average price of $14.54.

Sunrun (NASDAQ:RUN) last posted its earnings results on Thursday, November 7th. The energy company reported ($0.37) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.21). The company had revenue of $537.17 million during the quarter, compared to analyst estimates of $560.60 million. Sunrun had a negative net margin of 18.80% and a negative return on equity of 5.15%. During the same quarter last year, the business posted $0.40 EPS. As a group, research analysts expect that Sunrun Inc. will post -0.41 EPS for the current fiscal year.

Insiders Place Their Bets

In other Sunrun news, CEO Mary Powell sold 4,350 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $11.18, for a total transaction of $48,633.00. Following the transaction, the chief executive officer now owns 560,321 shares of the company’s stock, valued at $6,264,388.78. This trade represents a 0.77 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CRO Paul S. Dickson sold 2,968 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $11.18, for a total value of $33,182.24. Following the completion of the sale, the executive now directly owns 418,492 shares in the company, valued at approximately $4,678,740.56. This trade represents a 0.70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 164,830 shares of company stock valued at $1,614,147 in the last quarter. Insiders own 3.77% of the company’s stock.

Institutional Trading of Sunrun

Large investors have recently added to or reduced their stakes in the business. Jennison Associates LLC increased its position in shares of Sunrun by 36.7% during the 4th quarter. Jennison Associates LLC now owns 61,498 shares of the energy company’s stock valued at $569,000 after purchasing an additional 16,497 shares during the period. Alterna Wealth Management Inc. acquired a new position in shares of Sunrun during the 4th quarter valued at $96,000. Swedbank AB increased its position in shares of Sunrun by 12.8% during the 4th quarter. Swedbank AB now owns 218,911 shares of the energy company’s stock valued at $2,025,000 after purchasing an additional 24,792 shares during the period. Pacific Capital Wealth Advisors Inc. increased its position in shares of Sunrun by 102.9% during the 4th quarter. Pacific Capital Wealth Advisors Inc. now owns 80,732 shares of the energy company’s stock valued at $747,000 after purchasing an additional 40,942 shares during the period. Finally, Ridgecrest Wealth Partners LLC increased its position in shares of Sunrun by 11.0% during the 4th quarter. Ridgecrest Wealth Partners LLC now owns 80,000 shares of the energy company’s stock valued at $740,000 after purchasing an additional 7,929 shares during the period. 91.69% of the stock is currently owned by institutional investors and hedge funds.

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.