Evercore ISI reaffirms “Buy” rating for Sunrun (NASDAQ:RUN)

Sunrun (NASDAQ:RUN)Evercore ISI stock reissued its “buy” rating in a note released Friday to investors, TipRanks reports. They currently have a price target of $75.00 on shares of the energy company. Evercore ISI’s target price indicates upside potential of 247.87% from the stock’s previous close.

Several other brokerages have also weighed in on RUN recently. Needham & Company LLC reduced its target price on Sunrun from $70.00 to $41.00 in a Thursday, February 3 research report. Wolfe Research lowered its target price on Sunrun from $50.00 to $43.00 and set an “outperform” rating for the company in a research note on Friday. Truist Financial lowered its target price on Sunrun from $76.00 to $52.00 and set a “buy” rating for the company in a research note on Monday, January 24. TheStreet downgraded Sunrun from a “c-” rating to a “d+” rating in a Monday, December 20 research note. Finally, Royal Bank of Canada lowered its target price on Sunrun shares from $81.00 to $79.00 and set an “outperform” rating for the company in a research report on Friday, November 5. Two analysts gave the stock a hold rating and nineteen gave the company a buy rating. According to data from MarketBeat.com, Sunrun currently has an average rating of “Buy” and a consensus target price of $65.11.

Shares of NASDAQ RUN fell $1.57 during Friday’s trading, hitting $21.56. 10,219,203 shares of the company were traded, with an average volume of 7,728,638. Sunrun has a 1-year low of $20.77 and a 1-year high of $72.18. The company has a market capitalization of $4.46 billion, a price-earnings ratio of -19.78 and a beta of 2.05. The company’s fifty-day moving average price is $29.53 and its 200-day moving average price is $41.54. The company has a debt ratio of 0.87, a current ratio of 1.24 and a quick ratio of 0.90.

(A d)

This guide will help you identify and execute an options trading strategy that fits your specific needs and risk profile.

Take your trading to the next level with the Options Strategy Guide.

Sunrun Inc (NASDAQ:RUN) last released its quarterly earnings data on Thursday, February 17. The energy company reported ($0.19) earnings per share for the quarter, missing analyst consensus estimates of $0.10 per ($0.29). Sunrun had a negative net margin of 14.06% and a negative return on equity of 0.54%. In the same quarter last year, the company posted ($0.06) earnings per share. On average, research analysts expect Sunrun to post 0.01 earnings per share for the current year.

Separately, CAO Michelle Philpot sold 1,305 shares in a trade that took place on Wednesday, December 15. The shares were sold at an average price of $33.39, for a total value of $43,573.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC’s website. Additionally, COO Christopher Dawson sold 9,875 shares in a trade that took place on Wednesday, December 15. The shares were sold at an average price of $33.39, for a total transaction of $329,726.25. The disclosure of this sale can be found here. During the last quarter, insiders sold 30,136 shares of the company valued at $954,953. Insiders hold 4.40% of the shares of the company.

Institutional investors have recently been buying and selling shares of the company. Amundi Pioneer Asset Management Inc. acquired a new position in Sunrun shares in Q1 worth approximately $732,000. OLD Mission Capital LLC acquired a new position in Sunrun stock in Q3 worth approximately $858,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in Sunrun shares by 63.2% in Q2. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 31,808 shares of the energy company worth $1,774,000 after buying 12,313 more shares in the last quarter. AtonRa Partners increased its equity stake in Sunrun by 101.7% in Q2. AtonRa Partners now owns 94,181 shares of the energy company worth $5,253,000 after buying an additional 47,498 shares in the last quarter. Finally, Stifel Financial Corp increased its stake in Sunrun shares to 94.2% in Q2. Stifel Financial Corp now owns 20,807 shares of the energy company worth $1,160,000 after buying an additional 10,094 shares in the last quarter. Institutional investors and hedge funds own 95.56% of the company’s shares.

About Sunrun

SunRun, Inc. is engaged in the design, development, installation, sale, ownership and maintenance of residential solar energy systems. It sells solar service offerings and installs solar power systems for homeowners through its direct-to-consumer channel. The company also offers plans such as monthly lease, full amount lease, purchase system and monthly loan.

Featured articles

Analyst Recommendations for Sunrun (NASDAQ: RUN)

This instant news alert was powered by MarketBeat’s storytelling science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $1,000 in Sunrun right now?

Before you consider Sunrun, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Sunrun wasn’t on the list.

Although Sunrun currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here

Comments are closed.