Sunrun (RUN) Lowered to Sell at BidaskClub

BidaskClub cut shares of Sunrun (NASDAQ:RUN) from a hold rating to a sell rating in a research report sent to investors on Wednesday morning.

Several other brokerages have also commented on RUN. Oppenheimer reiterated a buy rating and issued a $10.00 price target on shares of Sunrun in a research note on Thursday, November 9th. ValuEngine lowered shares of Sunrun from a strong-buy rating to a buy rating in a research note on Friday, February 2nd. Zacks Investment Research upgraded shares of Sunrun from a hold rating to a buy rating and set a $6.75 price target on the stock in a research note on Thursday, January 4th. Deutsche Bank set a $10.00 price target on shares of Sunrun and gave the company a buy rating in a research note on Monday, January 22nd. Finally, Bank of America assumed coverage on shares of Sunrun in a research note on Monday, November 6th. They issued a buy rating on the stock. One equities research analyst has rated the stock with a sell rating, seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $8.21.

Sunrun (RUN) opened at $5.37 on Wednesday. The company has a market cap of $571.89, a P/E ratio of 6.13, a price-to-earnings-growth ratio of 0.14 and a beta of -0.48. Sunrun has a one year low of $4.21 and a one year high of $7.78. The company has a quick ratio of 0.60, a current ratio of 0.72 and a debt-to-equity ratio of 0.89.

Sunrun (NASDAQ:RUN) last announced its quarterly earnings results on Wednesday, November 8th. The energy company reported $0.25 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.11. The company had revenue of $141.29 million for the quarter, compared to analyst estimates of $146.56 million. Sunrun had a net margin of 18.79% and a return on equity of 9.25%. The firm’s revenue was up 26.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.16 earnings per share. equities research analysts anticipate that Sunrun will post 0.95 EPS for the current fiscal year.

Several hedge funds have recently bought and sold shares of the company. Jennison Associates LLC acquired a new stake in shares of Sunrun during the fourth quarter worth $5,704,000. Uniplan Investment Counsel Inc. lifted its holdings in shares of Sunrun by 136.7% during the third quarter. Uniplan Investment Counsel Inc. now owns 1,379,779 shares of the energy company’s stock worth $7,657,000 after purchasing an additional 796,912 shares during the period. Point72 Asset Management L.P. acquired a new stake in shares of Sunrun during the third quarter worth $2,642,000. Precocity Capital LP acquired a new stake in shares of Sunrun during the third quarter worth $2,220,000. Finally, Vanguard Group Inc. lifted its holdings in shares of Sunrun by 6.7% during the second quarter. Vanguard Group Inc. now owns 5,853,579 shares of the energy company’s stock worth $41,677,000 after purchasing an additional 369,721 shares during the period. 78.69% of the stock is owned by institutional investors and hedge funds.

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About Sunrun

Sunrun Inc is engaged in the design, development, installation, sale, ownership and maintenance of residential solar energy systems (Projects) in the United States. The Company is engaged in providing solar energy services and products to its customers. As of December 31, 2016, it operated a fleet of residential solar energy systems in the United States, with approximately 134,000 customers across 16 states, as well as the District of Columbia.

Analyst Recommendations for Sunrun (NASDAQ:RUN)

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