Sunrun (RUN) Reaches New 1-Year High and Low at $13.90

Shares of Sunrun Inc (NASDAQ:RUN) hit a new 52-week high and low during mid-day trading on Tuesday . The stock traded as low as $13.90 and last traded at $13.96, with a volume of 180371 shares changing hands. The stock had previously closed at $12.77.

RUN has been the topic of several recent research reports. BidaskClub raised shares of Sunrun from a “sell” rating to a “hold” rating in a report on Saturday, February 17th. Roth Capital initiated coverage on shares of Sunrun in a research note on Thursday, March 1st. They set a “buy” rating and a $10.00 price objective on the stock. Zacks Investment Research downgraded shares of Sunrun from a “strong-buy” rating to a “sell” rating in a research note on Friday, March 9th. UBS Group initiated coverage on shares of Sunrun in a research note on Thursday, March 15th. They set a “buy” rating and a $8.00 price objective on the stock. Finally, Bank of America downgraded shares of Sunrun from a “buy” rating to an “underperform” rating in a research note on Friday, April 6th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. Sunrun has a consensus rating of “Buy” and an average target price of $10.08.

The company has a current ratio of 1.53, a quick ratio of 1.24 and a debt-to-equity ratio of 1.16. The company has a market cap of $1.38 billion, a PE ratio of 16.48, a P/E/G ratio of 0.76 and a beta of -0.86.

Sunrun (NASDAQ:RUN) last announced its quarterly earnings data on Wednesday, May 9th. The energy company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.01. Sunrun had a net margin of 24.53% and a return on equity of 9.34%. The business had revenue of $144.36 million for the quarter, compared to the consensus estimate of $134.98 million. During the same quarter in the prior year, the firm posted $0.12 earnings per share. The company’s quarterly revenue was up 37.4% compared to the same quarter last year. analysts anticipate that Sunrun Inc will post 1.21 earnings per share for the current fiscal year.

In other news, CEO Lynn Michelle Jurich sold 36,522 shares of the stock in a transaction on Monday, April 2nd. The shares were sold at an average price of $8.92, for a total value of $325,776.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Tiger Global Management Llc acquired 217,050 shares of the company’s stock in a transaction dated Friday, May 25th. The stock was acquired at an average cost of $10.86 per share, with a total value of $2,357,163.00. The disclosure for this purchase can be found here. Insiders have purchased 3,258,596 shares of company stock valued at $38,344,367 in the last ninety days. 19.45% of the stock is currently owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in RUN. Millennium Management LLC increased its position in shares of Sunrun by 99.1% in the first quarter. Millennium Management LLC now owns 3,998,203 shares of the energy company’s stock worth $35,704,000 after acquiring an additional 1,989,808 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Sunrun by 263.0% in the first quarter. JPMorgan Chase & Co. now owns 962,124 shares of the energy company’s stock worth $8,592,000 after acquiring an additional 697,044 shares in the last quarter. Handelsbanken Fonder AB increased its position in shares of Sunrun by 103.7% in the fourth quarter. Handelsbanken Fonder AB now owns 1,364,180 shares of the energy company’s stock worth $8,049,000 after acquiring an additional 694,402 shares in the last quarter. Guggenheim Capital LLC increased its position in shares of Sunrun by 31.2% in the fourth quarter. Guggenheim Capital LLC now owns 2,660,844 shares of the energy company’s stock worth $15,700,000 after acquiring an additional 632,070 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. increased its position in shares of Sunrun by 114.3% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 435,736 shares of the energy company’s stock worth $3,891,000 after acquiring an additional 232,397 shares in the last quarter. 81.10% of the stock is owned by institutional investors.

About Sunrun

Sunrun Inc engages in the design, development, installation, sale, ownership, and maintenance of residential solar energy systems in the United States. It also sells solar leads. The company markets and sells its products through direct channels, partner channels, mass media, digital media, canvassing, referral, retail, and field marketing.

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