Sunrun (RUN) Downgraded by TheStreet to C+

TheStreet lowered shares of Sunrun (NASDAQ:RUN) from a b- rating to a c+ rating in a research report sent to investors on Friday morning, TheStreetRatingsTable reports.

Several other research analysts also recently weighed in on RUN. Zacks Investment Research upgraded shares of Sunrun from a hold rating to a buy rating and set a $18.00 price target for the company in a research report on Wednesday, March 6th. ValuEngine downgraded shares of Sunrun from a strong-buy rating to a buy rating in a research report on Thursday, December 20th. BidaskClub downgraded shares of Sunrun from a strong-buy rating to a buy rating in a research report on Friday, December 21st. Finally, Credit Suisse Group set a $24.00 price target on shares of Sunrun and gave the stock a buy rating in a research report on Friday, March 1st. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Sunrun has a consensus rating of Buy and an average price target of $16.94.

RUN stock opened at $14.20 on Friday. The company has a debt-to-equity ratio of 1.61, a quick ratio of 1.03 and a current ratio of 1.24. Sunrun has a 52-week low of $8.01 and a 52-week high of $17.09. The stock has a market cap of $1.60 billion, a PE ratio of 61.74, a PEG ratio of 0.57 and a beta of 0.56.

Sunrun (NASDAQ:RUN) last posted its earnings results on Thursday, February 28th. The energy company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.51). Sunrun had a return on equity of 2.09% and a net margin of 3.51%. The firm had revenue of $240.12 million for the quarter, compared to analysts’ expectations of $177.45 million. Sell-side analysts forecast that Sunrun will post 1.18 earnings per share for the current fiscal year.

In other Sunrun news, Director Steven Vassallo sold 7,726 shares of the stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $16.00, for a total value of $123,616.00. Following the completion of the sale, the director now owns 39,810 shares in the company, valued at approximately $636,960. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Jeanna Steele sold 4,657 shares of the stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $14.58, for a total transaction of $67,899.06. Following the completion of the sale, the general counsel now owns 112,812 shares of the company’s stock, valued at approximately $1,644,798.96. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 578,290 shares of company stock valued at $9,129,864. Insiders own 19.45% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in RUN. FMR LLC grew its stake in shares of Sunrun by 0.9% in the 4th quarter. FMR LLC now owns 16,777,863 shares of the energy company’s stock valued at $182,711,000 after buying an additional 141,866 shares during the period. Vanguard Group Inc. grew its stake in shares of Sunrun by 8.8% in the 3rd quarter. Vanguard Group Inc. now owns 7,664,932 shares of the energy company’s stock valued at $95,351,000 after buying an additional 618,002 shares during the period. Vanguard Group Inc grew its stake in shares of Sunrun by 8.8% in the 3rd quarter. Vanguard Group Inc now owns 7,664,932 shares of the energy company’s stock valued at $95,351,000 after buying an additional 618,002 shares during the period. BlackRock Inc. grew its stake in shares of Sunrun by 4.8% in the 4th quarter. BlackRock Inc. now owns 6,725,927 shares of the energy company’s stock valued at $73,246,000 after buying an additional 306,011 shares during the period. Finally, Millennium Management LLC grew its stake in shares of Sunrun by 147.8% in the 4th quarter. Millennium Management LLC now owns 2,946,325 shares of the energy company’s stock valued at $32,085,000 after buying an additional 1,757,496 shares during the period. Institutional investors own 85.56% of the company’s stock.

Sunrun Company Profile

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 energy systems and products, such as panels and racking, as well as solar leads generated to customers. The company markets and sells its products through direct-to-consumer approach across online, retail, mass media, digital media, canvassing, field marketing, and referral channels, as well as its partner network.

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Analyst Recommendations for Sunrun (NASDAQ:RUN)

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