Sunrun (NASDAQ:RUN) announced its quarterly earnings results on Wednesday. The energy company reported ($0.12) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.43), Morningstar.com reports. Sunrun had a net margin of 3.51% and a return on equity of 2.09%. The company had revenue of $194.50 million during the quarter, compared to analyst estimates of $152.90 million.
Shares of RUN stock traded down $0.77 during trading hours on Friday, hitting $14.76. 19,934 shares of the company’s stock were exchanged, compared to its average volume of 1,151,815. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.24 and a quick ratio of 1.03. The company has a market cap of $1.73 billion, a price-to-earnings ratio of 65.04, a PEG ratio of 0.97 and a beta of 0.58. Sunrun has a fifty-two week low of $8.81 and a fifty-two week high of $17.44.
In related news, Chairman Edward Harris Fenster sold 3,510 shares of the business’s stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $17.01, for a total transaction of $59,705.10. Following the completion of the sale, the chairman now directly owns 2,460,681 shares in the company, valued at $41,856,183.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Jeanna Steele sold 4,657 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $14.58, for a total value of $67,899.06. Following the sale, the general counsel now owns 112,812 shares of the company’s stock, valued at $1,644,798.96. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 631,278 shares of company stock valued at $10,032,674. Corporate insiders own 9.34% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the stock. Benjamin F. Edwards & Company Inc. purchased a new stake in Sunrun in the 4th quarter valued at $27,000. Trust Co. of Vermont grew its holdings in Sunrun by 500.6% in the 4th quarter. Trust Co. of Vermont now owns 3,111 shares of the energy company’s stock valued at $34,000 after buying an additional 2,593 shares in the last quarter. Rehmann Capital Advisory Group grew its holdings in Sunrun by 363.8% in the 4th quarter. Rehmann Capital Advisory Group now owns 3,789 shares of the energy company’s stock valued at $41,000 after buying an additional 2,972 shares in the last quarter. Bank of Montreal Can grew its holdings in Sunrun by 1,008.2% in the 4th quarter. Bank of Montreal Can now owns 7,403 shares of the energy company’s stock valued at $81,000 after buying an additional 6,735 shares in the last quarter. Finally, NumerixS Investment Technologies Inc grew its holdings in Sunrun by 54.7% in the 4th quarter. NumerixS Investment Technologies Inc now owns 9,900 shares of the energy company’s stock valued at $105,000 after buying an additional 3,500 shares in the last quarter. Hedge funds and other institutional investors own 84.78% of the company’s stock.
RUN has been the subject of a number of analyst reports. BidaskClub raised Sunrun from a “buy” rating to a “strong-buy” rating in a report on Tuesday, January 29th. ValuEngine raised Sunrun from a “buy” rating to a “strong-buy” rating in a report on Friday, March 1st. Credit Suisse Group set a $24.00 price target on Sunrun and gave the company a “buy” rating in a report on Friday, March 1st. Zacks Investment Research raised Sunrun from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research note on Wednesday, March 6th. Finally, TheStreet downgraded Sunrun from a “b-” rating to a “c+” rating in a research note on Friday, March 29th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the stock. Sunrun has an average rating of “Buy” and a consensus price target of $18.64.
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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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