Sunrun Inc (NASDAQ:RUN) has earned an average rating of “Buy” from the nine analysts that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $7.95.

RUN has been the subject of several analyst reports. BidaskClub cut Sunrun from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Zacks Investment Research cut Sunrun from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Bank of America initiated coverage on Sunrun in a report on Monday, November 6th. They issued a “buy” rating for the company. Finally, Oppenheimer restated a “buy” rating and issued a $10.00 price objective on shares of Sunrun in a report on Thursday, November 9th.

A number of institutional investors have recently bought and sold shares of RUN. Schwab Charles Investment Management Inc. grew its holdings in Sunrun by 20.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 275,620 shares of the energy company’s stock worth $1,963,000 after purchasing an additional 47,082 shares during the period. First Trust Advisors LP grew its holdings in Sunrun by 18.4% during the second quarter. First Trust Advisors LP now owns 109,522 shares of the energy company’s stock worth $780,000 after purchasing an additional 16,996 shares during the period. Rhumbline Advisers grew its holdings in Sunrun by 49.9% during the second quarter. Rhumbline Advisers now owns 98,976 shares of the energy company’s stock worth $705,000 after purchasing an additional 32,942 shares during the period. Bank of New York Mellon Corp grew its holdings in Sunrun by 26.0% during the second quarter. Bank of New York Mellon Corp now owns 475,414 shares of the energy company’s stock worth $3,384,000 after purchasing an additional 98,008 shares during the period. Finally, Legal & General Group Plc grew its holdings in Sunrun by 16.3% during the second quarter. Legal & General Group Plc now owns 19,795 shares of the energy company’s stock worth $141,000 after purchasing an additional 2,768 shares during the period. Institutional investors and hedge funds own 77.65% of the company’s stock.

Shares of Sunrun (RUN) traded up $0.02 during midday trading on Tuesday, hitting $5.94. The stock had a trading volume of 919,568 shares, compared to its average volume of 747,565. The company has a market cap of $637.34, a PE ratio of 6.83, a price-to-earnings-growth ratio of 0.15 and a beta of -0.70. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.72 and a quick ratio of 0.60. Sunrun has a 12 month low of $4.21 and a 12 month high of $7.78.

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

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Sunrun Company Profile

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.

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