Zacks Investment Research upgraded shares of Sunrun (NASDAQ:RUN) from a hold rating to a strong-buy rating in a report published on Saturday. The firm currently has $6.75 price target on the energy company’s stock.

According to Zacks, “Sunrun Inc. develops, owns, manages and sells residential solar energy systems. The Company provides solar service offerings through channels consists of direct-to-consumer channel, solar partner channel and strategic partnership channel. It also develops and sells mounting structures through the installation and distribution operations under the SnapNrack brand. The Company operates primarily in Arizona, California, Delaware, Colorado, Connecticut, Hawaii, Maryland, Massachusetts, Nevada, New Hampshire, New Jersey, New York, Oregon, Pennsylvania and South Carolina, as well as the District of Columbia. Sunrun Inc. is headquartered in San Francisco, California. “

Several other analysts also recently weighed in on the company. Oppenheimer restated a buy rating and set a $10.00 target price on shares of Sunrun in a research note on Thursday, November 9th. Bank of America assumed coverage on Sunrun in a research note on Monday, November 6th. They set a buy rating for the company. Finally, BidaskClub upgraded Sunrun from a sell rating to a hold rating in a research note on Tuesday, October 31st. One investment 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’s stock. The company has a consensus rating of Buy and an average price target of $7.95.

Sunrun (NASDAQ RUN) traded up $0.02 on Friday, 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 P/E ratio of 6.83, a PEG ratio of 0.15 and a beta of -0.70. Sunrun has a 52 week low of $4.21 and a 52 week high of $7.78. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.60 and a current ratio of 0.72.

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

A number of large investors have recently made changes to their positions in RUN. Suntrust Banks Inc. bought a new stake in Sunrun during the 2nd quarter valued at approximately $112,000. Russell Investments Group Ltd. bought a new stake in shares of Sunrun in the 3rd quarter worth approximately $123,000. Citigroup Inc. lifted its position in shares of Sunrun by 760.3% in the 2nd quarter. Citigroup Inc. now owns 18,678 shares of the energy company’s stock worth $133,000 after acquiring an additional 16,507 shares during the period. Legal & General Group Plc lifted its position in shares of Sunrun by 16.3% in the 2nd quarter. Legal & General Group Plc now owns 19,795 shares of the energy company’s stock worth $141,000 after acquiring an additional 2,768 shares during the period. Finally, Dynamic Technology Lab Private Ltd lifted its position in shares of Sunrun by 30.0% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 22,241 shares of the energy company’s stock worth $159,000 after acquiring an additional 5,134 shares during the period. Hedge funds and other institutional investors own 77.65% of the company’s stock.

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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.

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