Research analysts at Barclays initiated coverage on shares of Sunrun (NASDAQ:RUN) in a research note issued on Thursday, The Fly reports. The brokerage set an “overweight” rating and a $21.00 price target on the energy company’s stock. Barclays‘s target price suggests a potential upside of 42.18% from the company’s current price.

Several other research firms have also recently commented on RUN. Zacks Investment Research cut Sunrun from a “strong-buy” rating to a “hold” rating in a report on Tuesday. BidaskClub cut Sunrun from a “strong-buy” rating to a “buy” rating in a report on Tuesday. 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. Finally, TheStreet cut Sunrun from a “b-” rating to a “c+” rating in a report on Friday, March 29th. Three investment 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 an average rating of “Buy” and a consensus price target of $18.94.

Shares of RUN stock opened at $14.77 on Thursday. The company has a current ratio of 1.37, a quick ratio of 1.15 and a debt-to-equity ratio of 1.64. Sunrun has a fifty-two week low of $8.81 and a fifty-two week high of $17.44. The stock has a market capitalization of $1.70 billion, a price-to-earnings ratio of 64.22, a PEG ratio of 1.01 and a beta of 0.58.

Sunrun (NASDAQ:RUN) last announced its earnings results on Wednesday, May 8th. The energy company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.43). Sunrun had a negative net margin of 1.88% and a negative return on equity of 1.19%. The business had revenue of $194.50 million for the quarter, compared to the consensus estimate of $152.90 million. Equities research analysts expect that Sunrun will post 1.18 earnings per share for the current fiscal year.

In other Sunrun news, major shareholder Tiger Global Management Llc purchased 766,201 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was purchased at an average cost of $16.26 per share, with a total value of $12,458,428.26. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, General Counsel Jeanna Steele sold 4,657 shares of the firm’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $14.58, for a total value of $67,899.06. Following the sale, the general counsel now directly owns 112,812 shares of the company’s stock, valued at $1,644,798.96. The disclosure for this sale can be found here. Insiders have sold a total of 490,540 shares of company stock valued at $7,916,585 over the last ninety days. Insiders own 9.34% of the company’s stock.

Several large investors have recently bought and sold shares of RUN. FMR LLC lifted its holdings in Sunrun by 0.9% during the fourth quarter. FMR LLC now owns 16,777,863 shares of the energy company’s stock worth $182,711,000 after acquiring an additional 141,866 shares in the last quarter. Vanguard Group Inc. raised 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 purchasing an additional 618,002 shares during the period. Vanguard Group Inc raised 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 purchasing an additional 618,002 shares during the period. BlackRock Inc. raised its stake in shares of Sunrun by 0.3% in the 1st quarter. BlackRock Inc. now owns 6,748,435 shares of the energy company’s stock valued at $94,885,000 after purchasing an additional 22,508 shares during the period. Finally, Neuberger Berman Group LLC raised its stake in shares of Sunrun by 5.4% in the 1st quarter. Neuberger Berman Group LLC now owns 3,912,073 shares of the energy company’s stock valued at $55,003,000 after purchasing an additional 200,636 shares during the period. Institutional investors and hedge funds own 84.91% of the company’s stock.

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 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.

Further Reading: Average Daily Trade Volume – What You Need to Know

The Fly

Analyst Recommendations for Sunrun (NASDAQ:RUN)

Receive News & Ratings for Sunrun Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sunrun and related companies with MarketBeat.com's FREE daily email newsletter.