Sunrun’s (RUN) “Buy” Rating Reiterated at Guggenheim

Guggenheim reaffirmed their buy rating on shares of Sunrun (NASDAQ:RUN) in a research note released on Thursday morning. Guggenheim currently has a $12.00 target price on the energy company’s stock.

Several other research firms also recently weighed in on RUN. Bank of America downgraded shares of Sunrun from a buy rating to an underperform rating in a research note on Friday, April 6th. Goldman Sachs raised their price target on shares of Sunrun from $10.00 to $12.00 and gave the stock a buy rating in a research note on Friday, April 6th. BidaskClub upgraded shares of Sunrun from a buy rating to a strong-buy rating in a research report on Friday, March 23rd. UBS initiated coverage on shares of Sunrun in a research report on Thursday, March 15th. They set a buy rating and a $8.00 price objective for the company. Finally, Roth Capital initiated coverage on shares of Sunrun in a research report on Thursday, March 1st. They set a buy rating and a $10.00 price objective for the company. Two investment analysts have rated the stock with a sell rating and ten have issued a buy rating to the company. Sunrun currently has a consensus rating of Buy and a consensus price target of $9.98.

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NASDAQ:RUN opened at $8.50 on Thursday. The company has a current ratio of 1.29, a quick ratio of 1.01 and a debt-to-equity ratio of 1.22. The stock has a market capitalization of $908.79, a PE ratio of 9.88, a price-to-earnings-growth ratio of 0.30 and a beta of -1.02. Sunrun has a twelve month low of $4.21 and a twelve month high of $10.16.

Sunrun (NASDAQ:RUN) last posted its quarterly earnings results on Tuesday, March 6th. The energy company reported $0.25 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.12). The business had revenue of $146.44 million during the quarter, compared to analysts’ expectations of $133.62 million. Sunrun had a return on equity of 8.54% and a net margin of 23.51%. research analysts anticipate that Sunrun will post 1.42 earnings per share for the current year.

In related news, CEO Lynn Michelle Jurich sold 36,522 shares of the firm’s stock in a transaction dated Monday, April 2nd. The shares were sold at an average price of $8.92, for a total transaction of $325,776.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 24.13% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Standard Life Aberdeen plc acquired a new stake in shares of Sunrun during the fourth quarter valued at about $121,000. Russell Investments Group Ltd. acquired a new stake in shares of Sunrun during the third quarter valued at about $123,000. Teacher Retirement System of Texas acquired a new stake in shares of Sunrun during the fourth quarter valued at about $140,000. Aperio Group LLC acquired a new stake in shares of Sunrun during the fourth quarter valued at about $153,000. Finally, IPG Investment Advisors LLC acquired a new stake in shares of Sunrun during the fourth quarter valued at about $159,000. Institutional investors and hedge funds own 80.90% 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.

Analyst Recommendations for Sunrun (NASDAQ:RUN)

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