Trading Report: The Sunrun’s (RUN) Buy Rating Reiterate at Goldman Sachs Group Inc.

The Sunrun’s (RUN) Buy Rating Reiterate at Goldman Sachs Group Inc.

Goldman Sachs Group Inc. reiterated their buy rating on shares of Sunrun Inc. (NASDAQ:RUN) in a report released on Wednesday morning. They currently have a $10.00 price objective on the stock.

RUN has been the topic of a number of other reports. JMP Securities started coverage on Sunrun in a research note on Thursday, September 8th. They issued an outperform rating and a $8.50 price target on the stock. Zacks Investment Research cut Sunrun from a buy rating to a hold rating in a research note on Saturday, July 9th. Morgan Stanley restated an overweight rating and issued a $8.00 price target (down from $19.00) on shares of Sunrun in a research note on Wednesday, August 3rd. Deutsche Bank AG restated a buy rating and issued a $15.00 price target on shares of Sunrun in a research note on Monday, August 15th. Finally, Oppenheimer Holdings Inc. restated an outperform rating and issued a $9.00 price target (up from $8.00) on shares of Sunrun in a research note on Monday, August 15th. One research analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of Buy and an average price target of $11.59.

Sunrun (NASDAQ:RUN) opened at 5.18 on Wednesday. The stock has a 50 day moving average price of $6.07 and a 200 day moving average price of $6.10. The firm has a market cap of $533.91 million, a PE ratio of 156.97 and a beta of -1.21. Sunrun has a one year low of $4.86 and a one year high of $14.95.

Sunrun (NASDAQ:RUN) last posted its quarterly earnings results on Thursday, August 11th. The company reported $0.31 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.40) by $0.71. Sunrun had a return on equity of 4.04% and a net margin of 6.94%. The company had revenue of $122.50 million for the quarter, compared to analysts’ expectations of $111.15 million. During the same period last year, the firm earned $0.29 earnings per share. Sunrun’s quarterly revenue was up 68.6% on a year-over-year basis. Equities research analysts expect that Sunrun will post ($0.08) EPS for the current year.

In other Sunrun news, major shareholder Foundation Capital Vi Principa sold 42,306 shares of Sunrun stock in a transaction that occurred on Tuesday, September 13th. The stock was sold at an average price of $5.82, for a total value of $246,220.92. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder William B. Elmore sold 27,384 shares of Sunrun stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $6.06, for a total value of $165,947.04. The disclosure for this sale can be found here. Corporate insiders own 42.19% of the company’s stock.

A number of large investors have recently made changes to their positions in the stock. FMR LLC raised its stake in shares of Sunrun by 774.2% in the second quarter. FMR LLC now owns 11,774,200 shares of the company’s stock worth $69,821,000 after buying an additional 10,427,339 shares in the last quarter. DnB Asset Management AS raised its stake in shares of Sunrun by 23.2% in the third quarter. DnB Asset Management AS now owns 4,021,500 shares of the company’s stock worth $25,295,000 after buying an additional 757,199 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Sunrun by 14.1% in the second quarter. Vanguard Group Inc. now owns 3,662,950 shares of the company’s stock worth $21,722,000 after buying an additional 452,128 shares in the last quarter. DNB Asset Management AS raised its stake in shares of Sunrun by 22.8% in the second quarter. DNB Asset Management AS now owns 3,264,301 shares of the company’s stock worth $19,357,000 after buying an additional 606,153 shares in the last quarter. Finally, Quentec Asset Management LLC raised its stake in shares of Sunrun by 23.7% in the second quarter. Quentec Asset Management LLC now owns 3,101,769 shares of the company’s stock worth $18,394,000 after buying an additional 594,909 shares in the last quarter. 67.01% of the stock is currently owned by institutional investors.

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