UBS Upgrades Sunrun Inc to Buy

Brokerage firm UBS Upgrades its rating on Sunrun Inc(RUN). The shares have been rated Buy. Previously, the analysts had a Neutral rating on the shares. The rating by the stock financial advisor at UBS was issued on Mar 22, 2017 in a research report to their Investors and Clients.

Sunrun Inc (RUN) made into the market gainers list on Fridays trading session with the shares advancing 1.45% or 0.07 points. Due to strong positive momentum, the stock ended at $4.91, which is also near the day’s high of $4.99. The stock began the session at $4.85 and the volume stood at 9,37,395 shares. The 52-week high of the shares is $8.45 and the 52 week low is $4.15. The company has a current market capitalization of $514 M and it has 10,46,39,279 shares in outstanding.

Sunrun Inc(RUN) last announced its earnings results on Mar 8, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $120.584M. Analysts had an estimated revenue of $125.000M. Earnings per share were $0.27. Analysts had estimated an EPS of $0.05.

Several Insider Transactions has been reported to the SEC. On Sep 13, 2016, Steven Vassallo (director 10% owner) sold 755 shares at $5.73 per share price.Also, On Jun 1, 2016, Edward Harris Fenster (Chairman) sold 40,000 shares at $6.41 per share price.

Sunrun Inc. provides solar energy to homeowners. The Company either directly or through one of its solar partners installs a solar energy system on a customer’s home and either sells the system to the homeowner or as is more often the case sells the energy generated by the system to the homeowner pursuant to a lease or power purchase agreement (PPA). The Company’s core solar product offerings are provided through a lease or a power purchase agreement which are substantially similar to one another. The Company provides solar service offerings through three channels: its direct-to-consumer channel; its solar partner channel that originates customers for its solar service offerings procures and installs solar energy systems on its customers’ homes on its behalf and a growing set of strategic relationships with recognized non-solar brands. With its solar service offerings the Company installs solar energy systems on its customers’ homes and sells them the solar power.

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