Sunrun Inc. (NASDAQ:RUN) Receives Average Recommendation of “Moderate Buy” from Brokerages

Sunrun Inc. (NASDAQ:RUN) has been assigned an average rating of “Moderate Buy” from the twenty-two brokerages that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and twelve have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $20.12.

Several research analysts have issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of Sunrun from $19.00 to $22.00 and gave the stock an “overweight” rating in a report on Wednesday, August 7th. Roth Mkm cut their price target on shares of Sunrun from $35.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. The Goldman Sachs Group reissued a “buy” rating and issued a $20.00 price objective on shares of Sunrun in a research report on Wednesday, September 25th. Jefferies Financial Group decreased their target price on Sunrun from $31.00 to $29.00 and set a “buy” rating for the company in a research note on Thursday, October 10th. Finally, UBS Group boosted their price target on Sunrun from $14.00 to $18.00 and gave the company a “neutral” rating in a research note on Wednesday, August 7th.

Insider Buying and Selling at Sunrun

In related news, Director Lynn Michelle Jurich sold 50,000 shares of Sunrun stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $9.94, for a total value of $497,000.00. Following the completion of the sale, the director now owns 1,092,446 shares of the company’s stock, valued at approximately $10,858,913.24. This trade represents a 4.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Mary Powell sold 2,148 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $18.79, for a total value of $40,360.92. Following the completion of the sale, the chief executive officer now owns 579,193 shares in the company, valued at $10,883,036.47. This represents a 0.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 196,795 shares of company stock worth $3,071,225 in the last quarter. 3.77% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Sunrun

A number of large investors have recently made changes to their positions in RUN. International Assets Investment Management LLC grew its stake in Sunrun by 1,706.3% during the third quarter. International Assets Investment Management LLC now owns 1,734 shares of the energy company’s stock valued at $31,000 after acquiring an additional 1,638 shares in the last quarter. Blue Trust Inc. grew its position in shares of Sunrun by 385.5% during the 3rd quarter. Blue Trust Inc. now owns 1,845 shares of the energy company’s stock valued at $33,000 after purchasing an additional 1,465 shares in the last quarter. Duncker Streett & Co. Inc. bought a new position in shares of Sunrun in the second quarter worth $36,000. CWM LLC raised its position in shares of Sunrun by 883.9% in the second quarter. CWM LLC now owns 3,355 shares of the energy company’s stock worth $40,000 after buying an additional 3,014 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in Sunrun during the second quarter valued at $45,000. 91.69% of the stock is owned by institutional investors.

Sunrun Trading Down 3.0 %

Shares of NASDAQ RUN opened at $9.71 on Wednesday. The firm has a 50 day moving average price of $15.40 and a two-hundred day moving average price of $15.45. The stock has a market cap of $2.18 billion, a P/E ratio of -5.34 and a beta of 2.61. Sunrun has a 52-week low of $9.23 and a 52-week high of $22.26. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.15 and a current ratio of 1.47.

Sunrun Company Profile

Sunrun Inc designs, develops, installs, sells, owns, and maintains residential solar energy systems in the United States. It also sells solar energy systems and products, such as panels and racking; and solar leads generated to customers. In addition, the company offers battery storage along with solar energy systems; and sells services to commercial developers through multi-family and new homes.