Sunrun (NASDAQ:RUN) Upgraded to Sell at StockNews.com

Sunrun (NASDAQ:RUN) was upgraded by StockNews.com to a “sell” rating in a research note issued on Friday.

Other equities research analysts also recently issued reports about the company. Barclays dropped their target price on Sunrun from $19.00 to $18.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 16th. Roth Mkm reduced 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. Oppenheimer decreased their price objective on shares of Sunrun from $22.00 to $20.00 and set an “outperform” rating for the company in a report on Friday, November 8th. Glj Research restated a “sell” rating and issued a $7.78 target price on shares of Sunrun in a research note on Thursday, November 7th. Finally, Susquehanna lowered their price target on shares of Sunrun from $24.00 to $23.00 and set a “positive” rating for the company in a research report on Wednesday, October 16th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, Sunrun currently has a consensus rating of “Hold” and a consensus price target of $19.21.

Sunrun Trading Down 0.2 %

NASDAQ RUN opened at $9.13 on Friday. The company’s 50 day moving average price is $12.09 and its 200 day moving average price is $15.12. Sunrun has a one year low of $9.08 and a one year 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. The firm has a market capitalization of $2.05 billion, a price-to-earnings ratio of -5.02 and a beta of 2.54.

Insider Transactions at Sunrun

In other Sunrun news, insider Jeanna Steele sold 2,624 shares of the firm’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $16.35, for a total transaction of $42,902.40. Following the transaction, the insider now directly owns 305,636 shares in the company, valued at $4,997,148.60. This trade represents a 0.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CRO Paul S. Dickson sold 4,017 shares of the company’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $16.35, for a total transaction of $65,677.95. Following the sale, the executive now directly owns 423,866 shares of the company’s stock, valued at approximately $6,930,209.10. This represents a 0.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 169,691 shares of company stock valued at $2,011,601 over the last three months. Company insiders own 3.77% of the company’s stock.

Institutional Trading of Sunrun

Several institutional investors have recently made changes to their positions in RUN. Erste Asset Management GmbH bought a new position in shares of Sunrun in the third quarter valued at approximately $76,152,000. Sylebra Capital LLC bought a new position in shares of Sunrun in the 2nd quarter valued at about $35,387,000. Greenvale Capital LLP grew its holdings in Sunrun by 20.5% during the 2nd quarter. Greenvale Capital LLP now owns 11,750,000 shares of the energy company’s stock worth $139,355,000 after acquiring an additional 2,000,000 shares during the period. FMR LLC grew its stake in shares of Sunrun by 83.6% during the third quarter. FMR LLC now owns 3,430,327 shares of the energy company’s stock worth $61,952,000 after purchasing an additional 1,562,163 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in shares of Sunrun by 113.5% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,515,302 shares of the energy company’s stock worth $45,426,000 after buying an additional 1,337,302 shares during the period. 91.69% of the stock is currently owned by institutional investors and hedge funds.

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.