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

Sunrun Inc. (NASDAQ:RUN) has been assigned an average rating of “Moderate Buy” from the twenty-two research firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $19.16.

Several equities analysts recently issued reports on RUN shares. Wells Fargo & Company cut their target price on Sunrun from $15.00 to $12.00 and set an “overweight” rating on the stock in a research report on Wednesday. Truist Financial reissued a “hold” rating and issued a $12.00 price objective (down from $18.00) on shares of Sunrun in a report on Tuesday, November 12th. BMO Capital Markets decreased their target price on Sunrun from $20.00 to $11.00 and set a “market perform” rating for the company in a report on Monday, November 11th. Roth Mkm dropped their target price on Sunrun from $35.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. Finally, Morgan Stanley reduced their price target on shares of Sunrun from $35.00 to $27.00 and set an “overweight” rating for the company in a research report on Friday, November 15th.

Insider Transactions at Sunrun

In other Sunrun news, CFO Danny Abajian sold 3,734 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $11.18, for a total value of $41,746.12. Following the completion of the sale, the chief financial officer now directly owns 257,969 shares in the company, valued at $2,884,093.42. This represents a 1.43 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO Paul S. Dickson sold 2,968 shares of Sunrun stock in a transaction on Monday, January 6th. The stock was sold at an average price of $11.18, for a total value of $33,182.24. Following the transaction, the executive now owns 418,492 shares in the company, valued at approximately $4,678,740.56. This represents a 0.70 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 164,830 shares of company stock valued at $1,864,647. Corporate insiders own 3.77% of the company’s stock.

Hedge Funds Weigh In On Sunrun

Large investors have recently modified their holdings of the business. Erste Asset Management GmbH acquired a new position in Sunrun in the 3rd quarter valued at about $76,152,000. Sylebra Capital LLC acquired a new position in shares of Sunrun in the second quarter valued at approximately $35,387,000. Greenvale Capital LLP increased its stake 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 buying an additional 2,000,000 shares during the period. FMR LLC lifted its holdings in Sunrun by 83.6% during the 3rd quarter. FMR LLC now owns 3,430,327 shares of the energy company’s stock worth $61,952,000 after buying an additional 1,562,163 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in 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 in the last quarter. Institutional investors and hedge funds own 91.69% of the company’s stock.

Sunrun Stock Performance

Shares of RUN opened at $10.75 on Thursday. The company has a current ratio of 1.47, a quick ratio of 1.15 and a debt-to-equity ratio of 1.92. The firm has a market cap of $2.41 billion, a PE ratio of -5.91 and a beta of 2.58. Sunrun has a 12 month low of $9.01 and a 12 month high of $22.26. The stock has a fifty day moving average price of $10.86 and a 200-day moving average price of $14.78.

About Sunrun

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.