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

Sunrun Inc. (NASDAQ:RUN) has earned a consensus rating of “Moderate Buy” from the twenty-one analysts that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have assigned a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $18.36.

Several equities research analysts recently weighed in on RUN shares. The Goldman Sachs Group decreased their target price on Sunrun from $19.00 to $17.00 and set a “buy” rating for the company in a research note on Tuesday, December 17th. BMO Capital Markets reduced their price objective on shares of Sunrun from $20.00 to $11.00 and set a “market perform” rating for the company in a research report on Monday, November 11th. UBS Group raised shares of Sunrun from a “neutral” rating to a “buy” rating and increased their target price for the company from $14.00 to $17.00 in a research report on Friday, January 10th. Piper Sandler cut shares of Sunrun from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $23.00 to $11.00 in a research report on Friday, November 22nd. Finally, BNP Paribas raised Sunrun from a “neutral” rating to an “outperform” rating and set a $16.00 price objective on the stock in a report on Tuesday, January 7th.

Sunrun Stock Down 5.7 %

Sunrun stock opened at $7.91 on Friday. The stock’s fifty day moving average is $9.33 and its two-hundred day moving average is $13.19. The stock has a market cap of $1.77 billion, a PE ratio of -4.35 and a beta of 2.59. Sunrun has a 1-year low of $7.87 and a 1-year high of $22.26. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.47 and a quick ratio of 1.15.

Insider Transactions at Sunrun

In other Sunrun news, CEO Mary Powell sold 4,350 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $11.18, for a total transaction of $48,633.00. Following the sale, the chief executive officer now directly owns 560,321 shares in the company, valued at approximately $6,264,388.78. The trade was a 0.77 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lynn Michelle Jurich sold 50,000 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $9.10, for a total transaction of $455,000.00. Following the completion of the transaction, the director now owns 941,753 shares of the company’s stock, valued at $8,569,952.30. This represents a 5.04 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 164,830 shares of company stock worth $1,572,147. Company insiders own 3.77% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Alyeska Investment Group L.P. boosted its stake in shares of Sunrun by 593.9% during the 4th quarter. Alyeska Investment Group L.P. now owns 12,028,454 shares of the energy company’s stock worth $111,263,000 after acquiring an additional 10,294,947 shares in the last quarter. Greenvale Capital LLP raised its holdings in Sunrun by 50.3% during the fourth quarter. Greenvale Capital LLP now owns 13,500,000 shares of the energy company’s stock worth $124,875,000 after purchasing an additional 4,516,793 shares during the last quarter. Erste Asset Management GmbH purchased a new stake in Sunrun during the third quarter worth $76,152,000. Sylebra Capital LLC grew its holdings in Sunrun by 124.0% in the fourth quarter. Sylebra Capital LLC now owns 6,683,162 shares of the energy company’s stock valued at $61,819,000 after purchasing an additional 3,699,405 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Sunrun in the fourth quarter valued at $31,022,000. 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.