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

Shares of Sunrun Inc. (NASDAQ:RUN) have been given a consensus recommendation of “Moderate Buy” by the twenty-one brokerages that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $17.20.

A number of research analysts have weighed in on the stock. BNP Paribas raised shares of Sunrun from a “neutral” rating to an “outperform” rating and set a $16.00 price target on the stock in a research note on Tuesday, January 7th. Wells Fargo & Company cut their price objective on shares of Sunrun from $15.00 to $12.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Jefferies Financial Group cut Sunrun from a “buy” rating to a “hold” rating and lowered their target price for the stock from $14.00 to $8.00 in a report on Wednesday, March 12th. Roth Capital set a $20.00 price target on Sunrun in a report on Friday, February 28th. Finally, UBS Group decreased their price objective on Sunrun from $17.00 to $15.00 and set a “buy” rating for the company in a report on Tuesday, March 4th.

Sunrun Stock Down 3.2 %

Shares of Sunrun stock opened at $6.38 on Tuesday. Sunrun has a 1 year low of $5.93 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. The company has a market capitalization of $1.44 billion, a P/E ratio of -3.51 and a beta of 2.84. The business has a 50-day moving average of $8.16 and a two-hundred day moving average of $11.53.

Insider Buying and Selling at Sunrun

In related news, CEO Mary Powell sold 4,350 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $11.18, for a total transaction of $48,633.00. Following the sale, the chief executive officer now owns 560,321 shares of the company’s stock, valued at $6,264,388.78. This represents a 0.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Edward Harris Fenster bought 150,000 shares of the company’s stock in a transaction dated Monday, March 3rd. The stock was purchased at an average price of $6.80 per share, with a total value of $1,020,000.00. Following the completion of the transaction, the director now directly owns 1,358,182 shares in the company, valued at approximately $9,235,637.60. This represents a 12.42 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold 121,466 shares of company stock worth $1,136,397 over the last 90 days. Company insiders own 3.77% of the company’s stock.

Hedge Funds Weigh In On Sunrun

A number of institutional investors have recently added to or reduced their stakes in RUN. Aster Capital Management DIFC Ltd acquired a new position in shares of Sunrun during the fourth quarter worth $29,000. Newbridge Financial Services Group Inc. increased its holdings in Sunrun by 133.3% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 3,500 shares of the energy company’s stock worth $32,000 after purchasing an additional 2,000 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Sunrun in the 3rd quarter worth about $44,000. Summit Securities Group LLC acquired a new position in shares of Sunrun in the fourth quarter valued at approximately $53,000. Finally, Union Bancaire Privee UBP SA acquired a new position in shares of Sunrun in the fourth quarter valued at approximately $56,000. 91.69% of the stock is currently owned by institutional investors and hedge funds.

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.