Sunrun’s (RUN) “Hold” Rating Reaffirmed at Truist Financial

Truist Financial reissued their hold rating on shares of Sunrun (NASDAQ:RUN) in a research report report published on Monday,Benzinga reports. Truist Financial currently has a $9.00 price target on the energy company’s stock, down from their previous price target of $12.00.

A number of other brokerages have also recently issued reports on RUN. Glj Research reaffirmed a “sell” rating and issued a $7.78 target price on shares of Sunrun in a report on Thursday, November 7th. TD Cowen reduced their price objective on Sunrun from $18.00 to $14.00 and set a “buy” rating for the company in a report on Friday. Piper Sandler lowered Sunrun from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $23.00 to $11.00 in a report on Friday, November 22nd. Morgan Stanley cut their price target on Sunrun from $35.00 to $27.00 and set an “overweight” rating for the company in a research note on Friday, November 15th. Finally, StockNews.com raised shares of Sunrun to a “sell” rating in a research note on Friday, December 20th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $17.61.

Sunrun Stock Performance

Shares of RUN opened at $6.17 on Monday. The company has a quick ratio of 1.15, a current ratio of 1.47 and a debt-to-equity ratio of 1.92. Sunrun has a 52-week low of $6.00 and a 52-week high of $22.26. The company has a 50-day simple moving average of $9.20 and a 200-day simple moving average of $12.94. The company has a market capitalization of $1.38 billion, a PE ratio of -3.39 and a beta of 2.59.

Insider Buying and Selling

In other Sunrun news, CEO Mary Powell sold 4,350 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now owns 560,321 shares of the company’s stock, valued at $6,264,388.78. This trade represents a 0.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Danny Abajian sold 3,734 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 $41,746.12. Following the sale, the chief financial officer now directly owns 257,969 shares of the company’s stock, valued at $2,884,093.42. This represents a 1.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 163,064 shares of company stock worth $1,551,556. 3.77% of the stock is owned by company insiders.

Hedge Funds Weigh In On Sunrun

Several hedge funds and other institutional investors have recently modified their holdings of RUN. Sylebra Capital LLC raised 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 buying an additional 3,699,405 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Sunrun by 8.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 662,211 shares of the energy company’s stock valued at $6,125,000 after acquiring an additional 52,176 shares during the period. Vident Advisory LLC lifted its holdings in shares of Sunrun by 76.9% during the 4th quarter. Vident Advisory LLC now owns 20,219 shares of the energy company’s stock valued at $187,000 after acquiring an additional 8,792 shares in the last quarter. Teza Capital Management LLC raised its position in Sunrun by 12.9% in the fourth quarter. Teza Capital Management LLC now owns 44,677 shares of the energy company’s stock valued at $413,000 after purchasing an additional 5,121 shares during the period. Finally, Raiffeisen Bank International AG acquired a new position in shares of Sunrun during the fourth quarter worth about $2,363,000. 91.69% of the stock is 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.