Sunrun Inc. (NASDAQ:RUN) Receives $17.20 Consensus PT from Brokerages

Shares of Sunrun Inc. (NASDAQ:RUN) have been given a consensus recommendation of “Moderate Buy” by the twenty-one ratings firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and thirteen have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $17.20.

A number of equities analysts have recently weighed in on the stock. UBS Group cut their price objective on shares of Sunrun from $17.00 to $15.00 and set a “buy” rating for the company in a research report on Tuesday, March 4th. BNP Paribas upgraded Sunrun from a “neutral” rating to an “outperform” rating and set a $16.00 price target for the company in a report on Tuesday, January 7th. Truist Financial restated a “hold” rating and set a $9.00 price objective (down previously from $12.00) on shares of Sunrun in a report on Monday, March 3rd. Wells Fargo & Company dropped their target price on Sunrun from $15.00 to $12.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Finally, JPMorgan Chase & Co. decreased their price target on Sunrun from $22.00 to $18.00 and set an “overweight” rating on the stock in a research note on Thursday, January 23rd.

Insider Buying and Selling

In other news, 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 transaction, the chief financial officer now directly owns 257,969 shares of the company’s stock, valued at approximately $2,884,093.42. The trade was a 1.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Lynn Michelle Jurich sold 50,000 shares of Sunrun stock in a transaction on Friday, January 17th. The stock was sold at an average price of $9.59, for a total transaction of $479,500.00. Following the sale, the director now directly owns 991,753 shares in the company, valued at $9,510,911.27. This trade represents a 4.80 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 121,466 shares of company stock valued at $1,136,397. Company insiders own 3.77% of the company’s stock.

Institutional Investors Weigh In On Sunrun

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

Sunrun Trading Down 3.2 %

Shares of RUN stock opened at $6.01 on Tuesday. The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of -3.30 and a beta of 2.84. 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 50-day moving average price of $7.96 and a 200 day moving average price of $11.38. Sunrun has a twelve month low of $5.91 and a twelve month high of $22.26.

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.