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

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

A number of brokerages have issued reports on RUN. Wells Fargo & Company decreased their price target on Sunrun from $15.00 to $12.00 and set an “overweight” rating for the company in a report on Wednesday. Piper Sandler cut Sunrun from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $23.00 to $11.00 in a research note on Friday, November 22nd. BMO Capital Markets lowered their price target on Sunrun from $20.00 to $11.00 and set a “market perform” rating for the company in a report on Monday, November 11th. TD Cowen initiated coverage on shares of Sunrun in a report on Thursday, December 19th. They set a “buy” rating and a $21.00 price objective on the stock. Finally, Glj Research restated a “sell” rating and issued a $7.78 target price on shares of Sunrun in a report on Thursday, November 7th.

Insider Transactions at Sunrun

In other news, Director Lynn Michelle Jurich sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $14.60, for a total value of $730,000.00. Following the completion of the sale, the director now directly owns 1,142,446 shares of the company’s stock, valued at $16,679,711.60. This trade represents a 4.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CRO Paul S. Dickson sold 2,968 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $11.18, for a total value of $33,182.24. Following the completion of the transaction, the executive now owns 418,492 shares of the company’s stock, valued at $4,678,740.56. The trade was a 0.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 164,830 shares of company stock worth $1,864,647 over the last 90 days. 3.77% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of RUN. International Assets Investment Management LLC raised its position in Sunrun by 1,706.3% in the third quarter. International Assets Investment Management LLC now owns 1,734 shares of the energy company’s stock valued at $31,000 after purchasing an additional 1,638 shares during the period. Blue Trust Inc. grew its stake in shares of Sunrun by 385.5% in the third quarter. Blue Trust Inc. now owns 1,845 shares of the energy company’s stock valued at $33,000 after buying an additional 1,465 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Sunrun during the 3rd quarter valued at about $44,000. Redwood Wealth Management Group LLC acquired a new position in Sunrun during the 2nd quarter worth approximately $56,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in Sunrun in the 2nd quarter worth approximately $104,000. Institutional investors and hedge funds own 91.69% of the company’s stock.

Sunrun Price 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’s fifty day simple moving average is $10.86 and its 200-day simple moving average is $14.78. The firm has a market capitalization of $2.41 billion, a price-to-earnings ratio of -5.91 and a beta of 2.58. Sunrun has a twelve month low of $9.01 and a twelve month high of $22.26.

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.