Sunrun (NASDAQ:RUN) Raised to Buy at UBS Group

Sunrun (NASDAQ:RUN) was upgraded by stock analysts at UBS Group from a “neutral” rating to a “buy” rating in a research report issued on Friday, Marketbeat.com reports. The brokerage currently has a $17.00 price objective on the energy company’s stock, up from their previous price objective of $14.00. UBS Group’s price target would suggest a potential upside of 69.32% from the stock’s current price.

RUN has been the topic of several other reports. Oppenheimer reduced their target price on Sunrun from $22.00 to $20.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. Roth Mkm reduced their price objective on Sunrun from $35.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, November 8th. Truist Financial reaffirmed a “hold” rating and set a $12.00 price objective (down previously from $18.00) on shares of Sunrun in a report on Tuesday, November 12th. StockNews.com raised Sunrun to a “sell” rating in a report on Friday, December 20th. Finally, Morgan Stanley reduced their price objective on Sunrun from $35.00 to $27.00 and set an “overweight” rating on the stock in a report on Friday, November 15th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $19.31.

Sunrun Stock Down 6.6 %

NASDAQ RUN opened at $10.04 on Friday. 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 stock’s 50 day moving average is $10.69 and its two-hundred day moving average is $14.74. The company has a market capitalization of $2.25 billion, a price-to-earnings ratio of -5.52 and a beta of 2.58. Sunrun has a 1-year low of $9.01 and a 1-year high of $22.26.

Insider Activity at Sunrun

In other news, CEO Mary Powell sold 4,350 shares of the firm’s 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 directly owns 560,321 shares of the company’s stock, valued at approximately $6,264,388.78. This trade represents a 0.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lynn Michelle Jurich sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $14.60, for a total transaction of $730,000.00. Following the transaction, the director now owns 1,142,446 shares of the company’s stock, valued at approximately $16,679,711.60. This represents a 4.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 164,830 shares of company stock worth $1,864,647. Insiders own 3.77% of the company’s stock.

Institutional Trading of Sunrun

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Victory Capital Management Inc. grew its stake in shares of Sunrun by 1.5% in the second quarter. Victory Capital Management Inc. now owns 45,374 shares of the energy company’s stock worth $538,000 after purchasing an additional 691 shares during the last quarter. Creative Planning grew its stake in shares of Sunrun by 0.3% in the third quarter. Creative Planning now owns 290,259 shares of the energy company’s stock worth $5,242,000 after purchasing an additional 784 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of Sunrun by 1.8% in the third quarter. Van ECK Associates Corp now owns 50,105 shares of the energy company’s stock worth $905,000 after purchasing an additional 886 shares during the last quarter. 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 worth $33,000 after purchasing an additional 1,465 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV grew its stake in shares of Sunrun by 3.1% in the second quarter. Mercer Global Advisors Inc. ADV now owns 49,762 shares of the energy company’s stock worth $600,000 after purchasing an additional 1,485 shares during the last quarter. Institutional investors own 91.69% of the company’s stock.

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.