Sunrun Inc. (NASDAQ:RUN) Receives $17.20 Average Price Target from Analysts

Sunrun Inc. (NASDAQ:RUN) has earned an average recommendation of “Moderate Buy” from the twenty-one research firms that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $17.20.

A number of analysts have issued reports on RUN shares. BMO Capital Markets cut their target price on Sunrun from $11.00 to $9.00 and set a “market perform” rating on the stock in a research report on Monday, March 3rd. UBS Group decreased their target price on Sunrun from $17.00 to $15.00 and set a “buy” rating on the stock in a research note on Tuesday, March 4th. JPMorgan Chase & Co. dropped their target price on Sunrun from $22.00 to $18.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd. BNP Paribas upgraded 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. Finally, Roth Capital set a $20.00 price objective on shares of Sunrun in a research note on Friday, February 28th.

Insider Buying and Selling at Sunrun

In related news, CRO Paul S. Dickson sold 2,968 shares of Sunrun stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $11.18, for a total value of $33,182.24. Following the sale, the executive now directly owns 418,492 shares in the company, valued at $4,678,740.56. The trade was a 0.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Edward Harris Fenster acquired 150,000 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The shares were acquired at an average cost of $6.80 per share, for a total transaction of $1,020,000.00. Following the acquisition, the director now directly owns 1,358,182 shares of the company’s stock, valued at $9,235,637.60. This trade represents a 12.42 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 121,466 shares of company stock worth $1,136,397. 3.77% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Sunrun

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

Sunrun Price Performance

RUN stock opened at $6.01 on Tuesday. Sunrun has a 52-week low of $5.91 and a 52-week high of $22.26. The business has a fifty day moving average of $7.96 and a two-hundred day moving average of $11.38. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of -3.30 and a beta of 2.84. The company has a quick ratio of 1.15, a current ratio of 1.47 and a debt-to-equity ratio of 1.92.

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.