Sunrun Inc. (NASDAQ:RUN) Receives Consensus Rating of “Hold” from Analysts

Sunrun Inc. (NASDAQ:RUN) has been assigned a consensus rating of “Hold” from the twenty-two analysts that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $19.49.

Several equities research analysts have recently commented on RUN shares. Jefferies Financial Group reduced their target price on shares of Sunrun from $31.00 to $29.00 and set a “buy” rating on the stock in a research note on Thursday, October 10th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Sunrun from $12.00 to $16.50 and gave the company a “hold” rating in a research report on Thursday, August 8th. Morgan Stanley cut their target price on shares of Sunrun from $35.00 to $27.00 and set an “overweight” rating for the company in a research note on Friday, November 15th. The Goldman Sachs Group restated a “buy” rating and set a $20.00 price target on shares of Sunrun in a research report on Wednesday, September 25th. Finally, StockNews.com upgraded Sunrun to a “sell” rating in a research report on Friday, September 27th.

Sunrun Price Performance

Sunrun stock opened at $10.51 on Wednesday. The business has a 50 day simple moving average of $14.88 and a 200 day simple moving average of $15.41. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.47 and a quick ratio of 1.15. The company has a market capitalization of $2.36 billion, a PE ratio of -5.77 and a beta of 2.61. Sunrun has a one year low of $9.23 and a one year high of $22.26.

Insiders Place Their Bets

In other news, insider Jeanna Steele sold 2,357 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $18.23, for a total transaction of $42,968.11. Following the transaction, the insider now directly owns 308,260 shares of the company’s stock, valued at approximately $5,619,579.80. This trade represents a 0.76 % 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, CEO Mary Powell sold 2,148 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $18.79, for a total value of $40,360.92. Following the completion of the sale, the chief executive officer now owns 579,193 shares of the company’s stock, valued at approximately $10,883,036.47. This trade represents a 0.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 196,795 shares of company stock worth $3,071,225 in the last 90 days. Company insiders own 3.77% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. State Board of Administration of Florida Retirement System grew its stake in Sunrun by 2.4% during the first quarter. State Board of Administration of Florida Retirement System now owns 244,694 shares of the energy company’s stock worth $3,225,000 after buying an additional 5,679 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Sunrun by 14.0% during the 1st quarter. Vanguard Group Inc. now owns 22,325,106 shares of the energy company’s stock worth $294,245,000 after acquiring an additional 2,743,148 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its stake in Sunrun by 35.3% in the first quarter. CANADA LIFE ASSURANCE Co now owns 259,789 shares of the energy company’s stock valued at $3,423,000 after acquiring an additional 67,761 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in Sunrun by 16.2% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 559,438 shares of the energy company’s stock worth $7,373,000 after purchasing an additional 77,928 shares during the last quarter. Finally, Natixis boosted its holdings in shares of Sunrun by 86.1% in the 1st quarter. Natixis now owns 831,969 shares of the energy company’s stock valued at $10,965,000 after purchasing an additional 384,992 shares in the last quarter. Institutional investors and hedge funds 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.