Analysts Set Sunrun Inc. (NASDAQ:RUN) Price Target at $19.28

Shares of Sunrun Inc. (NASDAQ:RUN) have earned a consensus recommendation of “Hold” from the twenty-two brokerages that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and eleven have given a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $19.12.

RUN has been the subject of a number of research reports. Piper Sandler lowered Sunrun from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $23.00 to $11.00 in a research note on Friday, November 22nd. Jefferies Financial Group decreased their target price on Sunrun from $31.00 to $29.00 and set a “buy” rating for the company in a research note on Thursday, October 10th. Wells Fargo & Company dropped their price target on shares of Sunrun from $20.00 to $15.00 and set an “overweight” rating on the stock in a research report on Friday, November 8th. Susquehanna reduced their price objective on shares of Sunrun from $24.00 to $23.00 and set a “positive” rating for the company in a research report on Wednesday, October 16th. Finally, Barclays dropped their target price on shares of Sunrun from $19.00 to $18.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 16th.

Sunrun Trading Up 0.7 %

Shares of NASDAQ:RUN opened at $10.06 on Friday. Sunrun has a twelve month low of $9.23 and a twelve month high of $22.26. 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 market cap of $2.26 billion, a P/E ratio of -5.53 and a beta of 2.54. The company has a 50 day moving average of $12.50 and a 200-day moving average of $15.24.

Insiders Place Their Bets

In other news, insider Jeanna Steele sold 2,624 shares of the business’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $16.35, for a total transaction of $42,902.40. Following the transaction, the insider now directly owns 305,636 shares in the company, valued at $4,997,148.60. The trade was a 0.85 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Lynn Michelle Jurich sold 50,000 shares of the company’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $20.20, for a total transaction of $1,010,000.00. Following the completion of the transaction, the director now directly owns 1,192,446 shares in the company, valued at $24,087,409.20. This trade represents a 4.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 169,691 shares of company stock worth $2,550,601. 3.77% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Sunrun

Several institutional investors have recently made changes to their positions in the company. International Assets Investment Management LLC raised its position in Sunrun by 1,706.3% during the third quarter. International Assets Investment Management LLC now owns 1,734 shares of the energy company’s stock valued at $31,000 after acquiring an additional 1,638 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Sunrun by 385.5% during the 3rd quarter. Blue Trust Inc. now owns 1,845 shares of the energy company’s stock valued at $33,000 after purchasing an additional 1,465 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Sunrun during the 3rd quarter valued at $44,000. Duncker Streett & Co. Inc. acquired a new stake in shares of Sunrun in the 2nd quarter valued at $36,000. Finally, CWM LLC boosted its holdings in Sunrun by 883.9% in the second quarter. CWM LLC now owns 3,355 shares of the energy company’s stock worth $40,000 after purchasing an additional 3,014 shares in the last quarter. 91.69% of the stock is currently owned by institutional investors and hedge funds.

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.