BMO Capital Markets Has Lowered Expectations for Sunrun (NASDAQ:RUN) Stock Price

Sunrun (NASDAQ:RUN) had its price target decreased by research analysts at BMO Capital Markets from $20.00 to $11.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has a “market perform” rating on the energy company’s stock. BMO Capital Markets’ target price points to a potential upside of 12.94% from the stock’s current price.

A number of other equities research analysts also recently commented on RUN. StockNews.com upgraded shares of Sunrun to a “sell” rating in a research report on Friday, September 27th. Evercore ISI dropped their price objective on Sunrun from $42.00 to $38.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Guggenheim lowered shares of Sunrun from a “buy” rating to a “neutral” rating in a research report on Thursday, November 7th. Barclays cut their price target on shares of Sunrun from $19.00 to $18.00 and set an “equal weight” rating for the company in a report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. increased their target price on shares of Sunrun from $19.00 to $22.00 and gave the company an “overweight” rating in a report on Wednesday, August 7th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $20.54.

Sunrun Stock Performance

NASDAQ:RUN opened at $9.74 on Monday. The firm has a market cap of $2.18 billion, a price-to-earnings ratio of -5.35 and a beta of 2.61. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.66 and a quick ratio of 1.31. Sunrun has a 1-year low of $9.02 and a 1-year high of $22.26. The firm’s fifty day moving average price is $16.22 and its 200 day moving average price is $15.47.

Insiders Place Their Bets

In other news, Director Lynn Michelle Jurich sold 50,000 shares of the stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $20.20, for a total value of $1,010,000.00. Following the completion of the sale, the director now owns 1,192,446 shares in the company, valued at approximately $24,087,409.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Sunrun news, Director Gerald Alan Risk sold 9,045 shares of the stock in a transaction on Monday, August 19th. The shares were sold at an average price of $20.04, for a total transaction of $181,261.80. Following the transaction, the director now directly owns 334,761 shares in the company, valued at $6,708,610.44. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Lynn Michelle Jurich sold 50,000 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $20.20, for a total transaction of $1,010,000.00. Following the completion of the sale, the director now owns 1,192,446 shares in the company, valued at approximately $24,087,409.20. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 155,840 shares of company stock worth $2,755,487 over the last ninety days. 3.77% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Symmetry Investments LP bought a new stake in Sunrun in the second quarter valued at $1,205,000. Axxcess Wealth Management LLC acquired a new stake in shares of Sunrun during the 1st quarter valued at $171,000. Assenagon Asset Management S.A. boosted its position in shares of Sunrun by 207.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,375,584 shares of the energy company’s stock valued at $24,843,000 after purchasing an additional 927,947 shares during the period. Friedenthal Financial acquired a new position in shares of Sunrun in the second quarter worth about $702,000. Finally, Granite Bay Wealth Management LLC purchased a new position in Sunrun during the 2nd quarter worth approximately $525,000. 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.