UBS Group Lowers Sunrun (NASDAQ:RUN) Price Target to $14.00

Sunrun (NASDAQ:RUN) had its price target cut by equities research analysts at UBS Group from $18.00 to $14.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the energy company’s stock. UBS Group’s target price suggests a potential upside of 27.27% from the stock’s previous close.

Several other research analysts have also recently weighed in on RUN. Morgan Stanley cut their price objective on Sunrun from $35.00 to $27.00 and set an “overweight” rating on the stock in a research report on Friday, November 15th. Wells Fargo & Company reduced their price target on shares of Sunrun from $20.00 to $15.00 and set an “overweight” rating for the company in a research report on Friday, November 8th. BMO Capital Markets lowered their price target on shares of Sunrun from $20.00 to $11.00 and set a “market perform” rating on the stock in a report on Monday, November 11th. Oppenheimer reduced their price objective on Sunrun from $22.00 to $20.00 and set an “outperform” rating for the company in a report on Friday, November 8th. Finally, Jefferies Financial Group lowered their target price on Sunrun from $31.00 to $29.00 and set a “buy” rating on the stock in a research note on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $19.28.

Sunrun Stock Down 4.5 %

Shares of RUN stock traded down $0.52 during trading hours on Tuesday, reaching $11.00. The company had a trading volume of 2,018,587 shares, compared to its average volume of 11,946,122. The company has a market cap of $2.47 billion, a price-to-earnings ratio of -6.04 and a beta of 2.61. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.47 and a quick ratio of 1.15. Sunrun has a 12 month low of $9.23 and a 12 month high of $22.26. The business has a fifty day simple moving average of $14.72 and a 200-day simple moving average of $15.41.

Insiders Place Their Bets

In other news, CFO Danny Abajian sold 9,694 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $19.75, for a total value of $191,456.50. Following the completion of the transaction, the chief financial officer now owns 278,260 shares in the company, valued at $5,495,635. This trade represents a 3.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Lynn Michelle Jurich sold 50,000 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $9.94, for a total value of $497,000.00. Following the completion of the sale, the director now directly owns 1,092,446 shares in the company, valued at approximately $10,858,913.24. The trade was a 4.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 196,795 shares of company stock valued at $3,071,225 in the last quarter. Insiders own 3.77% of the company’s stock.

Institutional Investors Weigh In On Sunrun

Several institutional investors and hedge funds have recently added to or reduced their stakes in RUN. International Assets Investment Management LLC lifted its holdings in Sunrun by 1,706.3% in 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 during the period. Blue Trust Inc. boosted its stake 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 worth $33,000 after acquiring an additional 1,465 shares during the last quarter. Duncker Streett & Co. Inc. bought a new position in Sunrun in the 2nd quarter worth $36,000. CWM LLC lifted its position in Sunrun by 883.9% during the second quarter. CWM LLC now owns 3,355 shares of the energy company’s stock valued at $40,000 after purchasing an additional 3,014 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in Sunrun during the 3rd quarter worth approximately $44,000. Hedge funds and other 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.