Sunrun Inc. (NASDAQ:RUN) Receives Consensus Recommendation of “Hold” from Brokerages

Sunrun Inc. (NASDAQ:RUN) has been given an average recommendation of “Hold” by the twenty-two brokerages that are currently covering the stock, Marketbeat reports. One research 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 12-month price objective among brokers that have updated their coverage on the stock in the last year is $19.28.

A number of brokerages have recently weighed in on RUN. Susquehanna cut their price objective on Sunrun from $24.00 to $23.00 and set a “positive” rating on the stock in a research report on Wednesday, October 16th. The Goldman Sachs Group reissued a “buy” rating and set a $20.00 price objective on shares of Sunrun in a research report on Wednesday, September 25th. StockNews.com raised shares of Sunrun to a “sell” rating in a research report on Friday, September 27th. Truist Financial reiterated a “hold” rating and set a $12.00 price target (down previously from $18.00) on shares of Sunrun in a research report on Tuesday, November 12th. Finally, Jefferies Financial Group lowered their price objective on shares of Sunrun from $31.00 to $29.00 and set a “buy” rating for the company in a report on Thursday, October 10th.

Insider Activity

In related news, CRO Paul S. Dickson sold 2,537 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $18.23, for a total transaction of $46,249.51. Following the sale, the executive now directly owns 427,883 shares of the company’s stock, valued at $7,800,307.09. This trade represents a 0.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Lynn Michelle Jurich sold 50,000 shares of Sunrun stock in a transaction dated 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 owns 1,092,446 shares of the company’s stock, valued at $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 worth $3,071,225 over the last 90 days. 3.77% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Sunrun

Large investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. lifted its stake in shares of Sunrun by 1.5% in the 2nd quarter. Victory Capital Management Inc. now owns 45,374 shares of the energy company’s stock worth $538,000 after purchasing an additional 691 shares during the period. Creative Planning boosted its stake in shares of Sunrun by 0.3% during the 3rd quarter. Creative Planning now owns 290,259 shares of the energy company’s stock worth $5,242,000 after acquiring an additional 784 shares during the last quarter. Van ECK Associates Corp grew its position in shares of Sunrun by 1.8% during the 3rd quarter. Van ECK Associates Corp now owns 50,105 shares of the energy company’s stock valued at $905,000 after acquiring an additional 886 shares during the period. Crossmark Global Holdings Inc. increased its stake in shares of Sunrun by 6.0% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 15,690 shares of the energy company’s stock worth $186,000 after purchasing an additional 895 shares in the last quarter. Finally, &PARTNERS raised its holdings in Sunrun by 1.6% in the 2nd quarter. &PARTNERS now owns 63,244 shares of the energy company’s stock worth $698,000 after purchasing an additional 1,019 shares during the period. Institutional investors own 91.69% of the company’s stock.

Sunrun Price Performance

Shares of NASDAQ RUN opened at $11.49 on Wednesday. The firm’s fifty day moving average is $14.72 and its 200 day moving average is $15.41. Sunrun has a 52 week low of $9.23 and a 52 week high of $22.26. The company has a quick ratio of 1.15, a current ratio of 1.47 and a debt-to-equity ratio of 1.92.

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.