Sunrun Inc. (NASDAQ:RUN) Given Average Rating of “Hold” by Brokerages

Sunrun Inc. (NASDAQ:RUN) has been given a consensus recommendation of “Hold” by the twenty-three ratings firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $19.21.

RUN has been the subject of several research analyst reports. Oppenheimer lowered their price target on Sunrun from $22.00 to $20.00 and set an “outperform” rating for the company in a research report on Friday, November 8th. Jefferies Financial Group lowered their target price on Sunrun from $31.00 to $29.00 and set a “buy” rating for the company in a report on Thursday, October 10th. Guggenheim cut shares of Sunrun from a “buy” rating to a “neutral” rating in a research report on Thursday, November 7th. Roth Mkm lowered their price objective on shares of Sunrun from $35.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, November 8th. Finally, Morgan Stanley cut their target price on shares of Sunrun from $35.00 to $27.00 and set an “overweight” rating on the stock in a research note on Friday, November 15th.

Insiders Place Their Bets

In related news, insider Jeanna Steele sold 2,624 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $16.35, for a total transaction of $42,902.40. Following the transaction, the insider now owns 305,636 shares in the company, valued at $4,997,148.60. This trade represents a 0.85 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Lynn Michelle Jurich sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $14.60, for a total value of $730,000.00. Following the completion of the sale, the director now owns 1,142,446 shares of the company’s stock, valued at approximately $16,679,711.60. This represents a 4.19 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 169,691 shares of company stock valued at $2,011,601. 3.77% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Sunrun

A number of institutional investors have recently modified their holdings of RUN. CWM LLC increased its position in Sunrun by 883.9% in the 2nd quarter. CWM LLC now owns 3,355 shares of the energy company’s stock valued at $40,000 after acquiring an additional 3,014 shares during the period. SG Americas Securities LLC increased its holdings in shares of Sunrun by 202.3% in the second quarter. SG Americas Securities LLC now owns 38,749 shares of the energy company’s stock valued at $460,000 after purchasing an additional 25,931 shares during the period. Diversified Trust Co acquired a new position in shares of Sunrun in the second quarter valued at approximately $218,000. Assenagon Asset Management S.A. purchased a new stake in shares of Sunrun during the second quarter worth approximately $5,309,000. Finally, OFI Invest Asset Management lifted its holdings in shares of Sunrun by 1,949.4% during the second quarter. OFI Invest Asset Management now owns 11,149 shares of the energy company’s stock worth $123,000 after purchasing an additional 10,605 shares during the period. 91.69% of the stock is owned by institutional investors and hedge funds.

Sunrun Stock Performance

NASDAQ:RUN opened at $9.13 on Friday. Sunrun has a fifty-two week low of $9.08 and a fifty-two week high of $22.26. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.15 and a current ratio of 1.47. The company has a 50 day moving average price of $12.09 and a 200 day moving average price of $15.12. The stock has a market capitalization of $2.05 billion, a P/E ratio of -5.02 and a beta of 2.54.

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.