Sunrun Inc. (NASDAQ:RUN) Receives $20.12 Consensus PT from Analysts

Sunrun Inc. (NASDAQ:RUN) has been given an average rating of “Hold” by the twenty-two research firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $19.49.

RUN has been the topic of a number of analyst reports. Roth Mkm lowered their target price on shares of Sunrun from $35.00 to $30.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. StockNews.com raised shares of Sunrun to a “sell” rating in a research note on Friday, September 27th. JPMorgan Chase & Co. upped their price objective on shares of Sunrun from $19.00 to $22.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 7th. Morgan Stanley decreased their price objective 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. Finally, Evercore ISI decreased their price objective on shares of Sunrun from $42.00 to $38.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th.

Sunrun Stock Performance

NASDAQ RUN opened at $10.51 on Wednesday. The stock has a market cap of $2.36 billion, a P/E ratio of -5.77 and a beta of 2.61. The company’s 50-day simple moving average is $15.05 and its 200 day simple moving average is $15.37. Sunrun has a twelve month low of $9.23 and a twelve month 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.

Insider Activity at Sunrun

In other Sunrun news, CFO Danny Abajian sold 9,694 shares of the stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $19.75, for a total value of $191,456.50. Following the sale, the chief financial officer now directly owns 278,260 shares in the company, valued at approximately $5,495,635. This trade represents a 3.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Mary Powell sold 2,148 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $18.79, for a total transaction of $40,360.92. Following the completion of the sale, the chief executive officer now owns 579,193 shares in the company, valued at approximately $10,883,036.47. This trade represents a 0.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 196,795 shares of company stock worth $3,071,225 over the last ninety days. Company insiders own 3.77% of the company’s stock.

Institutional Investors Weigh In On Sunrun

Large investors have recently made changes to their positions in the stock. Principal Financial Group Inc. increased its position in shares of Sunrun by 33.7% during the third quarter. Principal Financial Group Inc. now owns 1,460,949 shares of the energy company’s stock worth $26,385,000 after acquiring an additional 367,835 shares in the last quarter. Symmetry Investments LP bought a new position in Sunrun in the second quarter valued at $1,205,000. Aigen Investment Management LP bought a new position in Sunrun in the third quarter valued at $955,000. Axxcess Wealth Management LLC bought a new position in Sunrun in the first quarter valued at $171,000. Finally, Assenagon Asset Management S.A. grew its position in Sunrun by 207.3% in the third 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 in the last quarter. 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.