Sunrun (NASDAQ:RUN) Stock Rating Upgraded by StockNews.com

Sunrun (NASDAQ:RUN) was upgraded by analysts at StockNews.com to a “sell” rating in a note issued to investors on Friday.

Several other research analysts have also recently commented on the company. Susquehanna reduced their price target on Sunrun from $24.00 to $23.00 and set a “positive” rating for the company in a research report on Wednesday, October 16th. Piper Sandler downgraded shares of Sunrun from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $23.00 to $11.00 in a report on Friday, November 22nd. UBS Group lowered their price objective on Sunrun from $18.00 to $14.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 26th. The Goldman Sachs Group lowered their target price on shares of Sunrun from $19.00 to $17.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, Oppenheimer dropped their price target on Sunrun from $22.00 to $20.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $19.21.

Sunrun Trading Down 0.2 %

NASDAQ RUN opened at $9.13 on Friday. The stock’s 50 day moving average price is $12.09 and its two-hundred day moving average price is $15.12. 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 stock has a market capitalization of $2.05 billion, a price-to-earnings ratio of -5.02 and a beta of 2.54. Sunrun has a 52 week low of $9.08 and a 52 week high of $22.26.

Insider Buying and Selling

In other news, CEO Mary Powell sold 6,415 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $16.34, for a total transaction of $104,821.10. Following the completion of the sale, the chief executive officer now owns 569,368 shares of the company’s stock, valued at $9,303,473.12. This trade represents a 1.11 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Lynn Michelle Jurich sold 50,000 shares of Sunrun stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $9.42, for a total transaction of $471,000.00. Following the completion of the sale, the director now directly owns 1,041,753 shares of the company’s stock, valued at approximately $9,813,313.26. This trade represents a 4.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 169,691 shares of company stock worth $2,011,601 in the last ninety days. Company insiders own 3.77% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Greenvale Capital LLP grew its position in Sunrun by 20.5% in the 2nd quarter. Greenvale Capital LLP now owns 11,750,000 shares of the energy company’s stock valued at $139,355,000 after purchasing an additional 2,000,000 shares during the period. State Street Corp grew its stake in Sunrun by 0.6% in the 3rd quarter. State Street Corp now owns 9,159,711 shares of the energy company’s stock valued at $165,424,000 after purchasing an additional 54,329 shares during the period. Geode Capital Management LLC raised its holdings in shares of Sunrun by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 5,315,667 shares of the energy company’s stock worth $96,019,000 after purchasing an additional 30,549 shares during the period. Dimensional Fund Advisors LP increased its holdings in Sunrun by 20.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,385,218 shares of the energy company’s stock worth $52,025,000 after acquiring an additional 729,633 shares during the last quarter. Finally, Erste Asset Management GmbH bought a new stake in Sunrun in the 3rd quarter valued at about $76,152,000. 91.69% of the stock is owned by institutional investors and hedge funds.

About Sunrun

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.