Sunrun Inc. (NASDAQ:RUN) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Sunrun Inc. (NASDAQ:RUN) have been given a consensus rating of “Moderate Buy” by the twenty-one brokerages that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have assigned a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $17.51.

Several research analysts recently issued reports on RUN shares. UBS Group reduced their target price on shares of Sunrun from $17.00 to $15.00 and set a “buy” rating for the company in a report on Tuesday. BMO Capital Markets cut their price objective on shares of Sunrun from $11.00 to $9.00 and set a “market perform” rating for the company in a report on Monday. Roth Mkm cut their price objective on shares of Sunrun from $35.00 to $30.00 and set a “buy” rating for the company in a report on Friday, November 8th. Royal Bank of Canada cut their price objective on shares of Sunrun from $17.00 to $14.00 and set an “outperform” rating for the company in a report on Monday. Finally, Glj Research reaffirmed a “sell” rating and issued a $7.78 price objective on shares of Sunrun in a report on Thursday, November 7th.

Sunrun Trading Up 8.8 %

Shares of Sunrun stock opened at $6.71 on Friday. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.47 and a quick ratio of 1.15. The firm has a fifty day moving average price of $9.20 and a 200 day moving average price of $12.94. Sunrun has a 1 year low of $5.93 and a 1 year high of $22.26. The stock has a market cap of $1.51 billion, a PE ratio of -3.69 and a beta of 2.59.

Insider Buying and Selling

In other Sunrun news, Director Lynn Michelle Jurich sold 50,000 shares of the business’s stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $9.42, for a total value of $471,000.00. Following the transaction, the director now directly owns 1,041,753 shares in the company, valued at $9,813,313.26. The trade was a 4.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Edward Harris Fenster bought 150,000 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was purchased at an average price of $6.80 per share, for a total transaction of $1,020,000.00. Following the completion of the acquisition, the director now directly owns 1,358,182 shares in the company, valued at $9,235,637.60. The trade was a 12.42 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 163,064 shares of company stock worth $1,551,556. 3.77% of the stock is owned by insiders.

Hedge Funds Weigh In On Sunrun

Institutional investors and hedge funds have recently bought and sold shares of the company. International Assets Investment Management LLC boosted its holdings in Sunrun by 1,706.3% in the 3rd quarter. International Assets Investment Management LLC now owns 1,734 shares of the energy company’s stock valued at $31,000 after purchasing an additional 1,638 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Sunrun by 385.5% in the 3rd quarter. Blue Trust Inc. now owns 1,845 shares of the energy company’s stock valued at $33,000 after acquiring an additional 1,465 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of Sunrun in the 3rd quarter valued at approximately $44,000. Aster Capital Management DIFC Ltd purchased a new stake in shares of Sunrun in the 4th quarter valued at approximately $29,000. Finally, Newbridge Financial Services Group Inc. raised its stake in shares of Sunrun by 133.3% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 3,500 shares of the energy company’s stock valued at $32,000 after acquiring an additional 2,000 shares during the period. 91.69% of the stock is currently owned by institutional investors and hedge funds.

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.