UBS Group Cuts Sunrun (NASDAQ:RUN) Price Target to $14.00

Sunrun (NASDAQ:RUN) had its price objective reduced by stock analysts at UBS Group from $18.00 to $14.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the energy company’s stock. UBS Group’s target price points to a potential upside of 21.21% from the company’s current price.

Several other equities analysts have also issued reports on the company. BNP Paribas lowered Sunrun from an “outperform” rating to a “neutral” rating and set a $14.00 target price on the stock. in a research note on Friday, November 8th. JPMorgan Chase & Co. increased their price target on Sunrun from $19.00 to $22.00 and gave the company an “overweight” rating in a research report on Wednesday, August 7th. Piper Sandler lowered Sunrun from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $23.00 to $11.00 in a research report on Friday, November 22nd. Oppenheimer reduced their price target on Sunrun from $22.00 to $20.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Sunrun from $12.00 to $16.50 and gave the company a “hold” rating in a research report on Thursday, August 8th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Sunrun currently has a consensus rating of “Hold” and an average price target of $19.28.

Sunrun Stock Performance

NASDAQ RUN opened at $11.55 on Tuesday. The stock has a market cap of $2.59 billion, a PE ratio of -6.47 and a beta of 2.61. The company has a current ratio of 1.47, a quick ratio of 1.15 and a debt-to-equity ratio of 1.92. Sunrun has a twelve month low of $9.23 and a twelve month high of $22.26. The stock has a fifty day simple moving average of $14.54 and a 200-day simple moving average of $15.41.

Insider Buying and Selling at Sunrun

In other news, Director Lynn Michelle Jurich sold 1,937 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $18.23, for a total value of $35,311.51. Following the transaction, the director now owns 1,242,446 shares of the company’s stock, valued at approximately $22,649,790.58. The trade was a 0.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jeanna Steele sold 2,357 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $18.23, for a total value of $42,968.11. Following the completion of the transaction, the insider now directly owns 308,260 shares in the company, valued at approximately $5,619,579.80. The trade was a 0.76 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 196,795 shares of company stock worth $3,071,225. 3.77% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of RUN. Victory Capital Management Inc. lifted its position in shares of Sunrun by 1.5% in the second quarter. Victory Capital Management Inc. now owns 45,374 shares of the energy company’s stock valued at $538,000 after acquiring an additional 691 shares in the last quarter. Creative Planning lifted its position in Sunrun by 0.3% during the third quarter. Creative Planning now owns 290,259 shares of the energy company’s stock worth $5,242,000 after buying an additional 784 shares during the period. Van ECK Associates Corp lifted its position in Sunrun by 1.8% during the third quarter. Van ECK Associates Corp now owns 50,105 shares of the energy company’s stock worth $905,000 after buying an additional 886 shares during the period. Crossmark Global Holdings Inc. lifted its position in Sunrun by 6.0% during the second quarter. Crossmark Global Holdings Inc. now owns 15,690 shares of the energy company’s stock worth $186,000 after buying an additional 895 shares during the period. Finally, &PARTNERS lifted its position in Sunrun by 1.6% during the second quarter. &PARTNERS now owns 63,244 shares of the energy company’s stock worth $698,000 after buying an additional 1,019 shares during the period. Institutional investors and hedge funds 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.