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

Sunrun Inc. (NASDAQ:RUN) has been assigned an average rating of “Moderate Buy” from the twenty-one brokerages that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and thirteen have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $17.20.

Several research analysts have recently commented on the company. Truist Financial reissued a “hold” rating and issued a $9.00 price target (down from $12.00) on shares of Sunrun in a research report on Monday, March 3rd. StockNews.com raised shares of Sunrun to a “sell” rating in a research report on Friday, December 20th. Barclays cut their price objective on shares of Sunrun from $18.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 28th. UBS Group reduced their price objective on shares of Sunrun from $17.00 to $15.00 and set a “buy” rating for the company in a research note on Tuesday, March 4th. Finally, TD Cowen lowered their target price on shares of Sunrun from $18.00 to $14.00 and set a “buy” rating for the company in a research note on Friday, February 28th.

Insider Transactions at Sunrun

In related news, Director Edward Harris Fenster purchased 150,000 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was bought at an average cost of $6.80 per share, with a total value of $1,020,000.00. Following the completion of the acquisition, the director now owns 1,358,182 shares of the company’s stock, valued at $9,235,637.60. The trade was a 12.42 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Lynn Michelle Jurich sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $9.59, for a total transaction of $479,500.00. Following the sale, the director now directly owns 991,753 shares in the company, valued at $9,510,911.27. The trade was a 4.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 121,466 shares of company stock worth $1,136,397 over the last 90 days. 3.77% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Sunrun

Several hedge funds have recently modified their holdings of RUN. Aster Capital Management DIFC Ltd purchased a new stake in Sunrun during the 4th quarter worth approximately $29,000. Newbridge Financial Services Group Inc. increased its position in shares of Sunrun by 133.3% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 3,500 shares of the energy company’s stock worth $32,000 after purchasing an additional 2,000 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Sunrun in the 3rd quarter valued at $44,000. Summit Securities Group LLC acquired a new position in Sunrun in the 4th quarter valued at $53,000. Finally, Union Bancaire Privee UBP SA acquired a new stake in Sunrun during the 4th quarter worth $56,000. 91.69% of the stock is owned by hedge funds and other institutional investors.

Sunrun Stock Down 1.2 %

Sunrun stock opened at $5.94 on Tuesday. The company has a quick ratio of 1.15, a current ratio of 1.47 and a debt-to-equity ratio of 1.92. The firm has a market cap of $1.34 billion, a P/E ratio of -3.26 and a beta of 2.84. The business has a fifty day moving average of $7.89 and a two-hundred day moving average of $11.26. Sunrun has a twelve month low of $5.91 and a twelve month high of $22.26.

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.