Sunrun (NASDAQ:RUN) Downgraded to Hold Rating by Jefferies Financial Group

Jefferies Financial Group cut shares of Sunrun (NASDAQ:RUN) from a buy rating to a hold rating in a research note published on Wednesday morning, MarketBeat Ratings reports. They currently have $8.00 target price on the energy company’s stock, down from their prior target price of $14.00.

RUN has been the topic of several other reports. BNP Paribas upgraded shares of Sunrun from a “neutral” rating to an “outperform” rating and set a $16.00 price objective on the stock in a research report on Tuesday, January 7th. Royal Bank of Canada lowered their price objective on shares of Sunrun from $17.00 to $14.00 and set an “outperform” rating on the stock in a research report on Monday, March 3rd. The Goldman Sachs Group lowered their price objective on shares of Sunrun from $17.00 to $15.00 and set a “buy” rating on the stock in a research report on Monday, March 3rd. JPMorgan Chase & Co. lowered their price target on shares of Sunrun from $22.00 to $18.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. Finally, TD Cowen lowered their price target on shares of Sunrun from $18.00 to $14.00 and set a “buy” rating on the stock in a report on Friday, February 28th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $17.20.

Sunrun Trading Down 5.2 %

NASDAQ RUN opened at $6.57 on Wednesday. Sunrun has a twelve month low of $5.93 and a twelve month high of $22.26. 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 cap of $1.49 billion, a price-to-earnings ratio of -3.61 and a beta of 2.84. The firm’s 50 day moving average price is $8.80 and its two-hundred day moving average price is $12.35.

Insiders Place Their Bets

In other Sunrun news, CEO Mary Powell sold 4,350 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $11.18, for a total transaction of $48,633.00. Following the completion of the transaction, the chief executive officer now owns 560,321 shares of the company’s stock, valued at $6,264,388.78. The trade was a 0.77 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lynn Michelle Jurich sold 50,000 shares of the company’s stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $9.42, for a total transaction of $471,000.00. Following the transaction, the director now directly owns 1,041,753 shares of the company’s stock, valued at $9,813,313.26. This represents a 4.58 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 171,466 shares of company stock valued at $1,607,397 in the last quarter. Insiders own 3.77% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Sylebra Capital LLC raised its position in shares of Sunrun by 124.0% during the fourth quarter. Sylebra Capital LLC now owns 6,683,162 shares of the energy company’s stock valued at $61,819,000 after buying an additional 3,699,405 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Sunrun by 8.6% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 662,211 shares of the energy company’s stock valued at $6,125,000 after acquiring an additional 52,176 shares during the period. Vident Advisory LLC increased its stake in Sunrun by 76.9% in the fourth quarter. Vident Advisory LLC now owns 20,219 shares of the energy company’s stock valued at $187,000 after acquiring an additional 8,792 shares during the period. Teza Capital Management LLC increased its stake in Sunrun by 12.9% in the fourth quarter. Teza Capital Management LLC now owns 44,677 shares of the energy company’s stock valued at $413,000 after acquiring an additional 5,121 shares during the period. Finally, Raiffeisen Bank International AG bought a new stake in Sunrun in the fourth quarter valued at about $2,363,000. Institutional investors and hedge funds own 91.69% of the company’s stock.

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.