Sunrun Inc. (NASDAQ:RUN) Receives $20.12 Consensus PT from Analysts

Shares of Sunrun Inc. (NASDAQ:RUN) have received an average recommendation of “Hold” from the twenty-two research firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and eleven have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $19.49.

Several research firms have issued reports on RUN. BMO Capital Markets decreased their price target on shares of Sunrun from $20.00 to $11.00 and set a “market perform” rating on the stock in a research report on Monday, November 11th. The Goldman Sachs Group reiterated a “buy” rating and set a $20.00 price objective on shares of Sunrun in a research report on Wednesday, September 25th. BNP Paribas cut shares of Sunrun from an “outperform” rating to a “neutral” rating and set a $14.00 price objective on the stock. in a research report on Friday, November 8th. Morgan Stanley lowered their price objective on shares of Sunrun from $35.00 to $27.00 and set an “overweight” rating on the stock in a research report on Friday, November 15th. Finally, Roth Mkm lowered their price objective on shares of Sunrun from $35.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday, November 8th.

Sunrun Trading Up 2.8 %

Sunrun stock opened at $10.51 on Wednesday. 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 firm has a market cap of $2.36 billion, a price-to-earnings ratio of -5.77 and a beta of 2.61. Sunrun has a 1 year low of $9.23 and a 1 year high of $22.26. The firm’s 50 day moving average price is $15.05 and its two-hundred day moving average price is $15.37.

Insiders Place Their Bets

In other Sunrun news, insider Jeanna Steele sold 2,357 shares of the business’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $18.23, for a total transaction of $42,968.11. Following the completion of the transaction, the insider now owns 308,260 shares of the company’s stock, valued at $5,619,579.80. The trade was a 0.76 % 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 business’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $20.20, for a total transaction of $1,010,000.00. Following the transaction, the director now owns 1,192,446 shares in the company, valued at approximately $24,087,409.20. The trade was a 4.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 196,795 shares of company stock valued at $3,071,225 in the last quarter. Insiders own 3.77% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in RUN. Erste Asset Management GmbH bought a new position in shares of Sunrun during the 3rd quarter worth about $76,152,000. Sylebra Capital LLC bought a new position in shares of Sunrun during the 2nd quarter worth about $35,387,000. Vanguard Group Inc. increased its holdings in shares of Sunrun by 14.0% during the 1st quarter. Vanguard Group Inc. now owns 22,325,106 shares of the energy company’s stock worth $294,245,000 after purchasing an additional 2,743,148 shares during the period. Greenvale Capital LLP increased its holdings in shares of Sunrun by 20.5% during the 2nd quarter. Greenvale Capital LLP now owns 11,750,000 shares of the energy company’s stock worth $139,355,000 after purchasing an additional 2,000,000 shares during the period. Finally, FMR LLC increased its holdings in shares of Sunrun by 83.6% during the 3rd quarter. FMR LLC now owns 3,430,327 shares of the energy company’s stock worth $61,952,000 after purchasing an additional 1,562,163 shares during the period. Institutional investors 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.