Sunrun (NASDAQ:RUN) Upgraded by BNP Paribas to “Outperform” Rating

Sunrun (NASDAQ:RUN) was upgraded by research analysts at BNP Paribas from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Tuesday, Marketbeat Ratings reports. The brokerage currently has a $16.00 price objective on the energy company’s stock. BNP Paribas’ price target indicates a potential upside of 48.84% from the company’s previous close.

Several other analysts also recently weighed in on RUN. StockNews.com upgraded shares of Sunrun to a “sell” rating in a research report on Friday, December 20th. Oppenheimer reduced their price objective on Sunrun from $22.00 to $20.00 and set an “outperform” rating for the company in a research report on Friday, November 8th. Barclays decreased their price objective on Sunrun from $19.00 to $18.00 and set an “equal weight” rating for the company in a report on Wednesday, October 16th. The Goldman Sachs Group cut their target price on Sunrun from $19.00 to $17.00 and set a “buy” rating on the stock in a research note on Tuesday, December 17th. Finally, Piper Sandler lowered Sunrun from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $23.00 to $11.00 in a report on Friday, November 22nd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $19.16.

Sunrun Price Performance

Shares of RUN opened at $10.75 on Tuesday. Sunrun has a 12 month low of $9.01 and a 12 month high of $22.26. 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 stock has a fifty day moving average price of $10.86 and a 200 day moving average price of $14.78. The company has a market cap of $2.41 billion, a P/E ratio of -5.91 and a beta of 2.58.

Insider Transactions at Sunrun

In other Sunrun news, CRO Paul S. Dickson sold 2,968 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 $33,182.24. Following the sale, the executive now directly owns 418,492 shares of the company’s stock, valued at $4,678,740.56. The trade was a 0.70 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lynn Michelle Jurich sold 50,000 shares of Sunrun stock in a transaction on Friday, October 18th. The shares were sold at an average price of $14.60, for a total value of $730,000.00. Following the transaction, the director now owns 1,142,446 shares in the company, valued at $16,679,711.60. This represents a 4.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 164,830 shares of company stock valued at $1,864,647 over the last three months. Company insiders own 3.77% of the company’s stock.

Institutional Investors Weigh In On Sunrun

Institutional investors have recently bought and sold shares of the business. International Assets Investment Management LLC increased its holdings in shares of 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 period. Blue Trust Inc. increased its stake in 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 buying an additional 1,465 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in Sunrun in the 3rd quarter worth approximately $44,000. Redwood Wealth Management Group LLC acquired a new stake in shares of Sunrun during the 2nd quarter valued at $56,000. Finally, Waldron Private Wealth LLC purchased a new position in shares of Sunrun during the 3rd quarter valued at $135,000. 91.69% of the stock is currently owned by institutional investors and hedge funds.

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.