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

Sunrun Inc. (NASDAQ:RUN) has received a consensus recommendation of “Moderate Buy” from the twenty-one research firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $17.20.

A number of equities research analysts have weighed in on the company. TD Cowen lowered their target price on Sunrun from $18.00 to $14.00 and set a “buy” rating for the company in a report on Friday, February 28th. StockNews.com upgraded shares of Sunrun to a “sell” rating in a report on Friday, December 20th. Truist Financial reiterated a “hold” rating and set a $9.00 price objective (down previously from $12.00) on shares of Sunrun in a report on Monday, March 3rd. Roth Capital set a $20.00 target price on Sunrun in a research note on Friday, February 28th. Finally, UBS Group dropped their price target on Sunrun from $17.00 to $15.00 and set a “buy” rating on the stock in a research note on Tuesday, March 4th.

Sunrun Price Performance

Sunrun stock opened at $6.38 on Tuesday. Sunrun has a one year low of $5.93 and a one year high of $22.26. The stock’s 50 day moving average is $8.16 and its 200 day moving average is $11.53. The firm has a market cap of $1.44 billion, a P/E ratio of -3.51 and a beta of 2.84. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.47 and a quick ratio of 1.15.

Insider Activity

In other Sunrun news, Director Lynn Michelle Jurich sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $9.10, for a total transaction of $455,000.00. Following the sale, the director now owns 941,753 shares in the company, valued at $8,569,952.30. This trade represents a 5.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Edward Harris Fenster purchased 150,000 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were purchased at an average cost of $6.80 per share, with a total value of $1,020,000.00. Following the purchase, the director now owns 1,358,182 shares of the company’s stock, valued at approximately $9,235,637.60. The trade was a 12.42 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 121,466 shares of company stock worth $1,136,397 in the last three months. Corporate insiders own 3.77% of the company’s stock.

Institutional Investors Weigh In On Sunrun

A number of institutional investors have recently made changes to their positions in the business. Aster Capital Management DIFC Ltd purchased a new position in Sunrun in the 4th quarter worth $29,000. Newbridge Financial Services Group Inc. grew its stake 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 valued at $32,000 after buying an additional 2,000 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Sunrun in the 3rd quarter valued at about $44,000. Summit Securities Group LLC purchased a new stake in Sunrun during the 4th quarter valued at about $53,000. Finally, Union Bancaire Privee UBP SA bought a new position in Sunrun during the 4th quarter worth approximately $56,000. Hedge funds and other 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.