Sunrun (NASDAQ:RUN) Price Target Lowered to $11.00 at BMO Capital Markets

Sunrun (NASDAQ:RUN) had its price objective lowered by investment analysts at BMO Capital Markets from $20.00 to $11.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a “market perform” rating on the energy company’s stock. BMO Capital Markets’ price target points to a potential upside of 12.94% from the stock’s previous close.

A number of other equities analysts have also commented on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Sunrun from $12.00 to $16.50 and gave the company a “hold” rating in a research report on Thursday, August 8th. Jefferies Financial Group reduced their price objective on Sunrun from $31.00 to $29.00 and set a “buy” rating for the company in a research report on Thursday, October 10th. The Goldman Sachs Group reiterated a “buy” rating and set a $20.00 target price on shares of Sunrun in a research report on Wednesday, September 25th. Evercore ISI decreased their price target on Sunrun from $42.00 to $38.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Finally, Barclays decreased their price objective on shares of Sunrun from $19.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 16th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $20.54.

Sunrun Stock Down 4.8 %

RUN stock opened at $9.74 on Monday. Sunrun has a 1 year low of $9.02 and a 1 year high of $22.26. The company has a fifty day simple moving average of $16.22 and a 200 day simple moving average of $15.47. The company has a current ratio of 1.66, a quick ratio of 1.31 and a debt-to-equity ratio of 1.84. The firm has a market cap of $2.18 billion, a PE ratio of -5.35 and a beta of 2.61.

Insider Transactions at Sunrun

In related news, Director Lynn Michelle Jurich sold 50,000 shares of the company’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $20.20, for a total value of $1,010,000.00. Following the completion of the sale, the director now owns 1,192,446 shares in the company, valued at $24,087,409.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Lynn Michelle Jurich sold 50,000 shares of the firm’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $20.20, for a total transaction of $1,010,000.00. Following the sale, the director now directly owns 1,192,446 shares in the company, valued at $24,087,409.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Danny Abajian sold 9,694 shares of the company’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $19.75, for a total value of $191,456.50. Following the transaction, the chief financial officer now directly owns 278,260 shares of the company’s stock, valued at $5,495,635. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 155,840 shares of company stock worth $2,755,487. 3.77% of the stock is currently owned by company insiders.

Institutional Trading of Sunrun

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Sylebra Capital LLC acquired a new stake in Sunrun in the 2nd quarter valued at about $35,387,000. Vanguard Group Inc. boosted its position in shares of Sunrun by 14.0% in the first quarter. Vanguard Group Inc. now owns 22,325,106 shares of the energy company’s stock valued at $294,245,000 after acquiring an additional 2,743,148 shares during the period. Greenvale Capital LLP grew its position 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 in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in Sunrun by 113.5% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,515,302 shares of the energy company’s stock worth $45,426,000 after buying an additional 1,337,302 shares in the last quarter. Finally, Senator Investment Group LP bought a new position in shares of Sunrun in the second quarter worth $11,860,000. Institutional investors and hedge funds own 91.69% of the company’s stock.

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.