Sunrun Inc. (NASDAQ:RUN) Given Consensus Rating of “Hold” by Brokerages

Sunrun Inc. (NASDAQ:RUN) has earned a consensus recommendation of “Hold” from the twenty-two brokerages that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have given a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $19.28.

Several research firms recently weighed in on RUN. BMO Capital Markets decreased their price target on Sunrun from $20.00 to $11.00 and set a “market perform” rating on the stock in a report on Monday, November 11th. Barclays cut their price target on shares of Sunrun from $19.00 to $18.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 16th. JPMorgan Chase & Co. raised their price target on shares of Sunrun from $19.00 to $22.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 7th. Roth Mkm lowered their price objective on shares of Sunrun from $35.00 to $30.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Sunrun from $12.00 to $16.50 and gave the stock a “hold” rating in a research report on Thursday, August 8th.

Sunrun Trading Down 0.3 %

Sunrun stock opened at $11.49 on Wednesday. Sunrun has a 1 year low of $9.23 and a 1 year high of $22.26. The company has a current ratio of 1.47, a quick ratio of 1.15 and a debt-to-equity ratio of 1.92. The firm’s 50 day moving average price is $14.72 and its 200-day moving average price is $15.41.

Insiders Place Their Bets

In other news, CFO Danny Abajian sold 9,694 shares of Sunrun stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $19.75, for a total transaction of $191,456.50. Following the completion of the sale, the chief financial officer now directly owns 278,260 shares in the company, valued at approximately $5,495,635. The trade was a 3.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Mary Powell sold 2,148 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $18.79, for a total transaction of $40,360.92. Following the sale, the chief executive officer now directly owns 579,193 shares in the company, valued at $10,883,036.47. This trade represents a 0.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 196,795 shares of company stock valued at $3,071,225. 3.77% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Sunrun

A number of institutional investors have recently bought and sold shares of RUN. International Assets Investment Management LLC increased its stake in shares of Sunrun by 1,706.3% in the third quarter. International Assets Investment Management LLC now owns 1,734 shares of the energy company’s stock worth $31,000 after acquiring an additional 1,638 shares during the period. Blue Trust Inc. raised its stake in shares of Sunrun by 385.5% during 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 last quarter. Duncker Streett & Co. Inc. acquired a new position in shares of Sunrun in the 2nd quarter valued at about $36,000. CWM LLC boosted its stake in shares of Sunrun by 883.9% in the second quarter. CWM LLC now owns 3,355 shares of the energy company’s stock worth $40,000 after buying an additional 3,014 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Sunrun during the third quarter worth about $44,000. 91.69% of the stock is owned by hedge funds and other institutional investors.

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.