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

Shares of Sunrun Inc. (NASDAQ:RUN) have been assigned an average rating of “Hold” from the twenty-three brokerages that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $19.21.

A number of research analysts recently weighed in on the company. Oppenheimer cut 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. Piper Sandler downgraded shares of Sunrun from an “overweight” rating to a “neutral” rating and cut their price target for the company from $23.00 to $11.00 in a report on Friday, November 22nd. The Goldman Sachs Group decreased their price objective on shares of Sunrun from $19.00 to $17.00 and set a “buy” rating on the stock in a report on Tuesday. Truist Financial reaffirmed a “hold” rating and issued a $12.00 target price (down from $18.00) on shares of Sunrun in a report on Tuesday, November 12th. Finally, BNP Paribas lowered Sunrun from an “outperform” rating to a “neutral” rating and set a $14.00 price target on the stock. in a research note on Friday, November 8th.

Insiders Place Their Bets

In related news, CFO Danny Abajian sold 4,869 shares of the company’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $16.35, for a total value of $79,608.15. Following the completion of the transaction, the chief financial officer now directly owns 269,393 shares in the company, valued at approximately $4,404,575.55. This represents a 1.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CRO Paul S. Dickson sold 4,017 shares of the firm’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $16.35, for a total value of $65,677.95. Following the completion of the sale, the executive now directly owns 423,866 shares in the company, valued at approximately $6,930,209.10. The trade was a 0.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 169,691 shares of company stock valued at $2,011,601 in the last ninety days. Insiders own 3.77% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. International Assets Investment Management LLC grew its holdings in 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 valued at $31,000 after purchasing an additional 1,638 shares during the period. Blue Trust Inc. grew 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 period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Sunrun during the 3rd quarter worth $44,000. Duncker Streett & Co. Inc. purchased a new position in shares of Sunrun in the 2nd quarter worth $36,000. Finally, CWM LLC boosted its holdings in Sunrun by 883.9% in the second quarter. CWM LLC now owns 3,355 shares of the energy company’s stock valued at $40,000 after acquiring an additional 3,014 shares during the last quarter. Institutional investors and hedge funds own 91.69% of the company’s stock.

Sunrun Stock Performance

NASDAQ RUN opened at $9.13 on Friday. The stock has a market capitalization of $2.05 billion, a price-to-earnings ratio of -5.02 and a beta of 2.54. The business’s 50 day moving average is $12.09 and its two-hundred day moving average is $15.12. Sunrun has a 12-month low of $9.08 and a 12-month 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.

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.