Sunrun (NASDAQ:RUN) Trading Up 9.5% – Should You Buy?

Sunrun Inc. (NASDAQ:RUN)’s share price rose 9.5% during trading on Monday . The stock traded as high as $11.56 and last traded at $11.51. Approximately 8,027,695 shares changed hands during trading, a decline of 33% from the average daily volume of 11,965,199 shares. The stock had previously closed at $10.51.

Analysts Set New Price Targets

Several analysts recently weighed in on RUN shares. BMO Capital Markets cut their price objective on shares of Sunrun from $20.00 to $11.00 and set a “market perform” rating on the stock in a research report on Monday, November 11th. StockNews.com raised Sunrun to a “sell” rating in a report on Friday, September 27th. JPMorgan Chase & Co. increased their price objective on Sunrun from $19.00 to $22.00 and gave the stock an “overweight” rating in a report on Wednesday, August 7th. Wells Fargo & Company lowered their target price on Sunrun from $20.00 to $15.00 and set an “overweight” rating on the stock in a research report on Friday, November 8th. Finally, Guggenheim lowered Sunrun from a “buy” rating to a “neutral” rating in a research report on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $19.28.

Sunrun Trading Up 0.5 %

The company has a quick ratio of 1.15, a current ratio of 1.47 and a debt-to-equity ratio of 1.92. The firm has a market capitalization of $2.59 billion, a price-to-earnings ratio of -6.47 and a beta of 2.61. The firm’s 50 day moving average is $14.54 and its 200 day moving average is $15.41.

Insider Transactions at Sunrun

In related news, CFO Danny Abajian sold 2,141 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $18.23, for a total value of $39,030.43. Following the completion of the transaction, the chief financial officer now owns 276,119 shares of the company’s stock, valued at approximately $5,033,649.37. This trade represents a 0.77 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Lynn Michelle Jurich sold 50,000 shares of the business’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 approximately $24,087,409.20. This trade represents a 4.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 196,795 shares of company stock valued at $3,071,225 in the last three months. 3.77% of the stock is currently owned by corporate insiders.

Institutional Trading of Sunrun

Several hedge funds and other institutional investors have recently modified their holdings of RUN. International Assets Investment Management LLC raised its position in Sunrun by 1,706.3% during the third quarter. International Assets Investment Management LLC now owns 1,734 shares of the energy company’s stock valued at $31,000 after buying an additional 1,638 shares during the period. Blue Trust Inc. grew its stake in 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 acquiring an additional 1,465 shares in 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 increased its holdings in shares of Sunrun by 883.9% in the 2nd quarter. CWM LLC now owns 3,355 shares of the energy company’s stock valued at $40,000 after purchasing an additional 3,014 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Sunrun in the third quarter worth approximately $44,000. 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.