Sunrun (NASDAQ:RUN) Upgraded at BNP Paribas

Sunrun (NASDAQ:RUN) was upgraded by stock analysts at BNP Paribas from a “neutral” rating to an “outperform” rating in a report released on Tuesday,Briefing.com Automated Import reports. The firm presently has a $16.00 price target on the energy company’s stock. BNP Paribas’ target price indicates a potential upside of 45.85% from the stock’s current price.

A number of other brokerages also recently issued reports on RUN. Truist Financial reaffirmed a “hold” rating and set a $12.00 price target (down from $18.00) on shares of Sunrun in a report on Tuesday, November 12th. Guggenheim downgraded shares of Sunrun from a “buy” rating to a “neutral” rating in a report on Thursday, November 7th. BMO Capital Markets decreased their price objective on shares of Sunrun from $20.00 to $11.00 and set a “market perform” rating for the company in a report on Monday, November 11th. Oppenheimer dropped their target price on shares of Sunrun from $22.00 to $20.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. Finally, Wells Fargo & Company decreased their target price on shares of Sunrun from $20.00 to $15.00 and set an “overweight” rating for the company in a research note on Friday, November 8th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $19.31.

Sunrun Price Performance

Shares of RUN opened at $10.97 on Tuesday. Sunrun has a twelve month low of $9.01 and a twelve month high of $22.26. The company has a market capitalization of $2.46 billion, a P/E ratio of -6.03 and a beta of 2.58. The firm has a 50 day moving average of $10.98 and a 200 day moving average of $14.82. The company has a quick ratio of 1.15, a current ratio of 1.47 and a debt-to-equity ratio of 1.92.

Insider Buying and Selling

In other news, Director Lynn Michelle Jurich sold 50,000 shares of the firm’s stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $9.42, for a total transaction of $471,000.00. Following the completion of the transaction, the director now owns 1,041,753 shares in the company, valued at $9,813,313.26. This trade represents a 4.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last 90 days, insiders sold 151,766 shares of company stock worth $1,718,592. 3.77% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Sunrun

A number of hedge funds have recently bought and sold shares of RUN. International Assets Investment Management LLC raised 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 valued at $31,000 after acquiring an additional 1,638 shares during the period. Blue Trust Inc. lifted its holdings 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 buying an additional 1,465 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in Sunrun in the third quarter worth approximately $44,000. Redwood Wealth Management Group LLC bought a new stake in Sunrun during the 2nd quarter valued at $56,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Sunrun in the 2nd quarter worth $104,000. Hedge funds and other institutional investors 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.