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

Shares of Sunrun Inc. (NASDAQ:RUN) have earned a consensus rating of “Moderate Buy” from the twenty-one brokerages that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $17.20.

A number of equities research analysts have recently issued reports on RUN shares. Barclays cut their target price on shares of Sunrun from $18.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 28th. Wells Fargo & Company reduced their target price on Sunrun from $15.00 to $12.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Truist Financial reiterated a “hold” rating and issued a $9.00 price target (down from $12.00) on shares of Sunrun in a report on Monday, March 3rd. UBS Group reduced their price objective on Sunrun from $17.00 to $15.00 and set a “buy” rating on the stock in a research note on Tuesday, March 4th. Finally, BMO Capital Markets lowered their target price on shares of Sunrun from $11.00 to $9.00 and set a “market perform” rating for the company in a research note on Monday, March 3rd.

Sunrun Trading Down 1.3 %

RUN opened at $5.86 on Tuesday. Sunrun has a 12-month low of $5.55 and a 12-month high of $22.26. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.47 and a quick ratio of 1.15. The stock has a market capitalization of $1.33 billion, a PE ratio of -3.22 and a beta of 2.84. The firm’s fifty day moving average price is $7.82 and its 200 day moving average price is $11.11.

Insider Transactions at Sunrun

In other Sunrun news, CFO Danny Abajian sold 3,734 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $11.18, for a total value of $41,746.12. Following the completion of the sale, the chief financial officer now directly owns 257,969 shares in the company, valued at $2,884,093.42. This represents a 1.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Edward Harris Fenster purchased 150,000 shares of the stock in a transaction dated Monday, March 3rd. The shares were purchased at an average price of $6.80 per share, for a total transaction of $1,020,000.00. Following the completion of the transaction, the director now owns 1,358,182 shares in the company, valued at $9,235,637.60. This trade represents a 12.42 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 121,466 shares of company stock valued at $1,136,397. 3.77% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new stake in Sunrun in the third quarter worth about $44,000. Aster Capital Management DIFC Ltd bought a new stake in shares of Sunrun in the 4th quarter worth approximately $29,000. Newbridge Financial Services Group Inc. lifted its stake in Sunrun by 133.3% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 3,500 shares of the energy company’s stock valued at $32,000 after purchasing an additional 2,000 shares during the last quarter. Summit Securities Group LLC acquired a new stake in Sunrun during the fourth quarter valued at approximately $53,000. Finally, Union Bancaire Privee UBP SA bought a new stake in Sunrun during the fourth quarter worth approximately $56,000. 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.