Sunrun (NASDAQ:RUN) Given New $15.00 Price Target at UBS Group

Sunrun (NASDAQ:RUN) had its price target cut by UBS Group from $17.00 to $15.00 in a report published on Tuesday,Benzinga reports. They currently have a buy rating on the energy company’s stock.

Other equities analysts have also recently issued research reports about the stock. Guggenheim cut shares of Sunrun from a “buy” rating to a “neutral” rating in a research note on Thursday, November 7th. BNP Paribas raised shares of Sunrun from a “neutral” rating to an “outperform” rating and set a $16.00 price objective on the stock in a research note on Tuesday, January 7th. Oppenheimer lowered their price objective on shares of Sunrun from $22.00 to $20.00 and set an “outperform” rating on the stock in a research note on Friday, November 8th. Royal Bank of Canada lowered their price objective on shares of Sunrun from $17.00 to $14.00 and set an “outperform” rating on the stock in a research note on Monday. Finally, Wells Fargo & Company lowered their price objective on shares of Sunrun from $15.00 to $12.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, Sunrun currently has an average rating of “Moderate Buy” and an average target price of $17.51.

Sunrun Stock Performance

Shares of RUN opened at $6.87 on Tuesday. The firm’s 50 day moving average is $9.07 and its 200-day moving average is $12.81. The stock has a market capitalization of $1.54 billion, a P/E ratio of -3.77 and a beta of 2.59. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.47 and a quick ratio of 1.15. Sunrun has a 12-month low of $5.93 and a 12-month high of $22.26.

Insider Buying and Selling

In other news, Director Lynn Michelle Jurich sold 50,000 shares of the business’s stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $9.42, for a total value of $471,000.00. Following the completion of the sale, the director now directly owns 1,041,753 shares in the company, valued at approximately $9,813,313.26. The trade was a 4.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CRO Paul S. Dickson sold 2,968 shares of the business’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $11.18, for a total transaction of $33,182.24. Following the completion of the sale, the executive now owns 418,492 shares of the company’s stock, valued at $4,678,740.56. The trade was a 0.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 163,064 shares of company stock worth $1,551,556. 3.77% of the stock is owned by company insiders.

Institutional Trading of Sunrun

A number of institutional investors and hedge funds have recently modified their holdings of RUN. Vanguard Group Inc. increased its position in Sunrun by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 23,749,115 shares of the energy company’s stock worth $219,679,000 after acquiring an additional 343,448 shares during the period. Greenvale Capital LLP increased its position in Sunrun by 50.3% during the fourth quarter. Greenvale Capital LLP now owns 13,500,000 shares of the energy company’s stock worth $124,875,000 after acquiring an additional 4,516,793 shares during the period. Alyeska Investment Group L.P. increased its holdings in Sunrun by 593.9% in the 4th quarter. Alyeska Investment Group L.P. now owns 12,028,454 shares of the energy company’s stock valued at $111,263,000 after buying an additional 10,294,947 shares during the period. State Street Corp increased its holdings in Sunrun by 0.6% in the 3rd quarter. State Street Corp now owns 9,159,711 shares of the energy company’s stock valued at $165,424,000 after buying an additional 54,329 shares during the period. Finally, Sylebra Capital LLC increased its holdings in Sunrun by 124.0% in the 4th quarter. Sylebra Capital LLC now owns 6,683,162 shares of the energy company’s stock valued at $61,819,000 after buying an additional 3,699,405 shares during the period. 91.69% of the stock is currently owned by institutional investors and hedge funds.

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.