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

Sunrun Inc. (NASDAQ:RUN) has received a consensus rating of “Moderate Buy” from the twenty-one analysts that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and fourteen have given a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $17.51.

Several analysts have recently weighed in on RUN shares. StockNews.com upgraded Sunrun to a “sell” rating in a report on Friday, December 20th. Jefferies Financial Group cut their target price on Sunrun from $19.00 to $17.00 and set a “buy” rating on the stock in a report on Tuesday, January 28th. BMO Capital Markets lowered their price target on shares of Sunrun from $11.00 to $9.00 and set a “market perform” rating for the company in a report on Monday. Barclays reduced their price objective 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. Finally, TD Cowen cut their target price on Sunrun from $18.00 to $14.00 and set a “buy” rating on the stock in a research report on Friday, February 28th.

Insider Activity

In related news, CEO Mary Powell sold 4,350 shares of Sunrun stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $11.18, for a total transaction of $48,633.00. Following the transaction, the chief executive officer now owns 560,321 shares of the company’s stock, valued at $6,264,388.78. The trade was a 0.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CRO Paul S. Dickson sold 2,968 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $11.18, for a total value of $33,182.24. Following the sale, the executive now owns 418,492 shares of the company’s stock, valued at $4,678,740.56. This trade represents a 0.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 163,064 shares of company stock worth $1,551,556 over the last three months. 3.77% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Van ECK Associates Corp grew its position in Sunrun by 1.8% in the 3rd quarter. Van ECK Associates Corp now owns 50,105 shares of the energy company’s stock worth $905,000 after purchasing an additional 886 shares in the last quarter. CIBC Asset Management Inc boosted its stake in shares of Sunrun by 5.8% in the 4th quarter. CIBC Asset Management Inc now owns 24,774 shares of the energy company’s stock worth $229,000 after buying an additional 1,360 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Sunrun by 385.5% in the third 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. International Assets Investment Management LLC increased its position in shares of 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 acquiring an additional 1,638 shares during the last quarter. Finally, Guggenheim Capital LLC lifted its holdings in Sunrun by 6.8% during the fourth quarter. Guggenheim Capital LLC now owns 27,321 shares of the energy company’s stock worth $253,000 after acquiring an additional 1,749 shares during the period. 91.69% of the stock is owned by institutional investors.

Sunrun Trading Down 0.4 %

NASDAQ RUN opened at $6.87 on Friday. The company has a market cap of $1.54 billion, a price-to-earnings ratio of -3.77 and a beta of 2.59. Sunrun has a twelve month low of $5.93 and a twelve month high of $22.26. 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 business’s fifty day moving average is $9.07 and its 200 day moving average is $12.81.

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.