Roth Mkm Has Lowered Expectations for Sunrun (NASDAQ:RUN) Stock Price

Sunrun (NASDAQ:RUN) had its price target decreased by research analysts at Roth Mkm from $35.00 to $30.00 in a research report issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the energy company’s stock. Roth Mkm’s target price points to a potential upside of 193.26% from the company’s current price.

RUN has been the subject of a number of other reports. Evercore ISI cut their price target on shares of Sunrun from $42.00 to $38.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. StockNews.com raised shares of Sunrun to a “sell” rating in a research note on Friday, September 27th. Oppenheimer reduced their target price on shares of Sunrun from $22.00 to $20.00 and set an “outperform” rating for the company in a report on Friday. BMO Capital Markets upped their price target on Sunrun from $17.00 to $20.00 and gave the company a “market perform” rating in a report on Wednesday, August 7th. Finally, Truist Financial reissued a “hold” rating and set a $18.00 price objective (up from $12.00) on shares of Sunrun in a research note on Wednesday, August 7th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $21.33.

Sunrun Stock Down 11.8 %

RUN stock opened at $10.23 on Friday. Sunrun has a 52 week low of $8.82 and a 52 week high of $22.26. The company has a market capitalization of $2.29 billion, a price-to-earnings ratio of -5.62 and a beta of 2.61. The firm’s 50-day moving average is $16.60 and its two-hundred day moving average is $15.43. The company has a current ratio of 1.66, a quick ratio of 1.31 and a debt-to-equity ratio of 1.84.

Insider Activity

In related news, Director Lynn Michelle Jurich sold 50,000 shares of Sunrun stock in a transaction on Friday, October 18th. The stock was sold at an average price of $14.60, for a total transaction of $730,000.00. Following the completion of the sale, the director now owns 1,142,446 shares of the company’s stock, valued at approximately $16,679,711.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Sunrun news, Director Gerald Alan Risk sold 9,045 shares of the stock in a transaction on Monday, August 19th. The shares were sold at an average price of $20.04, for a total transaction of $181,261.80. Following the transaction, the director now directly owns 334,761 shares of the company’s stock, valued at $6,708,610.44. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Lynn Michelle Jurich sold 50,000 shares of the business’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $14.60, for a total value of $730,000.00. Following the completion of the sale, the director now directly owns 1,142,446 shares of the company’s stock, valued at $16,679,711.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 155,840 shares of company stock worth $2,755,487 in the last ninety days. Corporate insiders own 3.77% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in RUN. International Assets Investment Management LLC grew its holdings 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 purchasing an additional 1,638 shares during the last quarter. Blue Trust Inc. grew its stake in Sunrun by 385.5% in 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 during the last quarter. Duncker Streett & Co. Inc. bought a new position in Sunrun in the 2nd quarter worth $36,000. CWM LLC boosted its holdings in Sunrun by 883.9% during the second quarter. CWM LLC now owns 3,355 shares of the energy company’s stock valued at $40,000 after acquiring an additional 3,014 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Sunrun in the second quarter valued at about $45,000. 91.69% of the stock is owned by institutional investors.

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.