Sunrun Inc. (NASDAQ:RUN) Receives $17.20 Consensus PT from Analysts

Sunrun Inc. (NASDAQ:RUN) has received a consensus recommendation of “Moderate Buy” from the twenty-one research firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and thirteen have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $17.20.

Several analysts have recently commented on RUN shares. Wells Fargo & Company lowered their price target on shares of Sunrun from $15.00 to $12.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. BNP Paribas raised Sunrun from a “neutral” rating to an “outperform” rating and set a $16.00 price target for the company in a research report on Tuesday, January 7th. Barclays reduced their price objective on Sunrun from $18.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 28th. StockNews.com upgraded Sunrun to a “sell” rating in a research report on Friday, December 20th. Finally, BMO Capital Markets reduced their target price on shares of Sunrun from $11.00 to $9.00 and set a “market perform” rating on the stock in a report on Monday, March 3rd.

Insider Transactions at Sunrun

In related news, Director Edward Harris Fenster purchased 150,000 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was purchased at an average cost of $6.80 per share, for a total transaction of $1,020,000.00. Following the acquisition, the director now owns 1,358,182 shares in the company, valued at approximately $9,235,637.60. This trade represents a 12.42 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lynn Michelle Jurich sold 50,000 shares of the business’s stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $9.59, for a total value of $479,500.00. Following the transaction, the director now owns 991,753 shares in the company, valued at approximately $9,510,911.27. This represents a 4.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 121,466 shares of company stock worth $1,136,397 in the last three months. 3.77% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Sunrun

Several hedge funds have recently modified their holdings of RUN. Aster Capital Management DIFC Ltd purchased a new stake in shares of Sunrun during the fourth quarter valued at approximately $29,000. Newbridge Financial Services Group Inc. increased its stake in Sunrun by 133.3% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 3,500 shares of the energy company’s stock worth $32,000 after buying an additional 2,000 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in Sunrun in the 3rd quarter worth $44,000. Summit Securities Group LLC purchased a new position in Sunrun in the 4th quarter valued at about $53,000. Finally, Union Bancaire Privee UBP SA acquired a new stake in shares of Sunrun during the fourth quarter valued at about $56,000. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

Sunrun Price Performance

Sunrun stock opened at $5.86 on Tuesday. The firm has a market capitalization of $1.33 billion, a PE ratio of -3.22 and a beta of 2.84. Sunrun has a 52 week low of $5.55 and a 52 week high of $22.26. The firm’s 50-day simple moving average is $7.82 and its 200 day simple moving average is $11.11. The company has a quick ratio of 1.15, a current ratio of 1.47 and a debt-to-equity ratio of 1.92.

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.