Sunrun (NASDAQ:RUN) Price Target Cut to $9.00 by Analysts at BMO Capital Markets

Sunrun (NASDAQ:RUN - Get Free Report) had its price target cut by research analysts at BMO Capital Markets from $11.00 to $9.00 in a report issued on Monday,Benzinga reports. The firm presently has a "market perform" rating on the energy company's stock. BMO Capital Markets' target price would indicate a potential upside of 45.87% from the company's current price.

Other equities analysts have also issued research reports about the company. The Goldman Sachs Group lowered their price target on Sunrun from $19.00 to $17.00 and set a "buy" rating for the company in a research report on Tuesday, December 17th. Glj Research reaffirmed a "sell" rating and issued a $7.78 target price on shares of Sunrun in a report on Thursday, November 7th. Jefferies Financial Group cut their price target on shares of Sunrun from $19.00 to $17.00 and set a "buy" rating on the stock in a report on Tuesday, January 28th. StockNews.com upgraded shares of Sunrun to a "sell" rating in a report on Friday, December 20th. Finally, Oppenheimer cut their target price on Sunrun from $22.00 to $20.00 and set an "outperform" rating on the stock in a research note on Friday, November 8th. Two 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's stock. According to data from MarketBeat, Sunrun currently has a consensus rating of "Moderate Buy" and an average target price of $17.61.

Sunrun Stock Down 14.9 %

RUN stock traded down $1.08 on Monday, reaching $6.17. 24,935,388 shares of the company traded hands, compared to its average volume of 10,638,377. The firm has a fifty day simple moving average of $9.20 and a 200-day simple moving average of $12.94. The company has a market cap of $1.38 billion, a P/E ratio of -3.39 and a beta of 2.59. Sunrun has a one year low of $6.00 and a one year 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.

Insider Transactions at Sunrun

In other news, CRO Paul S. Dickson sold 2,968 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $11.18, for a total value of $33,182.24. Following the completion of the sale, the executive now directly owns 418,492 shares of the company's stock, valued at $4,678,740.56. This represents a 0.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Lynn Michelle Jurich sold 50,000 shares of the company's stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $9.42, for a total transaction of $471,000.00. Following the completion of the transaction, the director now directly owns 1,041,753 shares of the company's stock, valued at $9,813,313.26. This represents a 4.58 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 163,064 shares of company stock worth $1,551,556 in the last 90 days. 3.77% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Sunrun

Several large investors have recently made changes to their positions in RUN. Sylebra Capital LLC lifted 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 worth $61,819,000 after purchasing an additional 3,699,405 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Sunrun by 8.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 662,211 shares of the energy company's stock valued at $6,125,000 after buying an additional 52,176 shares during the last quarter. Vident Advisory LLC lifted its holdings in shares of Sunrun by 76.9% in the fourth quarter. Vident Advisory LLC now owns 20,219 shares of the energy company's stock worth $187,000 after buying an additional 8,792 shares in the last quarter. Teza Capital Management LLC grew its stake in Sunrun by 12.9% during the fourth quarter. Teza Capital Management LLC now owns 44,677 shares of the energy company's stock valued at $413,000 after acquiring an additional 5,121 shares in the last quarter. Finally, Raiffeisen Bank International AG purchased a new stake in Sunrun in the 4th quarter worth $2,363,000. 91.69% of the stock is currently owned by hedge funds and other 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.