Sunrun (NASDAQ:RUN) Raised to "Outperform" at BNP Paribas

BNP Paribas upgraded shares of Sunrun (NASDAQ:RUN - Free Report) from a neutral rating to an outperform rating in a research note released on Tuesday, MarketBeat reports. BNP Paribas currently has $16.00 target price on the energy company's stock.

Other equities research analysts have also issued research reports about the stock. The Goldman Sachs Group decreased their price objective on shares of Sunrun from $19.00 to $17.00 and set a "buy" rating for the company in a report on Tuesday, December 17th. Wells Fargo & Company lowered their price target on Sunrun from $20.00 to $15.00 and set an "overweight" rating for the company in a report on Friday, November 8th. TD Cowen assumed coverage on Sunrun in a research note on Thursday, December 19th. They issued a "buy" rating and a $21.00 price objective on the stock. Piper Sandler lowered Sunrun from an "overweight" rating to a "neutral" rating and decreased their target price for the company from $23.00 to $11.00 in a research report on Friday, November 22nd. Finally, Morgan Stanley dropped their price target on Sunrun from $35.00 to $27.00 and set an "overweight" rating on the stock in a research report on Friday, November 15th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat.com, Sunrun has a consensus rating of "Hold" and a consensus target price of $19.31.

Sunrun Trading Up 3.6 %

RUN stock traded up $0.40 during midday trading on Tuesday, reaching $11.37. The company's stock had a trading volume of 10,173,392 shares, compared to its average volume of 8,641,270. The firm has a market capitalization of $2.55 billion, a price-to-earnings ratio of -6.25 and a beta of 2.58. Sunrun has a 1 year low of $9.01 and a 1 year high of $22.26. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.15 and a current ratio of 1.47. The stock has a fifty day simple moving average of $10.92 and a two-hundred day simple moving average of $14.81.

Insider Buying and Selling at Sunrun

In other Sunrun news, Director Lynn Michelle Jurich sold 50,000 shares of Sunrun stock in a transaction dated 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. The trade was a 4.19 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CRO Paul S. Dickson sold 2,968 shares of the stock in a transaction dated 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 transaction, the executive now directly owns 418,492 shares in the company, valued at $4,678,740.56. This represents a 0.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 164,830 shares of company stock worth $1,864,647. 3.77% of the stock is owned by insiders.

Hedge Funds Weigh In On Sunrun

Hedge funds and other institutional investors have recently bought and sold shares of the business. Principal Financial Group Inc. boosted its holdings in shares of Sunrun by 33.7% in the 3rd quarter. Principal Financial Group Inc. now owns 1,460,949 shares of the energy company's stock valued at $26,385,000 after acquiring an additional 367,835 shares during the last quarter. Erste Asset Management GmbH acquired a new position in Sunrun during the third quarter valued at $76,152,000. Symmetry Investments LP purchased a new stake in Sunrun in the second quarter valued at $1,205,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in Sunrun by 113.5% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,515,302 shares of the energy company's stock worth $45,426,000 after purchasing an additional 1,337,302 shares during the period. Finally, Aigen Investment Management LP purchased a new position in shares of Sunrun during the 3rd quarter valued at about $955,000. Institutional investors and hedge funds own 91.69% of the company's stock.

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.