Sunrun Inc. (NASDAQ:RUN) Given Average Recommendation of "Moderate Buy" by Analysts

Sunrun Inc. (NASDAQ:RUN - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the twenty-one brokerages that are presently covering the firm, Marketbeat reports. One equities 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 12 month target price among brokerages that have updated their coverage on the stock in the last year is $17.20.

A number of research analysts have recently commented on RUN shares. Wells Fargo & Company dropped their price objective on Sunrun from $15.00 to $12.00 and set an "overweight" rating on the stock in a report on Wednesday, January 8th. Truist Financial reiterated a "hold" rating and issued a $9.00 price target (down from $12.00) on shares of Sunrun in a research note on Monday, March 3rd. TD Cowen reduced their price objective on shares of Sunrun from $18.00 to $14.00 and set a "buy" rating for the company in a research report on Friday, February 28th. BNP Paribas raised shares of Sunrun from a "neutral" rating to an "outperform" rating and set a $16.00 target price on the stock in a research report on Tuesday, January 7th. Finally, BMO Capital Markets reduced their price target on shares of Sunrun from $11.00 to $9.00 and set a "market perform" rating for the company in a research report on Monday, March 3rd.

Insiders Place Their Bets

In related news, CFO Danny Abajian sold 3,734 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $11.18, for a total transaction of $41,746.12. Following the transaction, the chief financial officer now directly owns 257,969 shares in the company, valued at approximately $2,884,093.42. This represents a 1.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CRO Paul S. Dickson sold 2,968 shares of Sunrun 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 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 have sold 121,466 shares of company stock valued at $1,136,397 in the last ninety days. Insiders own 3.77% of the company's stock.

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Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. CIBC Asset Management Inc increased its position in Sunrun by 5.8% during the fourth quarter. CIBC Asset Management Inc now owns 24,774 shares of the energy company's stock worth $229,000 after purchasing an additional 1,360 shares during the last quarter. Guggenheim Capital LLC lifted its stake in shares of Sunrun by 6.8% in the 4th quarter. Guggenheim Capital LLC now owns 27,321 shares of the energy company's stock valued at $253,000 after purchasing an additional 1,749 shares in the last quarter. Xponance Inc. lifted its stake in shares of Sunrun by 13.2% in the 4th quarter. Xponance Inc. now owns 16,265 shares of the energy company's stock valued at $150,000 after purchasing an additional 1,895 shares in the last quarter. Newbridge Financial Services Group Inc. grew its holdings in shares of 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 purchasing an additional 2,000 shares during the period. Finally, Scotia Capital Inc. increased its position in Sunrun by 17.7% during the 4th quarter. Scotia Capital Inc. now owns 14,377 shares of the energy company's stock worth $133,000 after purchasing an additional 2,157 shares in the last quarter. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

Sunrun Stock Down 1.2 %

Shares of RUN stock traded down $0.07 on Tuesday, reaching $5.94. 9,955,810 shares of the stock were exchanged, compared to its average volume of 10,762,876. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of -3.26 and a beta of 2.84. The business's 50 day moving average price is $7.96 and its 200 day moving average price is $11.38. The company has a current ratio of 1.47, a quick ratio of 1.15 and a debt-to-equity ratio of 1.92. Sunrun has a twelve month low of $5.90 and a twelve month high of $22.26.

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.