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

Sunrun Inc. (NASDAQ:RUN - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the twenty-two analysts that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $20.12.

Several analysts have recently commented on the stock. BMO Capital Markets reduced their target price on shares of Sunrun from $20.00 to $11.00 and set a "market perform" rating for the company in a research note on Monday, November 11th. Truist Financial reaffirmed a "hold" rating and set a $12.00 price target (down previously from $18.00) on shares of Sunrun in a research note on Tuesday, November 12th. Roth Mkm reduced their target price on Sunrun from $35.00 to $30.00 and set a "buy" rating on the stock in a research note on Friday, November 8th. Wells Fargo & Company decreased their price target on shares of Sunrun from $20.00 to $15.00 and set an "overweight" rating on the stock in a research note on Friday, November 8th. Finally, Piper Sandler upped their price target on shares of Sunrun from $20.00 to $23.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 7th.

Insiders Place Their Bets

In related news, CRO Paul S. Dickson sold 2,537 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $18.23, for a total value of $46,249.51. Following the sale, the executive now owns 427,883 shares in the company, valued at approximately $7,800,307.09. This trade represents a 0.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Lynn Michelle Jurich sold 50,000 shares of the firm's stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $20.20, for a total value of $1,010,000.00. Following the transaction, the director now directly owns 1,192,446 shares in the company, valued at approximately $24,087,409.20. This represents a 4.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 196,795 shares of company stock worth $3,071,225. 3.77% of the stock is currently owned by company insiders.

Institutional Trading of Sunrun

Several hedge funds have recently bought and sold shares of RUN. Vanguard Group Inc. raised its holdings in Sunrun by 14.0% in the first quarter. Vanguard Group Inc. now owns 22,325,106 shares of the energy company's stock worth $294,245,000 after purchasing an additional 2,743,148 shares in the last quarter. Greenvale Capital LLP lifted its holdings in shares of Sunrun by 20.5% during the second quarter. Greenvale Capital LLP now owns 11,750,000 shares of the energy company's stock worth $139,355,000 after purchasing an additional 2,000,000 shares during the period. State Street Corp boosted its holdings in shares of Sunrun by 0.6% in the 3rd quarter. State Street Corp now owns 9,159,711 shares of the energy company's stock valued at $165,424,000 after acquiring an additional 54,329 shares during the last quarter. Geode Capital Management LLC grew its position in Sunrun by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 5,315,667 shares of the energy company's stock worth $96,019,000 after purchasing an additional 30,549 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in Sunrun by 20.0% during the second quarter. Dimensional Fund Advisors LP now owns 4,385,218 shares of the energy company's stock valued at $52,025,000 after acquiring an additional 729,633 shares in the last quarter. Institutional investors own 91.69% of the company's stock.

Sunrun Stock Performance

Shares of RUN stock traded up $0.49 during mid-day trading on Wednesday, hitting $10.20. 9,530,313 shares of the stock were exchanged, compared to its average volume of 12,021,094. The stock's fifty day simple moving average is $15.22 and its two-hundred day simple moving average is $15.41. The stock has a market capitalization of $2.29 billion, a price-to-earnings ratio of -5.60 and a beta of 2.61. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.15 and a current ratio of 1.47. Sunrun has a 12-month low of $9.23 and a 12-month high of $22.26.

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.