Brokerages Set Sunrun Inc. (NASDAQ:RUN) Price Target at $19.16

Shares of Sunrun Inc. (NASDAQ:RUN - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the twenty-two ratings firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $19.16.

Several equities research analysts recently commented on RUN shares. UBS Group dropped their target price on Sunrun from $18.00 to $14.00 and set a "neutral" rating on the stock in a report on Tuesday, November 26th. Morgan Stanley cut their price objective on Sunrun from $35.00 to $27.00 and set an "overweight" rating for the company in a report on Friday, November 15th. Oppenheimer lowered their target price on Sunrun from $22.00 to $20.00 and set an "outperform" rating on the stock in a report on Friday, November 8th. Glj Research reissued a "sell" rating and issued a $7.78 price target on shares of Sunrun in a report on Thursday, November 7th. Finally, The Goldman Sachs Group lowered their price objective on shares of Sunrun from $19.00 to $17.00 and set a "buy" rating on the stock in a research note on Tuesday, December 17th.

Sunrun Stock Performance

Shares of NASDAQ:RUN traded down $0.62 during trading hours on Thursday, hitting $10.75. The stock had a trading volume of 7,864,178 shares, compared to its average volume of 8,487,673. The stock's fifty day simple moving average is $10.78 and its 200 day simple moving average is $14.76. The firm has a market capitalization of $2.41 billion, a price-to-earnings ratio of -5.91 and a beta of 2.58. 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 1-year low of $9.01 and a 1-year high of $22.26.

Insider Activity at Sunrun

In other Sunrun news, Director Lynn Michelle Jurich sold 50,000 shares of the company's stock in a transaction that occurred on 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 $16,679,711.60. This represents a 4.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Danny Abajian sold 3,734 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $11.18, for a total value of $41,746.12. Following the transaction, the chief financial officer now owns 257,969 shares in the company, valued at approximately $2,884,093.42. This trade represents a 1.43 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 164,830 shares of company stock valued at $1,864,647. 3.77% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Sunrun

Several hedge funds have recently modified their holdings of the business. International Assets Investment Management LLC raised its holdings in Sunrun by 1,706.3% in the 3rd quarter. International Assets Investment Management LLC now owns 1,734 shares of the energy company's stock valued at $31,000 after acquiring an additional 1,638 shares in the last quarter. Blue Trust Inc. increased its position in shares of Sunrun by 385.5% during the third quarter. Blue Trust Inc. now owns 1,845 shares of the energy company's stock valued at $33,000 after purchasing an additional 1,465 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of Sunrun in the third quarter valued at $44,000. Redwood Wealth Management Group LLC bought a new position in Sunrun in the second quarter worth $56,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in Sunrun during the second quarter worth $104,000. 91.69% of the stock is owned by 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.