Analysts Set Sunrun Inc. (NASDAQ:RUN) PT at $15.68

Sunrun Inc. (NASDAQ:RUN - Get Free Report) has been assigned a consensus recommendation of "Hold" from the twenty-one ratings firms that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and eleven have given a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $14.92.

RUN has been the topic of several research analyst reports. Royal Bank of Canada decreased their price target on shares of Sunrun from $17.00 to $14.00 and set an "outperform" rating on the stock in a research report on Monday, March 3rd. Susquehanna reduced their price target on Sunrun from $13.00 to $10.00 and set a "positive" rating on the stock in a research report on Monday, April 14th. TD Cowen reduced their target price on Sunrun from $18.00 to $14.00 and set a "buy" rating on the stock in a report on Friday, February 28th. Roth Capital set a $20.00 target price on Sunrun in a research report on Friday, February 28th. Finally, BMO Capital Markets lowered their price target on Sunrun from $11.00 to $9.00 and set a "market perform" rating on the stock in a research report on Monday, March 3rd.

Insider Transactions at Sunrun

In related news, Director Lynn Michelle Jurich sold 50,000 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $9.10, for a total transaction of $455,000.00. Following the completion of the transaction, the director now owns 941,753 shares of the company's stock, valued at approximately $8,569,952.30. The trade was a 5.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeanna Steele sold 9,942 shares of the business's stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $6.74, for a total transaction of $67,009.08. Following the completion of the transaction, the insider now directly owns 291,238 shares of the company's stock, valued at approximately $1,962,944.12. This represents a 3.30 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 138,540 shares of company stock worth $1,050,944 over the last quarter. Corporate insiders own 3.77% of the company's stock.

Institutional Trading of Sunrun

Several large investors have recently modified their holdings of the business. Aster Capital Management DIFC Ltd bought a new stake in Sunrun during the 4th quarter valued at approximately $29,000. Newbridge Financial Services Group Inc. grew its position in Sunrun by 133.3% in 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. Wilmington Savings Fund Society FSB bought a new stake in Sunrun in the 3rd quarter worth approximately $44,000. Summit Securities Group LLC bought a new stake in Sunrun in the 4th quarter worth approximately $53,000. Finally, Union Bancaire Privee UBP SA bought a new stake in Sunrun in the 4th quarter worth approximately $56,000. 91.69% of the stock is owned by institutional investors.

Sunrun Stock Up 1.3 %

NASDAQ:RUN traded up $0.09 on Friday, hitting $6.97. 1,708,048 shares of the company's stock traded hands, compared to its average volume of 10,691,946. 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 1 year low of $5.45 and a 1 year high of $22.26. The firm has a 50-day moving average price of $6.94 and a 200-day moving average price of $9.71. The company has a market cap of $1.58 billion, a PE ratio of -3.83 and a beta of 2.74.

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.