UBS Group Has Lowered Expectations for Sunrun (NASDAQ:RUN) Stock Price

Sunrun (NASDAQ:RUN - Free Report) had its price target lowered by UBS Group from $17.00 to $15.00 in a report issued on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the energy company's stock.

RUN has been the topic of a number of other research reports. TD Cowen lowered their target price on Sunrun from $18.00 to $14.00 and set a "buy" rating on the stock in a research report on Friday, February 28th. Oppenheimer cut their price target on shares of Sunrun from $22.00 to $20.00 and set an "outperform" rating for the company in a research note on Friday, November 8th. BMO Capital Markets cut their target price on shares of Sunrun from $11.00 to $9.00 and set a "market perform" rating for the company in a research note on Monday. The Goldman Sachs Group lowered their price target on Sunrun from $17.00 to $15.00 and set a "buy" rating on the stock in a research report on Monday. Finally, Piper Sandler downgraded Sunrun from an "overweight" rating to a "neutral" rating and reduced their target price for the stock from $23.00 to $11.00 in a research note on Friday, November 22nd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $17.51.

Sunrun Stock Down 3.3 %

RUN stock traded down $0.23 during trading hours on Tuesday, reaching $6.67. 4,074,940 shares of the stock were exchanged, compared to its average volume of 10,825,507. The company has a market cap of $1.50 billion, a price-to-earnings ratio of -3.65 and a beta of 2.59. The firm's 50-day moving average is $9.13 and its 200-day moving average is $12.85. Sunrun has a 12 month low of $5.93 and a 12 month high of $22.26. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.47 and a quick ratio of 1.15.

Insider Buying and Selling at Sunrun

In other news, Director Edward Harris Fenster bought 150,000 shares of Sunrun stock in a transaction dated Monday, March 3rd. The shares were purchased at an average cost of $6.80 per share, with a total value of $1,020,000.00. Following the completion of the acquisition, the director now owns 1,358,182 shares of the company's stock, valued at $9,235,637.60. This trade represents a 12.42 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Mary Powell sold 4,350 shares of Sunrun stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $11.18, for a total value of $48,633.00. Following the completion of the transaction, the chief executive officer now owns 560,321 shares of the company's stock, valued at approximately $6,264,388.78. This trade represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 163,064 shares of company stock worth $1,551,556. 3.77% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. International Assets Investment Management LLC lifted its holdings in shares of 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 worth $31,000 after buying an additional 1,638 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in Sunrun in the third quarter worth about $44,000. Aster Capital Management DIFC Ltd bought a new position in Sunrun during the 4th quarter worth about $29,000. Newbridge Financial Services Group Inc. increased its position in Sunrun by 133.3% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 3,500 shares of the energy company's stock valued at $32,000 after purchasing an additional 2,000 shares during the period. Finally, Summit Securities Group LLC bought a new stake in shares of Sunrun in the 4th quarter valued at about $53,000. 91.69% of the stock is currently owned by institutional investors.

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.