Sunrun (NASDAQ:RUN) Now Covered by Analysts at TD Cowen

Analysts at TD Cowen initiated coverage on shares of Sunrun (NASDAQ:RUN - Get Free Report) in a research report issued to clients and investors on Thursday, Marketbeat.com reports. The firm set a "buy" rating and a $21.00 price target on the energy company's stock. TD Cowen's target price suggests a potential upside of 130.01% from the stock's current price.

Other equities analysts also recently issued reports about the stock. UBS Group lowered their price objective on shares of Sunrun from $18.00 to $14.00 and set a "neutral" rating for the company in a research note on Tuesday, November 26th. Piper Sandler cut shares of Sunrun from an "overweight" rating to a "neutral" rating and reduced their price target for the company from $23.00 to $11.00 in a research report on Friday, November 22nd. Morgan Stanley reduced their price target on Sunrun from $35.00 to $27.00 and set an "overweight" rating on the stock in a research note on Friday, November 15th. Wells Fargo & Company lowered their price target on shares of Sunrun from $20.00 to $15.00 and set an "overweight" rating for the company in a research report on Friday, November 8th. Finally, Susquehanna cut their price target on Sunrun from $24.00 to $23.00 and set a "positive" rating on the stock in a research note on Wednesday, October 16th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $19.21.

Sunrun Price Performance

Shares of RUN stock traded down $0.02 during trading hours on Thursday, reaching $9.13. The stock had a trading volume of 12,913,688 shares, compared to its average volume of 11,687,216. The firm has a market capitalization of $2.05 billion, a PE ratio of -5.02 and a beta of 2.54. Sunrun has a 12 month low of $9.08 and a 12 month high of $22.26. The stock's fifty day simple moving average is $12.09 and its 200 day simple moving average is $15.12. The company has a current ratio of 1.47, a quick ratio of 1.15 and a debt-to-equity ratio of 1.92.

Insiders Place Their Bets

In other Sunrun news, CFO Danny Abajian sold 4,869 shares of the company's stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $16.35, for a total transaction of $79,608.15. Following the completion of the sale, the chief financial officer now directly owns 269,393 shares in the company, valued at $4,404,575.55. This represents a 1.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CRO Paul S. Dickson sold 4,017 shares of Sunrun stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $16.35, for a total value of $65,677.95. Following the completion of the transaction, the executive now directly owns 423,866 shares in the company, valued at $6,930,209.10. This represents a 0.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 119,691 shares of company stock valued at $1,540,601 in the last ninety days. Insiders own 3.77% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Greenvale Capital LLP grew its position 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 buying an additional 2,000,000 shares in the last quarter. State Street Corp increased its position 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 worth $165,424,000 after purchasing an additional 54,329 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Sunrun by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 5,315,667 shares of the energy company's stock valued at $96,019,000 after purchasing an additional 30,549 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Sunrun by 20.0% in the second quarter. Dimensional Fund Advisors LP now owns 4,385,218 shares of the energy company's stock worth $52,025,000 after purchasing an additional 729,633 shares in the last quarter. Finally, Erste Asset Management GmbH bought a new stake in Sunrun in the third quarter valued at about $76,152,000. 91.69% of the stock is owned by institutional investors and hedge funds.

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.