Sunrun Inc. (NASDAQ:RUN - Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $10.97, but opened at $11.35. Sunrun shares last traded at $11.81, with a volume of 1,881,660 shares trading hands.
Analysts Set New Price Targets
A number of analysts have recently weighed in on RUN shares. Oppenheimer cut their price objective on shares of Sunrun from $22.00 to $20.00 and set an "outperform" rating on the stock in a research note on Friday, November 8th. Piper Sandler lowered Sunrun from an "overweight" rating to a "neutral" rating and reduced their price objective for the company from $23.00 to $11.00 in a research note on Friday, November 22nd. BMO Capital Markets lowered their target price on Sunrun from $20.00 to $11.00 and set a "market perform" rating on the stock in a research note on Monday, November 11th. Roth Mkm reduced their price target on Sunrun from $35.00 to $30.00 and set a "buy" rating for the company in a research report on Friday, November 8th. Finally, Susquehanna lowered their price objective on Sunrun from $24.00 to $23.00 and set a "positive" rating on the stock in a research report on Wednesday, October 16th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $19.31.
Get Our Latest Report on RUN
Sunrun Trading Up 3.6 %
The company has a current ratio of 1.47, a quick ratio of 1.15 and a debt-to-equity ratio of 1.92. The firm has a market capitalization of $2.55 billion, a price-to-earnings ratio of -6.25 and a beta of 2.58. The company has a fifty day moving average price of $10.98 and a two-hundred day moving average price of $14.82.
Insiders Place Their Bets
In related news, CRO Paul S. Dickson sold 2,968 shares of the business's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $11.18, for a total value of $33,182.24. Following the sale, the executive now directly owns 418,492 shares in the company, valued at approximately $4,678,740.56. The trade was a 0.70 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lynn Michelle Jurich sold 50,000 shares of the stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $14.60, for a total transaction of $730,000.00. Following the transaction, the director now directly owns 1,142,446 shares of the company's stock, valued at approximately $16,679,711.60. This trade represents a 4.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 164,830 shares of company stock valued at $1,864,647 in the last three months. 3.77% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Sunrun
Large investors have recently made changes to their positions in the stock. Principal Financial Group Inc. raised its position in Sunrun by 33.7% in the third quarter. Principal Financial Group Inc. now owns 1,460,949 shares of the energy company's stock valued at $26,385,000 after purchasing an additional 367,835 shares during the period. Erste Asset Management GmbH acquired a new position in Sunrun during the 3rd quarter worth about $76,152,000. Symmetry Investments LP purchased a new position in Sunrun during the 2nd quarter valued at about $1,205,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in Sunrun by 113.5% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,515,302 shares of the energy company's stock valued at $45,426,000 after acquiring an additional 1,337,302 shares in the last quarter. Finally, Aigen Investment Management LP purchased a new stake in Sunrun during the third quarter worth about $955,000. 91.69% of the stock is currently owned by institutional investors and hedge funds.
About Sunrun
(
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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.
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