Sunrun (NASDAQ:RUN) Raised to Sell at StockNews.com

StockNews.com upgraded shares of Sunrun (NASDAQ:RUN - Free Report) to a sell rating in a research report report published on Friday morning.

RUN has been the topic of a number of other research reports. TD Cowen began coverage on Sunrun in a research note on Thursday. They set a "buy" rating and a $21.00 price objective on the stock. The Goldman Sachs Group decreased their price target on shares of Sunrun from $19.00 to $17.00 and set a "buy" rating on the stock in a research note on Tuesday. Roth Mkm cut their price objective on shares of Sunrun from $35.00 to $30.00 and set a "buy" rating for the company in a research report on Friday, November 8th. BNP Paribas lowered shares of Sunrun from an "outperform" rating to a "neutral" rating and set a $14.00 target price on the stock. in a research report on Friday, November 8th. Finally, BMO Capital Markets cut their price target on Sunrun from $20.00 to $11.00 and set a "market perform" rating for the company in a report on Monday, November 11th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, Sunrun has an average rating of "Hold" and a consensus target price of $19.21.

Sunrun Price Performance

RUN stock traded up $0.74 during midday trading on Friday, hitting $9.87. 13,761,030 shares of the stock were exchanged, compared to its average volume of 11,695,782. The stock's 50-day moving average price is $12.09 and its 200-day moving average price is $15.12. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.15 and a current ratio of 1.47. The stock has a market cap of $2.21 billion, a price-to-earnings ratio of -5.42 and a beta of 2.54. Sunrun has a fifty-two week low of $9.01 and a fifty-two week high of $22.26.

Insider Activity at Sunrun

In related news, Director Lynn Michelle Jurich sold 50,000 shares of the stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $9.42, for a total value of $471,000.00. Following the completion of the sale, the director now directly owns 1,041,753 shares in the company, valued at approximately $9,813,313.26. This represents a 4.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mary Powell sold 6,415 shares of the business's stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $16.34, for a total value of $104,821.10. Following the transaction, the chief executive officer now owns 569,368 shares in the company, valued at approximately $9,303,473.12. This represents a 1.11 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 169,691 shares of company stock worth $2,011,601. Company insiders own 3.77% of the company's stock.

Hedge Funds Weigh In On Sunrun

Institutional investors and hedge funds have recently bought and sold shares of the stock. International Assets Investment Management LLC lifted its position in shares of Sunrun by 1,706.3% during the third quarter. International Assets Investment Management LLC now owns 1,734 shares of the energy company's stock worth $31,000 after purchasing an additional 1,638 shares in the last quarter. Blue Trust Inc. lifted its holdings in Sunrun by 385.5% in the 3rd quarter. Blue Trust Inc. now owns 1,845 shares of the energy company's stock worth $33,000 after buying an additional 1,465 shares in the last quarter. Duncker Streett & Co. Inc. acquired a new position in Sunrun in the 2nd quarter worth $36,000. Wilmington Savings Fund Society FSB purchased a new position in Sunrun in the 3rd quarter valued at about $44,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Sunrun during the second quarter valued at about $45,000. Hedge funds and other institutional investors own 91.69% of the company's stock.

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.