Sunrun (NASDAQ:RUN) Upgraded by UBS Group to "Buy" Rating

Sunrun (NASDAQ:RUN - Get Free Report) was upgraded by equities researchers at UBS Group from a "neutral" rating to a "buy" rating in a report released on Friday, MarketBeat reports. The firm currently has a $17.00 target price on the energy company's stock, up from their previous target price of $14.00. UBS Group's price objective would suggest a potential upside of 69.32% from the company's previous close.

RUN has been the subject of a number of other reports. Morgan Stanley reduced their price objective on shares of Sunrun from $35.00 to $27.00 and set an "overweight" rating for the company in a research note on Friday, November 15th. 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. Piper Sandler cut Sunrun from an "overweight" rating to a "neutral" rating and dropped their price objective for the stock from $23.00 to $11.00 in a report on Friday, November 22nd. Truist Financial restated a "hold" rating and issued a $12.00 target price (down previously from $18.00) on shares of Sunrun in a research note on Tuesday, November 12th. Finally, Guggenheim downgraded shares of Sunrun from a "buy" rating to a "neutral" rating in a report on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $19.31.

Sunrun Stock Performance

NASDAQ RUN traded down $0.71 during trading on Friday, hitting $10.04. 12,175,683 shares of the company's stock traded hands, compared to its average volume of 9,102,512. 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 capitalization of $2.25 billion, a price-to-earnings ratio of -5.52 and a beta of 2.58. Sunrun has a 12-month low of $9.01 and a 12-month high of $22.26. The business has a 50 day moving average of $10.78 and a 200-day moving average of $14.76.

Insider Activity at Sunrun

In other news, Director Lynn Michelle Jurich sold 50,000 shares of Sunrun stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $9.94, for a total value of $497,000.00. Following the transaction, the director now owns 1,092,446 shares in the company, valued at approximately $10,858,913.24. The trade was a 4.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mary Powell sold 4,350 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 $48,633.00. Following the completion of the sale, the chief executive officer now directly 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. In the last three months, insiders have sold 164,830 shares of company stock valued at $1,864,647. Corporate insiders own 3.77% of the company's stock.

Institutional Trading of Sunrun

Several hedge funds and other institutional investors have recently bought and sold shares of RUN. Victory Capital Management Inc. grew its stake in shares of Sunrun by 1.5% in the second quarter. Victory Capital Management Inc. now owns 45,374 shares of the energy company's stock worth $538,000 after purchasing an additional 691 shares during the last quarter. Creative Planning grew its position in shares of Sunrun by 0.3% in the 3rd quarter. Creative Planning now owns 290,259 shares of the energy company's stock worth $5,242,000 after buying an additional 784 shares during the last quarter. Van ECK Associates Corp increased its stake in shares of Sunrun by 1.8% during the third quarter. Van ECK Associates Corp now owns 50,105 shares of the energy company's stock valued at $905,000 after buying an additional 886 shares during the period. Blue Trust Inc. increased its stake in shares of Sunrun by 385.5% during the third quarter. Blue Trust Inc. now owns 1,845 shares of the energy company's stock valued at $33,000 after buying an additional 1,465 shares during the period. Finally, Mercer Global Advisors Inc. ADV lifted its stake in Sunrun by 3.1% in the second quarter. Mercer Global Advisors Inc. ADV now owns 49,762 shares of the energy company's stock worth $600,000 after acquiring an additional 1,485 shares during the period. Institutional investors own 91.69% of the company's stock.

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.