Wells Fargo & Company Lowers Sunrun (NASDAQ:RUN) Price Target to $12.00

Sunrun (NASDAQ:RUN - Free Report) had its price objective lowered by Wells Fargo & Company from $15.00 to $12.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has an overweight rating on the energy company's stock.

Several other research analysts have also issued reports on the stock. Susquehanna decreased their price target on shares of Sunrun from $24.00 to $23.00 and set a "positive" rating for the company in a research note on Wednesday, October 16th. UBS Group lowered their target price on shares of Sunrun from $18.00 to $14.00 and set a "neutral" rating for the company in a report on Tuesday, November 26th. Glj Research restated a "sell" rating and issued a $7.78 price target on shares of Sunrun in a research note on Thursday, November 7th. Piper Sandler cut Sunrun from an "overweight" rating to a "neutral" rating and lowered their price objective for the company from $23.00 to $11.00 in a research note on Friday, November 22nd. Finally, Truist Financial reissued a "hold" rating and issued a $12.00 target price (down from $18.00) on shares of Sunrun in a report on Tuesday, November 12th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $19.16.

Sunrun Trading Down 5.5 %

Shares of Sunrun stock traded down $0.62 during midday trading on Wednesday, reaching $10.75. 7,864,178 shares of the company's stock traded hands, compared to its average volume of 8,487,673. The company has a market cap of $2.41 billion, a PE ratio of -5.91 and a beta of 2.58. The stock has a 50 day moving average of $10.86 and a 200-day moving average of $14.78. Sunrun has a 12 month low of $9.01 and a 12 month high of $22.26. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.15 and a current ratio of 1.47.

Insider Buying and Selling at Sunrun

In related news, CEO Mary Powell sold 4,350 shares of the stock in a transaction that occurred on 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 represents a 0.77 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CRO Paul S. Dickson sold 2,968 shares of the firm's stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $11.18, for a total transaction of $33,182.24. Following the sale, the executive now 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 disclosure for this sale can be found here. Insiders sold a total of 164,830 shares of company stock worth $1,864,647 in the last three months. 3.77% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of RUN. Principal Financial Group Inc. grew its position in shares of Sunrun by 33.7% during 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 in the last quarter. Erste Asset Management GmbH bought a new stake in Sunrun in the 3rd quarter worth approximately $76,152,000. Symmetry Investments LP purchased a new stake in shares of Sunrun during the 2nd quarter worth approximately $1,205,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in shares of Sunrun by 113.5% during 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 during the last quarter. Finally, Aigen Investment Management LP purchased a new position in shares of Sunrun in the third quarter valued at $955,000. 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.