Sunrun (NASDAQ:RUN) Price Target Cut to $15.00 by Analysts at UBS Group

Sunrun (NASDAQ:RUN) had its price target lowered by equities research analysts at UBS Group from $17.00 to $15.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the energy company’s stock. UBS Group’s price objective would indicate a potential upside of 123.55% from the company’s current price.

A number of other analysts have also recently weighed in on RUN. Barclays decreased their price target on shares of Sunrun from $18.00 to $15.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 28th. Piper Sandler downgraded Sunrun from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $23.00 to $11.00 in a report on Friday, November 22nd. The Goldman Sachs Group decreased their price target on Sunrun from $17.00 to $15.00 and set a “buy” rating for the company in a report on Monday. Wells Fargo & Company reduced their target price on shares of Sunrun from $15.00 to $12.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Finally, StockNews.com raised shares of Sunrun to a “sell” rating in a research note on Friday, December 20th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.51.

Sunrun Trading Up 8.8 %

RUN traded up $0.54 on Tuesday, reaching $6.71. 22,163,753 shares of the company’s stock were exchanged, compared to its average volume of 10,920,311. Sunrun has a twelve month low of $5.93 and a twelve month high of $22.26. The company’s 50 day moving average is $9.20 and its 200-day moving average is $12.94. 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 company has a market cap of $1.51 billion, a price-to-earnings ratio of -3.69 and a beta of 2.59.

Insider Transactions at Sunrun

In other Sunrun news, Director Edward Harris Fenster purchased 150,000 shares of Sunrun stock in a transaction on Monday, March 3rd. The stock was bought at an average price of $6.80 per share, for a total transaction of $1,020,000.00. Following the transaction, the director now owns 1,358,182 shares of the company’s stock, valued at $9,235,637.60. The trade was a 12.42 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Danny Abajian sold 3,734 shares of Sunrun stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $11.18, for a total transaction of $41,746.12. Following the sale, the chief financial officer now owns 257,969 shares in the company, valued at approximately $2,884,093.42. This represents a 1.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 163,064 shares of company stock worth $1,551,556. 3.77% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Sunrun

Several large investors have recently bought and sold shares of RUN. Aster Capital Management DIFC Ltd acquired a new position in shares of Sunrun during the 4th quarter valued at $29,000. International Assets Investment Management LLC boosted its holdings in 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 buying an additional 1,638 shares in the last quarter. Newbridge Financial Services Group Inc. grew its position in Sunrun by 133.3% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 3,500 shares of the energy company’s stock worth $32,000 after buying an additional 2,000 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Sunrun in the third quarter valued at $44,000. Finally, Summit Securities Group LLC acquired a new stake in shares of Sunrun during the 4th quarter valued at $53,000. Institutional investors and hedge funds 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.