Sunrun Inc. (NASDAQ:RUN) Receives $17.20 Average PT from Brokerages

Shares of Sunrun Inc. (NASDAQ:RUN) have earned a consensus rating of “Moderate Buy” from the twenty-one analysts that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $17.20.

Several equities research analysts have recently commented on the company. Royal Bank of Canada reduced their price objective on Sunrun from $17.00 to $14.00 and set an “outperform” rating for the company in a research note on Monday, March 3rd. Wells Fargo & Company decreased their price objective on Sunrun from $15.00 to $12.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. The Goldman Sachs Group cut their price objective on Sunrun from $17.00 to $15.00 and set a “buy” rating for the company in a research note on Monday, March 3rd. UBS Group decreased their target price on shares of Sunrun from $17.00 to $15.00 and set a “buy” rating on the stock in a research note on Tuesday, March 4th. Finally, Truist Financial reiterated a “hold” rating and issued a $9.00 price target (down from $12.00) on shares of Sunrun in a research report on Monday, March 3rd.

Insider Buying and Selling at Sunrun

In other news, Director Lynn Michelle Jurich sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $9.59, for a total transaction of $479,500.00. Following the transaction, the director now owns 991,753 shares of the company’s stock, valued at approximately $9,510,911.27. The trade was a 4.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Edward Harris Fenster acquired 150,000 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were purchased at an average cost of $6.80 per share, with a total value of $1,020,000.00. Following the completion of the purchase, the director now directly owns 1,358,182 shares of the company’s stock, valued at $9,235,637.60. This trade represents a 12.42 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 121,466 shares of company stock worth $1,136,397 over the last 90 days. 3.77% of the stock is owned by insiders.

Hedge Funds Weigh In On Sunrun

Several hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Sunrun by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 23,749,115 shares of the energy company’s stock worth $219,679,000 after acquiring an additional 343,448 shares in the last quarter. Greenvale Capital LLP boosted its holdings in shares of Sunrun by 50.3% in the fourth quarter. Greenvale Capital LLP now owns 13,500,000 shares of the energy company’s stock valued at $124,875,000 after purchasing an additional 4,516,793 shares during the period. Alyeska Investment Group L.P. grew its stake in Sunrun by 593.9% in the fourth quarter. Alyeska Investment Group L.P. now owns 12,028,454 shares of the energy company’s stock worth $111,263,000 after purchasing an additional 10,294,947 shares in the last quarter. State Street Corp increased its holdings in Sunrun by 0.6% during the 3rd quarter. State Street Corp now owns 9,159,711 shares of the energy company’s stock worth $165,424,000 after purchasing an additional 54,329 shares during the period. Finally, Sylebra Capital LLC raised its position in Sunrun by 124.0% during the 4th quarter. Sylebra Capital LLC now owns 6,683,162 shares of the energy company’s stock valued at $61,819,000 after purchasing an additional 3,699,405 shares in the last quarter. Institutional investors own 91.69% of the company’s stock.

Sunrun Stock Down 1.2 %

Shares of RUN stock opened at $5.94 on Tuesday. The company has a current ratio of 1.47, a quick ratio of 1.15 and a debt-to-equity ratio of 1.92. Sunrun has a 12 month low of $5.91 and a 12 month high of $22.26. The stock has a market cap of $1.34 billion, a P/E ratio of -3.26 and a beta of 2.84. The company has a 50 day simple moving average of $7.89 and a two-hundred day simple moving average of $11.26.

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.