Brokerages Set Sunrun Inc. (NASDAQ:RUN) Price Target at $19.16

Shares of Sunrun Inc. (NASDAQ:RUN) have been assigned a consensus rating of “Moderate Buy” from the twenty-two analysts that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and fourteen have issued a buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $19.31.

RUN has been the topic of a number of analyst reports. BNP Paribas raised shares of Sunrun from a “neutral” rating to an “outperform” rating and set a $16.00 target price on the stock in a research note on Tuesday, January 7th. Jefferies Financial Group cut their target price on Sunrun from $31.00 to $29.00 and set a “buy” rating for the company in a research report on Thursday, October 10th. BMO Capital Markets lowered their price target on Sunrun from $20.00 to $11.00 and set a “market perform” rating on the stock in a research report on Monday, November 11th. TD Cowen started coverage on Sunrun in a report on Thursday, December 19th. They set a “buy” rating and a $21.00 price objective for the company. Finally, Guggenheim lowered shares of Sunrun from a “buy” rating to a “neutral” rating in a report on Thursday, November 7th.

Insiders Place Their Bets

In other news, Director Lynn Michelle Jurich sold 50,000 shares of the company’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $14.60, for a total transaction of $730,000.00. Following the completion of the transaction, the director now directly owns 1,142,446 shares of the company’s stock, valued at $16,679,711.60. This represents a 4.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CRO Paul S. Dickson sold 2,968 shares of Sunrun 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 $33,182.24. Following the completion of the sale, the executive now directly owns 418,492 shares in the company, valued at approximately $4,678,740.56. This represents a 0.70 % 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 worth $1,864,647. Company insiders own 3.77% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Natixis Advisors LLC acquired a new position in shares of Sunrun during the 2nd quarter worth about $314,000. Rhumbline Advisers lifted its stake in Sunrun by 25.3% in the second quarter. Rhumbline Advisers now owns 758,512 shares of the energy company’s stock valued at $8,996,000 after acquiring an additional 153,007 shares during the last quarter. Victory Capital Management Inc. grew its holdings in Sunrun by 1.5% during 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 period. Arizona State Retirement System raised its position in shares of Sunrun by 2.7% in the second quarter. Arizona State Retirement System now owns 61,475 shares of the energy company’s stock valued at $729,000 after purchasing an additional 1,597 shares during the period. Finally, United Services Automobile Association lifted its holdings in Sunrun by 6.3% during the 2nd quarter. United Services Automobile Association now owns 17,631 shares of the energy company’s stock worth $209,000 after purchasing an additional 1,042 shares during the last quarter. Institutional investors own 91.69% of the company’s stock.

Sunrun Price Performance

RUN opened at $9.63 on Thursday. Sunrun has a 1-year low of $9.01 and a 1-year high of $22.26. The business has a 50 day moving average of $10.42 and a 200-day moving average of $14.72. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.47 and a quick ratio of 1.15.

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.