Sunrun Inc. (NASDAQ:RUN) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Sunrun Inc. (NASDAQ:RUN) has received a consensus rating of “Moderate Buy” from the twenty-two brokerages that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and thirteen have issued a buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $19.9890.

A number of research firms have recently commented on RUN. UBS Group boosted their price objective on Sunrun from $16.00 to $26.00 and gave the stock a “buy” rating in a research note on Tuesday, October 21st. Deutsche Bank Aktiengesellschaft set a $19.00 price target on shares of Sunrun in a report on Wednesday, January 7th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Sunrun in a research note on Wednesday, December 17th. Raymond James Financial initiated coverage on shares of Sunrun in a research note on Monday, January 12th. They set a “market perform” rating for the company. Finally, TD Cowen lifted their price target on shares of Sunrun from $22.00 to $23.00 and gave the stock a “buy” rating in a research report on Friday, November 7th.

Sunrun Trading Down 5.0%

Sunrun stock opened at $18.20 on Friday. Sunrun has a 12-month low of $5.38 and a 12-month high of $22.44. The company has a debt-to-equity ratio of 3.67, a current ratio of 1.46 and a quick ratio of 1.06. The stock has a market capitalization of $4.22 billion, a PE ratio of -1.63 and a beta of 2.36. The firm has a 50 day simple moving average of $18.83 and a 200-day simple moving average of $17.64.

Insiders Place Their Bets

In other news, Director Lynn Michelle Jurich sold 50,000 shares of the business’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $19.57, for a total transaction of $978,500.00. Following the sale, the director directly owned 751,626 shares of the company’s stock, valued at $14,709,320.82. The trade was a 6.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Danny Abajian sold 7,190 shares of the stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $17.80, for a total value of $127,982.00. Following the completion of the transaction, the chief financial officer owned 405,518 shares of the company’s stock, valued at $7,218,220.40. This trade represents a 1.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 518,800 shares of company stock worth $9,903,520. Corporate insiders own 3.37% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC boosted its stake in shares of Sunrun by 156.9% during the 4th quarter. Farther Finance Advisors LLC now owns 1,449 shares of the energy company’s stock valued at $27,000 after buying an additional 885 shares during the period. Sycomore Asset Management acquired a new stake in Sunrun during the third quarter valued at $28,000. Hantz Financial Services Inc. boosted its position in Sunrun by 59.1% during the fourth quarter. Hantz Financial Services Inc. now owns 1,519 shares of the energy company’s stock valued at $28,000 after purchasing an additional 564 shares during the last quarter. Optiver Holding B.V. bought a new stake in shares of Sunrun in the 3rd quarter valued at approximately $31,000. Finally, Salomon & Ludwin LLC grew its stake in shares of Sunrun by 49.2% in the 4th quarter. Salomon & Ludwin LLC now owns 1,693 shares of the energy company’s stock valued at $31,000 after buying an additional 558 shares in the last quarter. 91.69% of the stock is owned by hedge funds and other institutional investors.

Sunrun Company Profile

Sunrun, Inc (NASDAQ: RUN) is a leading provider of residential solar energy systems in the United States. The company designs, installs and maintains rooftop solar panels and battery storage solutions for homeowners under flexible financing arrangements. Customers can choose from leasing, power purchase agreements or solar ownership models, all of which are supported by Sunrun’s network of installation partners and service technicians. Sunrun also offers integrated home energy management services, including its Brightbox battery storage product, which enables customers to store solar energy for use during peak hours or power outages.

Founded in 2007 by Lynn Jurich, Ed Fenster and Nat Kreamer, Sunrun is headquartered in San Francisco, California.