BMO Capital Markets Lowers Sunrun (NASDAQ:RUN) Price Target to $11.00

Sunrun (NASDAQ:RUN) had its price target cut by BMO Capital Markets from $20.00 to $11.00 in a report issued on Monday morning,Benzinga reports. They currently have a market perform rating on the energy company’s stock.

Other research analysts also recently issued reports about the company. BNP Paribas downgraded Sunrun from an “outperform” rating to a “neutral” rating and set a $14.00 target price on the stock. in a report on Friday, November 8th. Barclays decreased their price objective on shares of Sunrun from $19.00 to $18.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 16th. Morgan Stanley reaffirmed an “overweight” rating and set a $35.00 price target on shares of Sunrun in a research report on Tuesday, September 24th. Guggenheim lowered Sunrun from a “buy” rating to a “neutral” rating in a research report on Thursday, November 7th. Finally, Wells Fargo & Company cut their target price on Sunrun from $20.00 to $15.00 and set an “overweight” rating on the stock in a research report on Friday, November 8th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $20.54.

Sunrun Trading Up 5.4 %

Shares of NASDAQ RUN opened at $10.27 on Monday. The stock has a market cap of $2.30 billion, a P/E ratio of -5.64 and a beta of 2.61. The firm has a 50 day moving average price of $16.03 and a two-hundred day moving average price of $15.43. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.15 and a current ratio of 1.47. Sunrun has a 52-week low of $9.23 and a 52-week high of $22.26.

Insider Activity

In related news, Director Lynn Michelle Jurich sold 50,000 shares of the stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $20.20, for a total value of $1,010,000.00. Following the completion of the sale, the director now directly owns 1,192,446 shares of the company’s stock, valued at approximately $24,087,409.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director Lynn Michelle Jurich sold 50,000 shares of the firm’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $20.20, for a total transaction of $1,010,000.00. Following the transaction, the director now directly owns 1,192,446 shares of the company’s stock, valued at $24,087,409.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Danny Abajian sold 9,694 shares of the company’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $19.75, for a total transaction of $191,456.50. Following the completion of the sale, the chief financial officer now directly owns 278,260 shares of the company’s stock, valued at $5,495,635. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 155,840 shares of company stock worth $2,755,487 over the last 90 days. 3.77% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. International Assets Investment Management LLC raised its holdings in shares of Sunrun by 1,706.3% in the 3rd quarter. International Assets Investment Management LLC now owns 1,734 shares of the energy company’s stock worth $31,000 after purchasing an additional 1,638 shares during the period. Blue Trust Inc. lifted its position in shares of Sunrun by 385.5% during the 3rd quarter. Blue Trust Inc. now owns 1,845 shares of the energy company’s stock valued at $33,000 after buying an additional 1,465 shares during the last quarter. Duncker Streett & Co. Inc. bought a new position in shares of Sunrun during the 2nd quarter worth $36,000. CWM LLC increased its holdings in Sunrun by 883.9% in the 2nd quarter. CWM LLC now owns 3,355 shares of the energy company’s stock worth $40,000 after acquiring an additional 3,014 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in Sunrun in the 2nd quarter valued at about $45,000. Hedge funds and other institutional investors 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.