Sunrun Inc. (NASDAQ:RUN) Given Consensus Rating of “Hold” by Analysts

Sunrun Inc. (NASDAQ:RUN) has earned an average rating of “Hold” from the twenty-one brokerages that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and eleven have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $14.92.

A number of equities research analysts recently commented on the company. Roth Capital set a $20.00 target price on Sunrun in a research report on Friday, February 28th. UBS Group reduced their target price on shares of Sunrun from $17.00 to $15.00 and set a “buy” rating for the company in a report on Tuesday, March 4th. Barclays lowered their price target on shares of Sunrun from $18.00 to $15.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 28th. TD Cowen reduced their price objective on Sunrun from $18.00 to $14.00 and set a “buy” rating for the company in a research note on Friday, February 28th. Finally, Susquehanna dropped their target price on Sunrun from $13.00 to $10.00 and set a “positive” rating on the stock in a report on Monday, April 14th.

Insider Transactions at Sunrun

In other Sunrun news, insider Jeanna Steele sold 9,942 shares of Sunrun stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $6.74, for a total transaction of $67,009.08. Following the transaction, the insider now directly owns 291,238 shares of the company’s stock, valued at $1,962,944.12. The trade was a 3.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CRO Paul S. Dickson sold 19,343 shares of the business’s stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $6.74, for a total transaction of $130,371.82. Following the completion of the transaction, the executive now owns 399,729 shares in the company, valued at $2,694,173.46. The trade was a 4.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 138,540 shares of company stock worth $1,050,944 in the last ninety days. Insiders own 3.77% of the company’s stock.

Institutional Trading of Sunrun

Several institutional investors have recently made changes to their positions in the company. Alyeska Investment Group L.P. increased its position in shares of Sunrun by 593.9% during the fourth quarter. Alyeska Investment Group L.P. now owns 12,028,454 shares of the energy company’s stock valued at $111,263,000 after acquiring an additional 10,294,947 shares during the last quarter. Greenvale Capital LLP boosted its position in shares of Sunrun by 50.3% during the 4th quarter. Greenvale Capital LLP now owns 13,500,000 shares of the energy company’s stock worth $124,875,000 after purchasing an additional 4,516,793 shares during the period. Sylebra Capital LLC increased its holdings in Sunrun by 124.0% in 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 during the last quarter. Norges Bank purchased a new stake in Sunrun in the fourth quarter valued at approximately $31,022,000. Finally, Clal Insurance Enterprises Holdings Ltd acquired a new position in Sunrun during the fourth quarter worth $18,500,000. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Sunrun Stock Performance

Shares of RUN stock opened at $6.66 on Friday. The business has a fifty day moving average of $6.90 and a 200 day moving average of $9.69. Sunrun has a 1 year low of $5.45 and a 1 year high of $22.26. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.47 and a quick ratio of 1.15. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of -3.66 and a beta of 2.74.

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.