Sunrun (NASDAQ:RUN) Given New $15.00 Price Target at UBS Group

Sunrun (NASDAQ:RUN) had its price objective cut by equities researchers at UBS Group from $17.00 to $15.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the energy company’s stock. UBS Group’s price objective would indicate a potential upside of 123.55% from the company’s current price.

Several other equities analysts have also recently issued reports on RUN. The Goldman Sachs Group decreased their price objective on Sunrun from $17.00 to $15.00 and set a “buy” rating for the company in a report on Monday. Royal Bank of Canada lowered their price objective on Sunrun from $17.00 to $14.00 and set an “outperform” rating on the stock in a research report on Monday. Oppenheimer lowered their price target on shares of Sunrun from $22.00 to $20.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. Wells Fargo & Company decreased their price objective on shares of Sunrun from $15.00 to $12.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. Finally, Morgan Stanley dropped their target price on Sunrun from $35.00 to $27.00 and set an “overweight” rating on the stock in a research report on Friday, November 15th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.51.

Sunrun Stock Up 8.8 %

Shares of Sunrun stock traded up $0.54 on Tuesday, reaching $6.71. The stock had a trading volume of 22,163,753 shares, compared to its average volume of 10,920,311. The company has a quick ratio of 1.15, a current ratio of 1.47 and a debt-to-equity ratio of 1.92. The stock has a market capitalization of $1.51 billion, a P/E ratio of -3.69 and a beta of 2.59. The company has a 50 day moving average price of $9.20 and a 200 day moving average price of $12.94. Sunrun has a 1 year low of $5.93 and a 1 year high of $22.26.

Insiders Place Their Bets

In other Sunrun news, Director Edward Harris Fenster bought 150,000 shares of Sunrun stock in a transaction dated Monday, March 3rd. The stock was acquired at an average cost of $6.80 per share, with a total value of $1,020,000.00. Following the completion of the acquisition, the director now owns 1,358,182 shares of the company’s stock, valued at approximately $9,235,637.60. This represents a 12.42 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lynn Michelle Jurich sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $9.10, for a total value of $455,000.00. Following the transaction, the director now directly owns 941,753 shares in the company, valued at approximately $8,569,952.30. This represents a 5.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 163,064 shares of company stock valued at $1,551,556 over the last quarter. Company insiders own 3.77% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. International Assets Investment Management LLC lifted its stake in 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 valued at $31,000 after buying an additional 1,638 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Sunrun during the third quarter valued at approximately $44,000. Aster Capital Management DIFC Ltd acquired a new stake in Sunrun during the fourth quarter worth approximately $29,000. Newbridge Financial Services Group Inc. grew its holdings in Sunrun by 133.3% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 3,500 shares of the energy company’s stock valued at $32,000 after buying an additional 2,000 shares during the period. Finally, Summit Securities Group LLC purchased a new stake in Sunrun in the 4th quarter valued at about $53,000. 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.