Sunrun’s (RUN) “Hold” Rating Reiterated at Truist Financial

Truist Financial restated their hold rating on shares of Sunrun (NASDAQ:RUN) in a research report sent to investors on Monday,Benzinga reports. They currently have a $9.00 price objective on the energy company’s stock, down from their previous price objective of $12.00.

A number of other research firms also recently issued reports on RUN. Morgan Stanley cut their price objective on shares of Sunrun from $35.00 to $27.00 and set an “overweight” rating for the company in a report on Friday, November 15th. BNP Paribas raised shares of Sunrun from a “neutral” rating to an “outperform” rating and set a $16.00 price objective for the company in a report on Tuesday, January 7th. BMO Capital Markets cut their price objective on shares of Sunrun from $11.00 to $9.00 and set a “market perform” rating for the company in a report on Monday. Glj Research reissued a “sell” rating and issued a $7.78 price objective on shares of Sunrun in a report on Thursday, November 7th. Finally, StockNews.com upgraded shares of Sunrun to a “sell” rating in a research report on Friday, December 20th. Two analysts have rated the stock with a sell rating, six have given a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $17.51.

Sunrun Stock Performance

NASDAQ RUN opened at $6.90 on Monday. 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 company has a market capitalization of $1.55 billion, a P/E ratio of -3.79 and a beta of 2.59. Sunrun has a 12-month low of $5.93 and a 12-month high of $22.26. The firm has a 50-day moving average price of $9.13 and a two-hundred day moving average price of $12.85.

Insiders Place Their Bets

In other Sunrun news, Director Lynn Michelle Jurich sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $9.42, for a total transaction of $471,000.00. Following the sale, the director now directly owns 1,041,753 shares of the company’s stock, valued at $9,813,313.26. The trade was a 4.58 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Edward Harris Fenster bought 150,000 shares of Sunrun stock in a transaction on Monday, March 3rd. The shares were acquired at an average cost of $6.80 per share, for a total transaction of $1,020,000.00. Following the completion of the acquisition, the director now directly owns 1,358,182 shares in the company, valued at approximately $9,235,637.60. The trade was a 12.42 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 163,064 shares of company stock valued at $1,551,556 in the last ninety days. 3.77% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Sunrun

A number of institutional investors have recently modified their holdings of the company. Sylebra Capital LLC boosted its stake in shares of 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. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Sunrun by 8.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 662,211 shares of the energy company’s stock valued at $6,125,000 after purchasing an additional 52,176 shares during the last quarter. Vident Advisory LLC boosted its stake in shares of Sunrun by 76.9% in the 4th quarter. Vident Advisory LLC now owns 20,219 shares of the energy company’s stock valued at $187,000 after purchasing an additional 8,792 shares during the last quarter. Teza Capital Management LLC boosted its stake in shares of Sunrun by 12.9% in the 4th quarter. Teza Capital Management LLC now owns 44,677 shares of the energy company’s stock valued at $413,000 after purchasing an additional 5,121 shares during the last quarter. Finally, Raiffeisen Bank International AG bought a new stake in shares of Sunrun in the 4th quarter valued at $2,363,000. 91.69% of the stock is owned by institutional investors.

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.