Sunrun (NASDAQ:RUN) Stock Price Up 4.9% – Here’s What Happened

Sunrun Inc. (NASDAQ:RUN) shot up 4.9% during trading on Thursday . The stock traded as high as $9.68 and last traded at $9.60. 2,636,835 shares were traded during mid-day trading, a decline of 77% from the average session volume of 11,639,706 shares. The stock had previously closed at $9.15.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on RUN shares. UBS Group decreased their price target on Sunrun from $18.00 to $14.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 26th. Barclays decreased their target price on shares of Sunrun from $19.00 to $18.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 16th. Oppenheimer cut their price target on shares of Sunrun from $22.00 to $20.00 and set an “outperform” rating for the company in a report on Friday, November 8th. Jefferies Financial Group lowered their price objective on Sunrun from $31.00 to $29.00 and set a “buy” rating on the stock in a research report on Thursday, October 10th. Finally, BNP Paribas cut Sunrun from an “outperform” rating to a “neutral” rating and set a $14.00 target price for the company. in a research report on Friday, November 8th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $19.21.

Sunrun Stock Performance

The company’s 50-day moving average price is $12.09 and its 200 day moving average price is $15.12. The stock has a market capitalization of $2.21 billion, a PE ratio of -5.42 and a beta of 2.54. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.15 and a current ratio of 1.47.

Insiders Place Their Bets

In other news, insider Jeanna Steele sold 2,624 shares of the company’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $16.35, for a total value of $42,902.40. Following the sale, the insider now directly owns 305,636 shares of the company’s stock, valued at $4,997,148.60. This represents a 0.85 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lynn Michelle Jurich sold 50,000 shares of Sunrun stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $9.42, for a total transaction of $471,000.00. Following the transaction, the director now directly owns 1,041,753 shares of the company’s stock, valued at approximately $9,813,313.26. This trade represents a 4.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 169,691 shares of company stock worth $2,011,601 over the last three months. Company insiders own 3.77% of the company’s stock.

Institutional Investors Weigh In On Sunrun

Large investors have recently bought and sold shares of the business. International Assets Investment Management LLC boosted its stake 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 buying an additional 1,638 shares during the last quarter. Blue Trust Inc. boosted its position in Sunrun by 385.5% in the third quarter. Blue Trust Inc. now owns 1,845 shares of the energy company’s stock worth $33,000 after purchasing an additional 1,465 shares during the last quarter. Duncker Streett & Co. Inc. bought a new stake in shares of Sunrun during the 2nd quarter valued at about $36,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Sunrun during the 3rd quarter valued at about $44,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Sunrun in the 2nd quarter worth approximately $45,000. 91.69% of the stock is currently owned by institutional investors.

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.