Sunrun (NASDAQ:RUN) Upgraded at StockNews.com

StockNews.com upgraded shares of Sunrun (NASDAQ:RUN) to a sell rating in a report released on Friday.

Several other equities research analysts also recently issued reports on the stock. BMO Capital Markets dropped their price target on shares of Sunrun from $20.00 to $11.00 and set a “market perform” rating on the stock in a research note on Monday, November 11th. Piper Sandler lowered Sunrun from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $23.00 to $11.00 in a research report on Friday, November 22nd. Roth Mkm reduced their price target on Sunrun from $35.00 to $30.00 and set a “buy” rating for the company in a report on Friday, November 8th. Susquehanna dropped their price objective on Sunrun from $24.00 to $23.00 and set a “positive” rating on the stock in a report on Wednesday, October 16th. Finally, Oppenheimer reduced their target price on Sunrun from $22.00 to $20.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $19.21.

Sunrun Price Performance

RUN stock opened at $9.87 on Friday. The stock has a 50-day simple moving average of $11.97 and a 200-day simple moving average of $15.10. The firm has a market cap of $2.21 billion, a P/E 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. Sunrun has a 1 year low of $9.01 and a 1 year high of $22.26.

Insider Activity

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

Hedge Funds Weigh In On Sunrun

Hedge funds have recently modified their holdings of the stock. International Assets Investment Management LLC increased its position in shares of Sunrun by 1,706.3% in the third quarter. International Assets Investment Management LLC now owns 1,734 shares of the energy company’s stock worth $31,000 after acquiring an additional 1,638 shares in the last quarter. Blue Trust Inc. grew its position in Sunrun by 385.5% during the 3rd 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 in the last quarter. Duncker Streett & Co. Inc. acquired a new stake in Sunrun during the 2nd quarter valued at $36,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Sunrun in the third quarter valued at $44,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Sunrun in the second quarter worth $45,000. 91.69% of the stock is currently owned by institutional investors and hedge funds.

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.