Sunrun (NASDAQ:RUN) Upgraded to “Sell” at StockNews.com

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

Other equities research analysts have also issued reports about the stock. Truist Financial reiterated a “hold” rating and set a $12.00 price objective (down previously from $18.00) on shares of Sunrun in a research report on Tuesday, November 12th. BNP Paribas downgraded shares of Sunrun from an “outperform” rating to a “neutral” rating and set a $14.00 price target on the stock. in a report on Friday, November 8th. Wells Fargo & Company dropped their price objective on shares of Sunrun from $20.00 to $15.00 and set an “overweight” rating for the company in a report on Friday, November 8th. UBS Group reduced their target price on Sunrun from $18.00 to $14.00 and set a “neutral” rating on the stock in a report on Tuesday, November 26th. Finally, BMO Capital Markets cut their price target on Sunrun from $20.00 to $11.00 and set a “market perform” rating for the company in a report on Monday, November 11th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $19.21.

Sunrun Stock Performance

NASDAQ:RUN opened at $9.87 on Friday. The stock has a 50-day moving average price of $12.09 and a 200 day moving average price of $15.12. The stock has a market capitalization of $2.21 billion, a P/E ratio of -5.42 and a beta of 2.54. Sunrun has a 12-month low of $9.01 and a 12-month high of $22.26. The company has a current ratio of 1.47, a quick ratio of 1.15 and a debt-to-equity ratio of 1.92.

Insider Transactions at Sunrun

In other Sunrun 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 directly owns 1,041,753 shares in the company, valued at approximately $9,813,313.26. This represents a 4.58 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Danny Abajian sold 4,869 shares of the stock in a transaction on Monday, October 7th. The stock was sold at an average price of $16.35, for a total value of $79,608.15. Following the transaction, the chief financial officer now directly owns 269,393 shares in the company, valued at $4,404,575.55. The trade was a 1.78 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 169,691 shares of company stock worth $2,011,601. Insiders own 3.77% of the company’s stock.

Institutional Investors Weigh In On Sunrun

Hedge funds have recently modified their holdings of the business. Erste Asset Management GmbH bought a new stake in Sunrun during the third quarter valued at about $76,152,000. Sylebra Capital LLC bought a new stake in shares of Sunrun in the 2nd quarter valued at about $35,387,000. Greenvale Capital LLP boosted its holdings in shares of Sunrun by 20.5% in the 2nd quarter. Greenvale Capital LLP now owns 11,750,000 shares of the energy company’s stock valued at $139,355,000 after buying an additional 2,000,000 shares in the last quarter. FMR LLC raised its stake in shares of Sunrun by 83.6% during the 3rd quarter. FMR LLC now owns 3,430,327 shares of the energy company’s stock worth $61,952,000 after acquiring an additional 1,562,163 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in Sunrun by 113.5% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,515,302 shares of the energy company’s stock valued at $45,426,000 after acquiring an additional 1,337,302 shares during the last quarter. 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.