Sunrun (NASDAQ:RUN) Price Target Lowered to $14.00 at UBS Group

Sunrun (NASDAQ:RUN) had its price target reduced by UBS Group from $18.00 to $14.00 in a research report sent to investors on Tuesday,Benzinga reports. They currently have a neutral rating on the energy company’s stock.

Other equities research analysts have also recently issued reports about 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 for the company in a research report on Monday, November 11th. The Goldman Sachs Group reiterated a “buy” rating and set a $20.00 price target on shares of Sunrun in a research report on Wednesday, September 25th. StockNews.com upgraded shares of Sunrun to a “sell” rating in a research report on Friday, September 27th. Roth Mkm dropped their price target on shares of Sunrun from $35.00 to $30.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Sunrun from $12.00 to $16.50 and gave the company a “hold” rating in a report on Thursday, August 8th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Sunrun currently has a consensus rating of “Hold” and an average price target of $19.28.

Sunrun Price Performance

Shares of RUN opened at $11.53 on Tuesday. Sunrun has a 1-year low of $9.23 and a 1-year high of $22.26. The stock has a market cap of $2.59 billion, a PE ratio of -6.35 and a beta of 2.61. The firm has a 50-day simple moving average of $14.22 and a two-hundred day simple moving average of $15.36. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.47 and a quick ratio of 1.15.

Insider Buying and Selling

In other news, Director Lynn Michelle Jurich sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $9.94, for a total transaction of $497,000.00. Following the completion of the sale, the director now owns 1,092,446 shares in the company, valued at approximately $10,858,913.24. The trade was a 4.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Mary Powell sold 2,148 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $18.79, for a total transaction of $40,360.92. Following the sale, the chief executive officer now owns 579,193 shares of the company’s stock, valued at $10,883,036.47. This represents a 0.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 196,795 shares of company stock worth $3,071,225 over the last 90 days. 3.77% of the stock is owned by insiders.

Institutional Trading of Sunrun

Several institutional investors and hedge funds have recently bought and sold shares of RUN. Erste Asset Management GmbH purchased a new stake in Sunrun in the 3rd quarter valued at $76,152,000. Sylebra Capital LLC acquired a new position in Sunrun in the 2nd quarter valued at $35,387,000. Vanguard Group Inc. increased its stake in Sunrun by 14.0% in the 1st quarter. Vanguard Group Inc. now owns 22,325,106 shares of the energy company’s stock valued at $294,245,000 after buying an additional 2,743,148 shares during the period. Greenvale Capital LLP increased its stake in 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 during the period. Finally, FMR LLC increased its stake in Sunrun by 83.6% in the 3rd quarter. FMR LLC now owns 3,430,327 shares of the energy company’s stock valued at $61,952,000 after buying an additional 1,562,163 shares during the period. Hedge funds and other institutional investors own 91.69% of the company’s stock.

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.