Sunrun (NASDAQ:RUN) Reaches New 52-Week Low – Should You Sell?

Sunrun Inc. (NASDAQ:RUN)’s stock price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $7.90 and last traded at $8.00, with a volume of 8641820 shares changing hands. The stock had previously closed at $8.10.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on RUN shares. Wells Fargo & Company cut their price target on shares of Sunrun from $15.00 to $12.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Roth Mkm cut their price target on shares of Sunrun from $35.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, November 8th. BNP Paribas upgraded shares of Sunrun from a “neutral” rating to an “outperform” rating and set a $16.00 price target on the stock in a report on Tuesday, January 7th. Barclays cut their price target on shares of Sunrun from $18.00 to $15.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 28th. Finally, UBS Group upgraded shares of Sunrun from a “neutral” rating to a “buy” rating and raised their price target for the company from $14.00 to $17.00 in a report on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $18.36.

Sunrun Trading Down 1.2 %

The firm’s fifty day moving average price is $9.69 and its 200-day moving average price is $13.83. 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 news, CFO Danny Abajian sold 3,734 shares of Sunrun stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $11.18, for a total transaction of $41,746.12. Following the sale, the chief financial officer now directly owns 257,969 shares in the company, valued at approximately $2,884,093.42. The trade was a 1.43 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 sale, the director now owns 1,041,753 shares in the company, 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. In the last 90 days, insiders have sold 164,830 shares of company stock worth $1,614,147. 3.77% of the stock is currently owned by company insiders.

Institutional Trading of Sunrun

Several institutional investors have recently made changes to their positions in the business. Creative Planning boosted its position in shares of Sunrun by 0.3% during the 3rd quarter. Creative Planning now owns 290,259 shares of the energy company’s stock valued at $5,242,000 after acquiring an additional 784 shares in the last quarter. Van ECK Associates Corp boosted its position in Sunrun by 1.8% in the third quarter. Van ECK Associates Corp now owns 50,105 shares of the energy company’s stock valued at $905,000 after buying an additional 886 shares in the last quarter. CIBC Asset Management Inc boosted its position in Sunrun by 5.8% in the fourth quarter. CIBC Asset Management Inc now owns 24,774 shares of the energy company’s stock valued at $229,000 after buying an additional 1,360 shares in 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 valued at $33,000 after buying an additional 1,465 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its position in 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 valued at $31,000 after buying an additional 1,638 shares in the last quarter. 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.