Sunrun’s (RUN) “Hold” Rating Reiterated at Truist Financial

Truist Financial restated their hold rating on shares of Sunrun (NASDAQ:RUN) in a research note released on Wednesday, Marketbeat reports. The firm currently has a $6.00 price objective on the energy company’s stock, down from their prior price objective of $9.00.

RUN has been the subject of a number of other research reports. Barclays cut their price objective on Sunrun from $18.00 to $15.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 28th. UBS Group cut their price target on Sunrun from $17.00 to $15.00 and set a “buy” rating for the company in a report on Tuesday, March 4th. Wells Fargo & Company lowered their target price on Sunrun from $15.00 to $12.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. The Goldman Sachs Group lowered their price objective on shares of Sunrun from $17.00 to $15.00 and set a “buy” rating for the company in a research report on Monday, March 3rd. Finally, Roth Capital set a $20.00 target price on shares of Sunrun in a research report on Friday, February 28th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $16.01.

Sunrun Price Performance

RUN stock opened at $6.85 on Wednesday. The company has a market capitalization of $1.55 billion, a PE ratio of -3.76 and a beta of 2.74. The company’s fifty day moving average price is $7.00 and its 200-day moving average price is $9.90. Sunrun has a one year low of $5.45 and a one year high of $22.26. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.15 and a current ratio of 1.47.

Insider Buying and Selling

In other Sunrun news, Director Lynn Michelle Jurich sold 50,000 shares of Sunrun stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $9.10, for a total value of $455,000.00. Following the transaction, the director now directly owns 941,753 shares of the company’s stock, valued at approximately $8,569,952.30. The trade was a 5.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mary Powell sold 31,197 shares of the firm’s stock in a transaction on Monday, April 7th. The stock was sold at an average price of $6.74, for a total value of $210,267.78. Following the completion of the sale, the chief executive officer now directly owns 534,615 shares of the company’s stock, valued at $3,603,305.10. The trade was a 5.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 138,540 shares of company stock valued at $1,050,944 over the last 90 days. Corporate insiders own 3.77% of the company’s stock.

Institutional Investors Weigh In On Sunrun

A number of large investors have recently modified their holdings of the business. Aster Capital Management DIFC Ltd purchased a new stake in Sunrun during the 4th quarter worth approximately $29,000. Newbridge Financial Services Group Inc. lifted its stake in shares of Sunrun by 133.3% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 3,500 shares of the energy company’s stock worth $32,000 after buying an additional 2,000 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of Sunrun during the third quarter valued at $44,000. Summit Securities Group LLC acquired a new position in shares of Sunrun in the 4th quarter valued at $53,000. Finally, Union Bancaire Privee UBP SA purchased a new position in Sunrun in the 4th quarter worth $56,000. 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.