Truist Financial Reiterates “Hold” Rating for Sunrun (NASDAQ:RUN)

Truist Financial reissued their hold rating on shares of Sunrun (NASDAQ:RUN) in a research note published on Tuesday,Benzinga reports. The firm currently has a $12.00 price target on the energy company’s stock, down from their previous price target of $18.00.

A number of other equities research analysts have also recently commented on the stock. The Goldman Sachs Group restated a “buy” rating and set a $20.00 target price on shares of Sunrun in a research note on Wednesday, September 25th. BNP Paribas downgraded shares of Sunrun from an “outperform” rating to a “neutral” rating and set a $14.00 price objective for the company. in a report on Friday, November 8th. Susquehanna reduced their price objective on Sunrun from $24.00 to $23.00 and set a “positive” rating on the stock in a research note on Wednesday, October 16th. Evercore ISI lowered their target price on Sunrun from $42.00 to $38.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Finally, StockNews.com upgraded shares of Sunrun to a “sell” rating in a research report on Friday, September 27th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $20.12.

Sunrun Stock Performance

RUN opened at $9.89 on Tuesday. The company’s 50 day moving average is $15.70 and its 200 day moving average is $15.39. The company has a current ratio of 1.47, a quick ratio of 1.15 and a debt-to-equity ratio of 1.92. The company has a market cap of $2.22 billion, a price-to-earnings ratio of -5.43 and a beta of 2.61. Sunrun has a 12-month low of $9.23 and a 12-month high of $22.26.

Insider Buying and Selling at Sunrun

In other news, Director Lynn Michelle Jurich sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $14.60, for a total value of $730,000.00. Following the sale, the director now directly owns 1,142,446 shares of the company’s stock, valued at approximately $16,679,711.60. The trade was a 4.19 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Danny Abajian sold 4,869 shares of the business’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $16.35, for a total transaction of $79,608.15. Following the sale, the chief financial officer now owns 269,393 shares in the company, valued at $4,404,575.55. This trade represents a 1.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 155,840 shares of company stock valued at $2,755,487 over the last quarter. 3.77% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Sunrun

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. International Assets Investment Management LLC boosted its holdings 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 valued at $31,000 after acquiring an additional 1,638 shares during the period. Blue Trust Inc. lifted its holdings in shares of Sunrun by 385.5% in the 3rd 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 during the period. Duncker Streett & Co. Inc. purchased a new stake in shares of Sunrun in the second quarter valued at approximately $36,000. CWM LLC increased its holdings in shares of Sunrun by 883.9% in the 2nd quarter. CWM LLC now owns 3,355 shares of the energy company’s stock valued at $40,000 after purchasing an additional 3,014 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Sunrun during the 2nd quarter valued at approximately $45,000. 91.69% of the stock is 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.