Shares of Sunrun Inc. (NASDAQ:RUN) have received a consensus rating of “Buy” from the twenty-one research firms that are currently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $79.37.
Several equities analysts recently weighed in on RUN shares. Capital One Financial raised shares of Sunrun from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $73.00 to $90.00 in a research note on Monday, March 1st. Susquehanna Bancshares began coverage on Sunrun in a research note on Monday, March 22nd. They issued a “positive” rating and a $75.00 price objective on the stock. Credit Suisse Group raised shares of Sunrun from a “neutral” rating to an “outperform” rating and set a $79.00 target price for the company in a report on Wednesday, March 3rd. Piper Sandler lowered their price objective on shares of Sunrun from $88.00 to $77.00 and set a “neutral” rating for the company in a research report on Tuesday, March 9th. They noted that the move was a valuation call. Finally, Morgan Stanley raised shares of Sunrun from an “equal weight” rating to an “overweight” rating and set a $86.00 price target for the company in a report on Tuesday, March 16th.
NASDAQ:RUN opened at $54.21 on Monday. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.08 and a quick ratio of 0.78. Sunrun has a one year low of $10.53 and a one year high of $100.93. The business has a fifty day moving average price of $59.35 and a 200-day moving average price of $66.08. The firm has a market capitalization of $10.98 billion, a price-to-earnings ratio of 1,355.59 and a beta of 2.32.
In other news, Director Gerald Alan Risk sold 47,334 shares of Sunrun stock in a transaction on Wednesday, February 10th. The stock was sold at an average price of $78.14, for a total transaction of $3,698,678.76. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Lynn Michelle Jurich sold 40,000 shares of the company’s stock in a transaction dated Friday, January 15th. The shares were sold at an average price of $86.45, for a total transaction of $3,458,000.00. Following the completion of the sale, the chief executive officer now directly owns 3,062,156 shares of the company’s stock, valued at approximately $264,723,386.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 311,029 shares of company stock valued at $22,764,137. 8.55% of the stock is owned by insiders.
A number of hedge funds have recently bought and sold shares of the business. Pacer Advisors Inc. grew its holdings in shares of Sunrun by 5.8% during the 1st quarter. Pacer Advisors Inc. now owns 17,069 shares of the energy company’s stock worth $1,032,000 after purchasing an additional 939 shares during the period. DekaBank Deutsche Girozentrale acquired a new stake in Sunrun in the 4th quarter valued at approximately $577,000. Teachers Retirement System of The State of Kentucky lifted its stake in Sunrun by 61.7% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 24,900 shares of the energy company’s stock worth $1,728,000 after purchasing an additional 9,500 shares in the last quarter. Laurel Wealth Advisors Inc. acquired a new stake in shares of Sunrun in the fourth quarter valued at $453,000. Finally, Norges Bank acquired a new position in Sunrun during the 4th quarter worth about $78,143,000. 85.35% of the stock is owned by institutional investors.
Sunrun Company Profile
SunRun, Inc engages in the design, development, installation, sale, ownership and maintenance of residential solar energy systems. It sells solar service offerings and install solar energy systems for homeowners through its direct-to-consumer channel. The firm also offers plans such as monthly lease, full amount lease, purchase system, and monthly loan.
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