Sunrun (NASDAQ:RUN) Earns Hold Rating from Truist Financial

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

Other equities analysts have also recently issued research reports about the stock. StockNews.com upgraded shares of Sunrun to a “sell” rating in a research report on Friday, September 27th. Evercore ISI decreased their price objective on Sunrun from $42.00 to $38.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Jefferies Financial Group lowered their target price on Sunrun from $31.00 to $29.00 and set a “buy” rating for the company in a research note on Thursday, October 10th. BMO Capital Markets reduced their price target on Sunrun from $20.00 to $11.00 and set a “market perform” rating on the stock in a research report on Monday, November 11th. Finally, Roth Mkm decreased their price target on Sunrun from $35.00 to $30.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Two 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, Sunrun presently has a consensus rating of “Hold” and a consensus price target of $20.12.

Sunrun Stock Down 9.3 %

Shares of NASDAQ RUN opened at $9.89 on Tuesday. The stock has a market capitalization of $2.22 billion, a P/E ratio of -5.43 and a beta of 2.61. Sunrun has a one year low of $9.23 and a one year high of $22.26. The firm’s 50 day simple moving average is $15.70 and its two-hundred day simple moving average is $15.39. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.47 and a quick ratio of 1.15.

Insiders Place Their Bets

In other news, CFO Danny Abajian sold 9,694 shares of Sunrun stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $19.75, for a total transaction of $191,456.50. Following the completion of the transaction, the chief financial officer now directly owns 278,260 shares in the company, valued at approximately $5,495,635. This trade represents a 3.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lynn Michelle Jurich sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $20.20, for a total value of $1,010,000.00. Following the completion of the sale, the director now directly owns 1,192,446 shares in the company, valued at approximately $24,087,409.20. This represents a 4.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 155,840 shares of company stock worth $2,755,487. Company insiders own 3.77% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of RUN. MML Investors Services LLC increased its position in shares of Sunrun by 9.3% during the third quarter. MML Investors Services LLC now owns 43,313 shares of the energy company’s stock valued at $782,000 after acquiring an additional 3,689 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of Sunrun in the 3rd quarter worth $618,000. Zacks Investment Management purchased a new position in shares of Sunrun in the third quarter worth $538,000. EP Wealth Advisors LLC lifted its holdings in shares of Sunrun by 3.2% during the third quarter. EP Wealth Advisors LLC now owns 110,073 shares of the energy company’s stock valued at $1,988,000 after purchasing an additional 3,388 shares in the last quarter. Finally, Sora Investors LLC purchased a new stake in shares of Sunrun during the third quarter valued at $8,127,000. 91.69% of the stock is owned by hedge funds and other institutional investors.

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.