Sunrun (NASDAQ:RUN) Rating Increased to Buy at UBS Group

UBS Group upgraded shares of Sunrun (NASDAQ:RUN) from a neutral rating to a buy rating in a research report sent to investors on Friday, MarketBeat.com reports. UBS Group currently has $17.00 price objective on the energy company’s stock, up from their previous price objective of $14.00.

Several other analysts have also recently issued reports on RUN. Roth Mkm lowered their target price on shares of Sunrun from $35.00 to $30.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. BMO Capital Markets dropped their price objective on Sunrun from $20.00 to $11.00 and set a “market perform” rating for the company in a research note on Monday, November 11th. Piper Sandler lowered Sunrun from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $23.00 to $11.00 in a research note on Friday, November 22nd. Oppenheimer dropped their price target on Sunrun from $22.00 to $20.00 and set an “outperform” rating for the company in a research report on Friday, November 8th. Finally, Susquehanna decreased their price objective on shares of Sunrun from $24.00 to $23.00 and set a “positive” rating on the stock in a research report on Wednesday, October 16th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $19.31.

Sunrun Trading Down 6.6 %

Shares of RUN opened at $10.04 on Friday. Sunrun has a twelve month low of $9.01 and a twelve month high of $22.26. The stock has a market cap of $2.25 billion, a PE ratio of -5.52 and a beta of 2.58. The company has a quick ratio of 1.15, a current ratio of 1.47 and a debt-to-equity ratio of 1.92. The business’s 50-day moving average price is $10.78 and its 200-day moving average price is $14.76.

Insider Activity at Sunrun

In other Sunrun news, CRO Paul S. Dickson sold 2,968 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $11.18, for a total value of $33,182.24. Following the completion of the sale, the executive now owns 418,492 shares in the company, valued at approximately $4,678,740.56. This trade represents a 0.70 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 transaction, the director now directly owns 1,142,446 shares in the company, valued at $16,679,711.60. This trade represents a 4.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 164,830 shares of company stock worth $1,864,647 in the last three months. 3.77% of the stock is owned by insiders.

Hedge Funds Weigh In On Sunrun

Institutional investors have recently bought and sold shares of the stock. Principal Financial Group Inc. grew its holdings in shares of Sunrun by 33.7% during the 3rd quarter. Principal Financial Group Inc. now owns 1,460,949 shares of the energy company’s stock worth $26,385,000 after acquiring an additional 367,835 shares during the period. Erste Asset Management GmbH bought a new stake in shares of Sunrun during the third quarter valued at approximately $76,152,000. Symmetry Investments LP purchased a new stake in Sunrun in the second quarter worth $1,205,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in Sunrun by 113.5% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,515,302 shares of the energy company’s stock worth $45,426,000 after purchasing an additional 1,337,302 shares in the last quarter. Finally, Aigen Investment Management LP purchased a new position in Sunrun during the third quarter valued at $955,000. 91.69% of the stock is owned by institutional investors.

About Sunrun

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.