Sunrun’s (RUN) Sell Rating Reiterated at Glj Research

Glj Research reiterated their sell rating on shares of Sunrun (NASDAQ:RUN) in a research report report published on Thursday morning, MarketBeat reports. They currently have a $7.78 target price on the energy company’s stock.

A number of other analysts have also commented on RUN. Truist Financial reissued a “hold” rating and set a $18.00 price target (up from $12.00) on shares of Sunrun in a research note on Wednesday, August 7th. Susquehanna cut their target price 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. JPMorgan Chase & Co. upped their price target on shares of Sunrun from $19.00 to $22.00 and gave the company an “overweight” rating in a research report on Wednesday, August 7th. The Goldman Sachs Group reiterated a “buy” rating and set a $20.00 price target on shares of Sunrun in a report on Wednesday, September 25th. Finally, Jefferies Financial Group decreased their price objective on Sunrun from $31.00 to $29.00 and set a “buy” rating for the company in a report on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $21.33.

Sunrun Price Performance

RUN stock opened at $10.23 on Thursday. The stock has a market cap of $2.29 billion, a price-to-earnings ratio of -5.62 and a beta of 2.61. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.66 and a quick ratio of 1.31. The company has a 50 day simple moving average of $16.60 and a 200 day simple moving average of $15.43. Sunrun has a 1 year low of $8.82 and a 1 year high of $22.26.

Insider Activity at Sunrun

In other Sunrun news, Director Lynn Michelle Jurich sold 50,000 shares of the firm’s stock in a transaction on Thursday, September 19th. The shares were 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 trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Sunrun news, Director Lynn Michelle Jurich sold 50,000 shares of the 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 transaction, the director now owns 1,192,446 shares in the company, valued at approximately $24,087,409.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CRO Paul S. Dickson sold 2,537 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $18.23, for a total value of $46,249.51. Following the sale, the executive now owns 427,883 shares of the company’s stock, valued at approximately $7,800,307.09. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 155,840 shares of company stock worth $2,755,487 in the last quarter. Company insiders own 3.77% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Landscape Capital Management L.L.C. purchased a new stake in shares of Sunrun in the third quarter worth approximately $1,309,000. Intech Investment Management LLC purchased a new stake in Sunrun in the 3rd quarter valued at $1,223,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in Sunrun by 113.5% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,515,302 shares of the energy company’s stock valued at $45,426,000 after acquiring an additional 1,337,302 shares in the last quarter. Advisors Asset Management Inc. boosted its holdings in Sunrun by 41.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 48,001 shares of the energy company’s stock worth $867,000 after acquiring an additional 14,157 shares during the last quarter. Finally, Jennison Associates LLC bought a new stake in shares of Sunrun in the 3rd quarter worth $813,000. 91.69% of the stock is owned by 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.