BMO Capital Markets Issues Pessimistic Forecast for Sunrun (NASDAQ:RUN) Stock Price

Sunrun (NASDAQ:RUN) had its price objective cut by BMO Capital Markets from $20.00 to $11.00 in a research report report published on Monday morning,Benzinga reports. They currently have a market perform rating on the energy company’s stock.

A number of other research firms have also weighed in on RUN. JPMorgan Chase & Co. raised their target price on shares of Sunrun from $19.00 to $22.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 7th. Glj Research reiterated a “sell” rating and set a $7.78 price objective on shares of Sunrun in a research report on Thursday, November 7th. BNP Paribas cut Sunrun from an “outperform” rating to a “neutral” rating and set a $14.00 target price for the company. in a report on Friday, November 8th. StockNews.com raised shares of Sunrun to a “sell” rating in a report on Friday, September 27th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Sunrun from $12.00 to $16.50 and gave the company a “hold” rating in a report on Thursday, August 8th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $20.54.

Sunrun Trading Up 6.2 %

NASDAQ RUN opened at $10.91 on Monday. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.15 and a current ratio of 1.47. Sunrun has a 1-year low of $9.23 and a 1-year high of $22.26. The stock’s 50 day simple moving average is $15.86 and its 200-day simple moving average is $15.40.

Insider Buying and Selling

In other Sunrun news, CEO Mary Powell sold 2,148 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $18.79, for a total value of $40,360.92. Following the transaction, the chief executive officer now directly owns 579,193 shares in the company, valued at $10,883,036.47. This represents a 0.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Gerald Alan Risk sold 9,045 shares of the stock in a transaction on Monday, August 19th. The shares were sold at an average price of $20.04, for a total transaction of $181,261.80. Following the completion of the transaction, the director now directly owns 334,761 shares in the company, valued at $6,708,610.44. This trade represents a 2.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 155,840 shares of company stock valued at $2,755,487 in the last ninety days. Company insiders own 3.77% of the company’s stock.

Institutional Trading of Sunrun

Several institutional investors and hedge funds have recently bought and sold shares of the business. Centiva Capital LP increased its holdings in shares of Sunrun by 212.1% in the third quarter. Centiva Capital LP now owns 56,025 shares of the energy company’s stock valued at $1,012,000 after purchasing an additional 106,025 shares during the period. Point72 Hong Kong Ltd acquired a new position in shares of Sunrun during the 3rd quarter worth $391,000. Erste Asset Management GmbH acquired a new position in Sunrun during the third quarter worth about $76,152,000. Edgestream Partners L.P. lifted its stake in Sunrun by 771.4% in the 3rd quarter. Edgestream Partners L.P. now owns 88,968 shares of the energy company’s stock valued at $1,607,000 after buying an additional 78,758 shares in the last quarter. Finally, Point72 Europe London LLP lifted its position in shares of Sunrun by 49.8% in the third quarter. Point72 Europe London LLP now owns 401,084 shares of the energy company’s stock valued at $7,244,000 after acquiring an additional 133,252 shares in the last quarter. Hedge funds and other institutional investors own 91.69% of the company’s stock.

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.