Sunrun’s (RUN) “Hold” Rating Reiterated at Truist Financial

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

Several other brokerages also recently commented on RUN. Roth Mkm reduced their price target on shares of Sunrun from $35.00 to $30.00 and set a “buy” rating for the company in a research report on Friday, November 8th. JPMorgan Chase & Co. raised their target price on Sunrun from $19.00 to $22.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 7th. Morgan Stanley reissued an “overweight” rating and set a $35.00 price target on shares of Sunrun in a research report on Tuesday, September 24th. StockNews.com upgraded Sunrun to a “sell” rating in a research report on Friday, September 27th. Finally, Jefferies Financial Group dropped their target price on Sunrun from $31.00 to $29.00 and set a “buy” rating on the stock in a report on Thursday, October 10th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $20.12.

Sunrun Stock Up 0.5 %

NASDAQ RUN opened at $10.97 on Tuesday. Sunrun has a 12 month low of $9.23 and a 12 month high of $22.26. The company has a market capitalization of $2.46 billion, a P/E ratio of -5.99 and a beta of 2.61. The company’s 50 day simple moving average is $15.86 and its 200 day simple moving average is $15.40. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.47 and a quick ratio of 1.15.

Insider Activity

In other news, CRO Paul S. Dickson sold 2,537 shares of Sunrun stock in a transaction on Friday, September 6th. The stock was sold at an average price of $18.23, for a total value of $46,249.51. Following the completion of the sale, the executive now directly owns 427,883 shares of the company’s stock, valued at approximately $7,800,307.09. This trade represents a 0.59 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lynn Michelle Jurich sold 50,000 shares of Sunrun stock in a transaction dated 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 owns 1,192,446 shares of the company’s stock, valued at approximately $24,087,409.20. The trade was a 4.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 155,840 shares of company stock worth $2,755,487. Insiders own 3.77% of the company’s stock.

Hedge Funds Weigh In On Sunrun

Hedge funds have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. lifted its position in Sunrun by 1.5% in the 2nd quarter. Victory Capital Management Inc. now owns 45,374 shares of the energy company’s stock valued at $538,000 after acquiring an additional 691 shares in the last quarter. Creative Planning lifted its holdings in shares of Sunrun by 0.3% in the third quarter. Creative Planning now owns 290,259 shares of the energy company’s stock valued at $5,242,000 after purchasing an additional 784 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of Sunrun by 1.8% during the third quarter. Van ECK Associates Corp now owns 50,105 shares of the energy company’s stock worth $905,000 after buying an additional 886 shares during the period. Crossmark Global Holdings Inc. grew its holdings in shares of Sunrun by 6.0% during the second quarter. Crossmark Global Holdings Inc. now owns 15,690 shares of the energy company’s stock worth $186,000 after buying an additional 895 shares in the last quarter. Finally, &PARTNERS raised its position in Sunrun by 1.6% in the 2nd quarter. &PARTNERS now owns 63,244 shares of the energy company’s stock valued at $698,000 after buying an additional 1,019 shares during the last quarter. Institutional investors and hedge funds 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.