Sunrun (NASDAQ:RUN) Now Covered by Analysts at TD Cowen

TD Cowen initiated coverage on shares of Sunrun (NASDAQ:RUN) in a research report released on Thursday morning, Marketbeat reports. The brokerage issued a buy rating and a $21.00 price objective on the energy company’s stock.

Other equities analysts have also recently issued reports about the stock. The Goldman Sachs Group dropped their price objective on shares of Sunrun from $19.00 to $17.00 and set a “buy” rating on the stock in a research note on Tuesday. UBS Group dropped their price objective on shares of Sunrun from $18.00 to $14.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 26th. StockNews.com raised shares of Sunrun to a “sell” rating in a research note on Friday, September 27th. Truist Financial reissued a “hold” rating and issued a $12.00 price objective (down from $18.00) on shares of Sunrun in a research note on Tuesday, November 12th. Finally, Guggenheim downgraded shares of Sunrun from a “buy” rating to a “neutral” rating in a report on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $19.21.

Sunrun Stock Up 2.7 %

Sunrun stock traded up $0.25 during trading on Thursday, reaching $9.38. The stock had a trading volume of 1,989,589 shares, compared to its average volume of 11,646,547. Sunrun has a 52-week low of $9.01 and a 52-week high of $22.26. The business has a 50 day moving average price of $12.09 and a 200 day moving average price of $15.12. 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 stock has a market cap of $2.10 billion, a PE ratio of -5.15 and a beta of 2.54.

Insider Buying and Selling

In other Sunrun news, Director Lynn Michelle Jurich sold 50,000 shares of the business’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $14.60, for a total transaction of $730,000.00. Following the sale, the director now owns 1,142,446 shares in the company, valued at approximately $16,679,711.60. The trade was a 4.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mary Powell sold 6,415 shares of the company’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $16.34, for a total value of $104,821.10. Following the completion of the transaction, the chief executive officer now owns 569,368 shares in the company, valued at $9,303,473.12. This represents a 1.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 169,691 shares of company stock valued at $2,011,601 over the last 90 days. 3.77% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Sunrun

Large investors have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC lifted its holdings in shares of Sunrun by 1,706.3% during the third quarter. International Assets Investment Management LLC now owns 1,734 shares of the energy company’s stock worth $31,000 after buying an additional 1,638 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Sunrun by 385.5% during the third quarter. Blue Trust Inc. now owns 1,845 shares of the energy company’s stock worth $33,000 after buying an additional 1,465 shares during the last quarter. Duncker Streett & Co. Inc. acquired a new position in shares of Sunrun during the second quarter worth approximately $36,000. CWM LLC lifted its holdings in shares of Sunrun by 883.9% during the second quarter. CWM LLC now owns 3,355 shares of the energy company’s stock worth $40,000 after buying an additional 3,014 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Sunrun during the third quarter worth approximately $44,000. Institutional investors own 91.69% of the company’s stock.

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.