Sunrun (NASDAQ:RUN) Reaches New 1-Year Low – What’s Next?

Sunrun Inc. (NASDAQ:RUN)’s share price reached a new 52-week low on Tuesday . The company traded as low as $8.95 and last traded at $9.01, with a volume of 9309078 shares. The stock had previously closed at $9.44.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on RUN shares. StockNews.com upgraded shares of Sunrun to a “sell” rating in a research report on Friday, December 20th. Truist Financial reaffirmed a “hold” rating and set a $12.00 price objective (down from $18.00) on shares of Sunrun in a report on Tuesday, November 12th. Morgan Stanley reduced their target price on Sunrun from $35.00 to $27.00 and set an “overweight” rating on the stock in a research note on Friday, November 15th. Oppenheimer dropped their price target on Sunrun from $22.00 to $20.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. Finally, Guggenheim lowered Sunrun from a “buy” rating to a “neutral” rating in a research report on Thursday, November 7th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.31.

Sunrun Price Performance

The stock has a market capitalization of $2.07 billion, a P/E ratio of -5.07 and a beta of 2.58. The business’s 50 day moving average price is $10.30 and its 200 day moving average price is $14.66. 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 Buying and Selling at Sunrun

In related news, CEO Mary Powell sold 4,350 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $11.18, for a total value of $48,633.00. Following the completion of the sale, the chief executive officer now directly owns 560,321 shares of the company’s stock, valued at approximately $6,264,388.78. This represents a 0.77 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CRO Paul S. Dickson sold 2,968 shares of Sunrun stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $11.18, for a total transaction of $33,182.24. Following the transaction, the executive now directly owns 418,492 shares in the company, valued at $4,678,740.56. This represents a 0.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 114,830 shares of company stock worth $1,134,647 in the last three months. 3.77% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Sunrun

Several institutional investors and hedge funds have recently modified their holdings of the stock. International Assets Investment Management LLC grew its holdings in Sunrun by 1,706.3% during the 3rd quarter. International Assets Investment Management LLC now owns 1,734 shares of the energy company’s stock valued at $31,000 after buying an additional 1,638 shares in the last quarter. Blue Trust Inc. increased its position in Sunrun by 385.5% in the third quarter. Blue Trust Inc. now owns 1,845 shares of the energy company’s stock worth $33,000 after purchasing an additional 1,465 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Sunrun during the third quarter valued at $44,000. Waldron Private Wealth LLC bought a new position in Sunrun during the third quarter valued at $135,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Sunrun in the 2nd quarter worth $104,000. 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.