Sunrun (NASDAQ:RUN) was downgraded by analysts at TheStreet from a “b-” rating to a “c+” rating in a research report issued on Friday, March 29th, TheStreetRatingsTable reports.
Other equities research analysts also recently issued reports about the company. BidaskClub downgraded Sunrun from a “strong-buy” rating to a “buy” rating in a report on Friday, December 21st. ValuEngine downgraded Sunrun from a “strong-buy” rating to a “buy” rating in a report on Thursday, December 20th. Credit Suisse Group set a $24.00 price objective on Sunrun and gave the stock a “buy” rating in a research note on Friday, March 1st. Finally, Zacks Investment Research upgraded Sunrun from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research note on Wednesday, March 6th. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Sunrun has a consensus rating of “Buy” and an average price target of $17.64.
Shares of RUN traded up $0.22 during trading on Friday, reaching $16.91. The company’s stock had a trading volume of 870,434 shares, compared to its average volume of 1,121,350. Sunrun has a twelve month low of $8.75 and a twelve month high of $17.09. The company has a quick ratio of 1.03, a current ratio of 1.24 and a debt-to-equity ratio of 1.61. The firm has a market cap of $1.94 billion, a price-to-earnings ratio of 73.52, a PEG ratio of 0.66 and a beta of 0.55.
In other news, General Counsel Jeanna Steele sold 4,657 shares of the company’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $14.58, for a total value of $67,899.06. Following the completion of the sale, the general counsel now owns 112,812 shares in the company, valued at $1,644,798.96. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Lynn Michelle Jurich sold 68,532 shares of the company’s stock in a transaction on Monday, February 11th. The shares were sold at an average price of $15.00, for a total value of $1,027,980.00. Following the completion of the sale, the chief executive officer now owns 3,033,581 shares of the company’s stock, valued at approximately $45,503,715. The disclosure for this sale can be found here. Insiders have sold a total of 578,290 shares of company stock valued at $9,129,864 in the last quarter. 19.45% of the stock is currently owned by insiders.
Several institutional investors have recently made changes to their positions in RUN. Neuberger Berman Group LLC lifted its holdings in shares of Sunrun by 881.0% in the third quarter. Neuberger Berman Group LLC now owns 2,517,568 shares of the energy company’s stock valued at $31,318,000 after buying an additional 2,260,933 shares during the period. Millennium Management LLC lifted its holdings in shares of Sunrun by 147.8% in the fourth quarter. Millennium Management LLC now owns 2,946,325 shares of the energy company’s stock valued at $32,085,000 after buying an additional 1,757,496 shares during the period. Norges Bank acquired a new stake in shares of Sunrun in the fourth quarter valued at $16,863,000. Dimensional Fund Advisors LP lifted its holdings in shares of Sunrun by 201.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,525,543 shares of the energy company’s stock valued at $16,612,000 after buying an additional 1,019,554 shares during the period. Finally, Morgan Stanley lifted its holdings in shares of Sunrun by 104.8% during the third quarter. Morgan Stanley now owns 1,371,638 shares of the energy company’s stock valued at $17,064,000 after purchasing an additional 701,745 shares during the last quarter. Institutional investors and hedge funds own 85.56% of the company’s stock.
Sunrun Company Profile
Sunrun Inc engages in the design, development, installation, sale, ownership, and maintenance of residential solar energy systems in the United States. It also sells solar energy systems and products, such as panels and racking, as well as solar leads generated to customers. The company markets and sells its products through direct-to-consumer approach across online, retail, mass media, digital media, canvassing, field marketing, and referral channels, as well as its partner network.
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