Sunrun (NASDAQ:RUN) Receives “Hold” Rating from Truist Financial

Truist Financial restated their hold rating on shares of Sunrun (NASDAQ:RUN) in a research report report published on Monday,Benzinga reports. The brokerage currently has a $9.00 price objective on the energy company’s stock, down from their prior price objective of $12.00.

Several other research analysts have also issued reports on RUN. StockNews.com raised shares of Sunrun to a “sell” rating in a research note on Friday, December 20th. Morgan Stanley lowered their price objective on shares of Sunrun from $35.00 to $27.00 and set an “overweight” rating on the stock in a report on Friday, November 15th. UBS Group upgraded shares of Sunrun from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $14.00 to $17.00 in a report on Friday, January 10th. Barclays lowered their price objective on shares of Sunrun from $18.00 to $15.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 28th. Finally, Roth Mkm lowered their price objective on shares of Sunrun from $35.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, November 8th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Sunrun currently has a consensus rating of “Moderate Buy” and an average price target of $17.51.

Sunrun Stock Up 2.8 %

Shares of NASDAQ RUN opened at $6.90 on Monday. The firm has a market cap of $1.55 billion, a PE ratio of -3.79 and a beta of 2.59. Sunrun has a 12-month low of $5.93 and a 12-month high of $22.26. The company’s fifty day simple moving average is $9.13 and its 200 day simple moving average is $12.85. The company has a quick ratio of 1.15, a current ratio of 1.47 and a debt-to-equity ratio of 1.92.

Insider Buying and Selling

In related news, Director Lynn Michelle Jurich sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $9.10, for a total transaction of $455,000.00. Following the completion of the sale, the director now owns 941,753 shares in the company, valued at approximately $8,569,952.30. This trade represents a 5.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Edward Harris Fenster bought 150,000 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were acquired at an average price of $6.80 per share, with a total value of $1,020,000.00. Following the transaction, the director now directly owns 1,358,182 shares of the company’s stock, valued at approximately $9,235,637.60. This trade represents a 12.42 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 163,064 shares of company stock worth $1,551,556. Insiders own 3.77% of the company’s stock.

Hedge Funds Weigh In On Sunrun

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sylebra Capital LLC boosted its position in Sunrun by 124.0% during the fourth quarter. Sylebra Capital LLC now owns 6,683,162 shares of the energy company’s stock worth $61,819,000 after purchasing an additional 3,699,405 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Sunrun by 8.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 662,211 shares of the energy company’s stock worth $6,125,000 after purchasing an additional 52,176 shares during the period. Vident Advisory LLC boosted its position in Sunrun by 76.9% during the fourth quarter. Vident Advisory LLC now owns 20,219 shares of the energy company’s stock worth $187,000 after purchasing an additional 8,792 shares during the period. Teza Capital Management LLC boosted its position in Sunrun by 12.9% during the fourth quarter. Teza Capital Management LLC now owns 44,677 shares of the energy company’s stock worth $413,000 after purchasing an additional 5,121 shares during the period. Finally, Raiffeisen Bank International AG bought a new position in Sunrun during the fourth quarter worth about $2,363,000. 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.