Sunrun’s (RUN) “Neutral” Rating Reaffirmed at Citigroup

Citigroup reaffirmed their neutral rating on shares of Sunrun (NASDAQ:RUN) in a research report released on Thursday, Marketbeat.com reports. They currently have a $7.00 price target on the energy company’s stock.

Several other analysts also recently weighed in on RUN. BMO Capital Markets decreased their target price on Sunrun from $11.00 to $9.00 and set a “market perform” rating for the company in a research report on Monday, March 3rd. BNP Paribas raised Sunrun from a “neutral” rating to an “outperform” rating and set a $16.00 price target on the stock in a research report on Tuesday, January 7th. TD Cowen lowered their price objective on shares of Sunrun from $18.00 to $14.00 and set a “buy” rating for the company in a research note on Friday, February 28th. StockNews.com upgraded shares of Sunrun to a “sell” rating in a report on Friday, December 20th. Finally, Barclays cut 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. Two analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, Sunrun presently has an average rating of “Hold” and an average target price of $16.01.

Sunrun Stock Performance

Sunrun stock opened at $6.85 on Thursday. The firm has a market capitalization of $1.55 billion, a P/E ratio of -3.76 and a beta of 2.74. The company’s 50-day moving average is $7.03 and its 200 day moving average is $9.97. Sunrun has a 1-year low of $5.45 and a 1-year high of $22.26. 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 at Sunrun

In other news, CFO Danny Abajian sold 16,927 shares of the firm’s stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $6.74, for a total transaction of $114,087.98. Following the sale, the chief financial officer now directly owns 231,279 shares in the company, valued at $1,558,820.46. This trade represents a 6.82 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lynn Michelle Jurich sold 50,000 shares of Sunrun stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $9.10, for a total value of $455,000.00. Following the completion of the transaction, the director now owns 941,753 shares of the company’s stock, valued at approximately $8,569,952.30. This represents a 5.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 138,540 shares of company stock worth $1,050,944 over the last three months. Company insiders own 3.77% of the company’s stock.

Institutional Trading of Sunrun

Several institutional investors have recently bought and sold shares of the business. Aster Capital Management DIFC Ltd purchased a new position in shares of Sunrun during the 4th quarter valued at approximately $29,000. Newbridge Financial Services Group Inc. grew its holdings in shares of Sunrun by 133.3% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 3,500 shares of the energy company’s stock worth $32,000 after buying an additional 2,000 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Sunrun in the third quarter worth about $44,000. Summit Securities Group LLC acquired a new position in Sunrun during the fourth quarter worth about $53,000. Finally, Union Bancaire Privee UBP SA purchased a new stake in Sunrun during the 4th quarter valued at about $56,000. 91.69% of the stock is owned by institutional investors and hedge funds.

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.