BMO Capital Markets Cuts Sunrun (NASDAQ:RUN) Price Target to $11.00

Sunrun (NASDAQ:RUN) had its price objective lowered by BMO Capital Markets from $20.00 to $11.00 in a research report report published on Monday,Benzinga reports. BMO Capital Markets currently has a market perform rating on the energy company’s stock.

Several other equities analysts have also issued reports on RUN. UBS Group upped their price target on Sunrun from $14.00 to $18.00 and gave the company a “neutral” rating in a research note on Wednesday, August 7th. Roth Mkm cut 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. BNP Paribas lowered shares of Sunrun from an “outperform” rating to a “neutral” rating and set a $14.00 target price for the company. in a report on Friday, November 8th. Glj Research reissued a “sell” rating and issued a $7.78 price target on shares of Sunrun in a research note on Thursday, November 7th. Finally, Oppenheimer decreased their price objective on Sunrun from $22.00 to $20.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, Sunrun presently has a consensus rating of “Hold” and an average price target of $20.54.

Sunrun Trading Up 5.4 %

Shares of RUN opened at $10.27 on Monday. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.15 and a current ratio of 1.47. The company has a market cap of $2.30 billion, a price-to-earnings ratio of -5.64 and a beta of 2.61. The stock has a fifty day moving average price of $16.03 and a two-hundred day moving average price of $15.43. Sunrun has a 52-week low of $9.23 and a 52-week high of $22.26.

Insider Transactions at Sunrun

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 shares were sold at an average price of $14.60, for a total value of $730,000.00. Following the completion of the sale, the director now owns 1,142,446 shares of the company’s stock, valued at $16,679,711.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CFO Danny Abajian sold 9,694 shares of the firm’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $19.75, for a total value of $191,456.50. Following the transaction, the chief financial officer now owns 278,260 shares in the company, valued at approximately $5,495,635. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lynn Michelle Jurich sold 50,000 shares of the company’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 directly owns 1,142,446 shares of the company’s stock, valued at $16,679,711.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 155,840 shares of company stock valued at $2,755,487. 3.77% of the stock is currently owned by corporate insiders.

Institutional Trading of Sunrun

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Sylebra Capital LLC bought a new stake in shares of Sunrun during the 2nd quarter worth $35,387,000. Vanguard Group Inc. lifted its holdings in shares of Sunrun by 14.0% in the first quarter. Vanguard Group Inc. now owns 22,325,106 shares of the energy company’s stock worth $294,245,000 after acquiring an additional 2,743,148 shares during the last quarter. Greenvale Capital LLP boosted its stake in shares of Sunrun by 20.5% in the 2nd quarter. Greenvale Capital LLP now owns 11,750,000 shares of the energy company’s stock valued at $139,355,000 after purchasing an additional 2,000,000 shares in the last quarter. FMR LLC grew its holdings in shares of Sunrun by 83.6% during the 3rd quarter. FMR LLC now owns 3,430,327 shares of the energy company’s stock valued at $61,952,000 after purchasing an additional 1,562,163 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in Sunrun by 113.5% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,515,302 shares of the energy company’s stock worth $45,426,000 after purchasing an additional 1,337,302 shares in the last quarter. 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.