Sunrun (NASDAQ:RUN) Stock Rating Upgraded by BNP Paribas

BNP Paribas upgraded shares of Sunrun (NASDAQ:RUN) from a neutral rating to an outperform rating in a research report report published on Tuesday, Marketbeat Ratings reports. BNP Paribas currently has $16.00 target price on the energy company’s stock.

Other research analysts have also recently issued research reports about the stock. Susquehanna dropped their price objective on shares of Sunrun from $24.00 to $23.00 and set a “positive” rating for the company in a report on Wednesday, October 16th. Truist Financial reaffirmed a “hold” rating and set a $12.00 price objective (down from $18.00) on shares of Sunrun in a research report on Tuesday, November 12th. Barclays cut their price target on Sunrun from $19.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 16th. StockNews.com raised Sunrun to a “sell” rating in a research report on Friday, December 20th. Finally, Roth Mkm cut their target price on Sunrun from $35.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $19.31.

Sunrun Price Performance

RUN opened at $11.37 on Tuesday. The stock’s 50-day moving average price is $10.92 and its 200 day moving average price is $14.81. Sunrun has a 12-month low of $9.01 and a 12-month high of $22.26. The firm has a market cap of $2.55 billion, a price-to-earnings ratio of -6.25 and a beta of 2.58. The company has a current ratio of 1.47, a quick ratio of 1.15 and a debt-to-equity ratio of 1.92.

Insider Buying and Selling at Sunrun

In other news, CRO Paul S. Dickson sold 2,968 shares of the company’s stock in a transaction 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 of the company’s stock, valued at $4,678,740.56. This represents a 0.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Lynn Michelle Jurich sold 50,000 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $9.94, for a total transaction of $497,000.00. Following the sale, the director now directly owns 1,092,446 shares in the company, valued at approximately $10,858,913.24. This represents a 4.38 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 164,830 shares of company stock valued at $1,864,647. 3.77% of the stock is owned by corporate insiders.

Institutional Trading of Sunrun

Several large investors have recently bought and sold shares of the company. Erste Asset Management GmbH acquired a new position in shares of Sunrun during the 3rd quarter worth $76,152,000. Sylebra Capital LLC acquired a new position in Sunrun during the second quarter worth about $35,387,000. Greenvale Capital LLP grew its position in shares of Sunrun by 20.5% in the second 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 during the last quarter. FMR LLC increased its stake 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 worth $61,952,000 after purchasing an additional 1,562,163 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in shares of 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 during the last quarter. Institutional investors and hedge funds 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.