BMO Capital Markets Issues Pessimistic Forecast for Sunrun (NASDAQ:RUN) Stock Price

Sunrun (NASDAQ:RUN) had its target price trimmed by BMO Capital Markets from $11.00 to $9.00 in a research report sent to investors on Monday morning,Benzinga reports. The firm currently has a market perform rating on the energy company’s stock.

A number of other research firms have also weighed in on RUN. Oppenheimer cut their target price on shares of Sunrun from $22.00 to $20.00 and set an “outperform” rating on the stock in a research note on Friday, November 8th. JPMorgan Chase & Co. lowered their price target on Sunrun from $22.00 to $18.00 and set an “overweight” rating for the company in a report on Thursday, January 23rd. BNP Paribas raised Sunrun from a “neutral” rating to an “outperform” rating and set a $16.00 price target for the company in a report on Tuesday, January 7th. Truist Financial reaffirmed a “hold” rating and issued a $12.00 price target (down from $18.00) on shares of Sunrun in a report on Tuesday, November 12th. Finally, Piper Sandler downgraded Sunrun from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $23.00 to $11.00 in a report on Friday, November 22nd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, Sunrun presently has an average rating of “Moderate Buy” and an average target price of $17.51.

Sunrun Stock Up 2.8 %

RUN stock opened at $6.90 on Monday. The company’s 50 day moving average price is $9.13 and its 200 day moving average price is $12.85. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.15 and a current ratio of 1.47. Sunrun has a fifty-two week low of $5.93 and a fifty-two week high of $22.26. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of -3.79 and a beta of 2.59.

Insider Transactions at Sunrun

In other Sunrun news, CRO Paul S. Dickson sold 2,968 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $11.18, for a total value of $33,182.24. Following the completion of the transaction, the executive now owns 418,492 shares in the company, valued at approximately $4,678,740.56. This represents a 0.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Lynn Michelle Jurich sold 50,000 shares of the stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $9.42, for a total value of $471,000.00. Following the completion of the transaction, the director now owns 1,041,753 shares of the company’s stock, valued at $9,813,313.26. The trade was a 4.58 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 163,064 shares of company stock worth $1,551,556 over the last 90 days. 3.77% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Sylebra Capital LLC raised its position in Sunrun by 124.0% in the fourth quarter. Sylebra Capital LLC now owns 6,683,162 shares of the energy company’s stock worth $61,819,000 after acquiring an additional 3,699,405 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Sunrun by 8.6% in 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 valued at $6,125,000 after buying an additional 52,176 shares in the last quarter. Vident Advisory LLC increased its position in shares of Sunrun by 76.9% in the fourth quarter. Vident Advisory LLC now owns 20,219 shares of the energy company’s stock valued at $187,000 after buying an additional 8,792 shares in the last quarter. Teza Capital Management LLC boosted its stake in shares of Sunrun by 12.9% during the fourth quarter. Teza Capital Management LLC now owns 44,677 shares of the energy company’s stock valued at $413,000 after acquiring an additional 5,121 shares during the last quarter. Finally, Raiffeisen Bank International AG acquired a new stake in shares of Sunrun during the fourth quarter valued at $2,363,000. Hedge funds and other institutional investors own 91.69% of the company’s stock.

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.