Sunrun (NASDAQ:RUN) Now Covered by TD Cowen

Stock analysts at TD Cowen initiated coverage on shares of Sunrun (NASDAQ:RUN) in a report released on Thursday, Marketbeat.com reports. The firm set a “buy” rating and a $21.00 price target on the energy company’s stock. TD Cowen’s target price would indicate a potential upside of 129.51% from the stock’s previous close.

A number of other research analysts have also recently commented on RUN. Oppenheimer reduced their price target on shares of Sunrun from $22.00 to $20.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. Jefferies Financial Group cut their price target on shares of Sunrun from $31.00 to $29.00 and set a “buy” rating for the company in a research report on Thursday, October 10th. BNP Paribas lowered Sunrun from an “outperform” rating to a “neutral” rating and set a $14.00 price target for the company. in a research report on Friday, November 8th. Morgan Stanley dropped their price target on Sunrun from $35.00 to $27.00 and set an “overweight” rating for the company in a research note on Friday, November 15th. Finally, UBS Group dropped their target price on shares of Sunrun from $18.00 to $14.00 and set a “neutral” rating for the company in a research report on Tuesday, November 26th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $19.21.

Sunrun Price Performance

Shares of NASDAQ:RUN opened at $9.15 on Thursday. The firm has a market capitalization of $2.05 billion, a price-to-earnings ratio of -5.03 and a beta of 2.54. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.47 and a quick ratio of 1.15. Sunrun has a one year low of $9.13 and a one year high of $22.26. The company’s fifty day moving average price is $12.22 and its 200-day moving average price is $15.16.

Insider Buying and Selling at Sunrun

In other Sunrun news, Director Lynn Michelle Jurich sold 50,000 shares of Sunrun stock in a transaction on 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 transaction, the director now directly owns 1,142,446 shares of the company’s stock, valued at $16,679,711.60. This trade represents a 4.19 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Jeanna Steele sold 2,624 shares of the stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $16.35, for a total transaction of $42,902.40. Following the completion of the transaction, the insider now directly owns 305,636 shares of the company’s stock, valued at approximately $4,997,148.60. The trade was a 0.85 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 119,691 shares of company stock worth $1,540,601. Insiders own 3.77% of the company’s stock.

Institutional Investors Weigh In On Sunrun

Several institutional investors have recently modified their holdings of RUN. Franklin Resources Inc. purchased a new position in shares of Sunrun during the third quarter valued at approximately $896,000. Wilmington Savings Fund Society FSB purchased a new position in Sunrun in the 3rd quarter worth about $44,000. Virtu Financial LLC bought a new stake in Sunrun during the 3rd quarter valued at about $482,000. TCW Group Inc. purchased a new stake in Sunrun in the 3rd quarter valued at about $218,000. Finally, Geode Capital Management LLC boosted its position in Sunrun by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 5,315,667 shares of the energy company’s stock valued at $96,019,000 after buying an additional 30,549 shares during the period. 91.69% of the stock is owned by institutional investors.

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.