Sunrun (NASDAQ:RUN) Cut to Hold at Jefferies Financial Group

Sunrun (NASDAQ:RUN) was downgraded by stock analysts at Jefferies Financial Group from a “buy” rating to a “hold” rating in a research report issued on Wednesday,Briefing.com Automated Import reports. They currently have a $8.00 target price on the energy company’s stock, down from their prior target price of $14.00. Jefferies Financial Group’s price objective indicates a potential upside of 15.44% from the stock’s current price.

RUN has been the topic of several other research reports. Roth Capital set a $20.00 target price on Sunrun in a report on Friday, February 28th. The Goldman Sachs Group dropped their target price on Sunrun from $17.00 to $15.00 and set a “buy” rating on the stock in a report on Monday, March 3rd. BMO Capital Markets dropped their target price on Sunrun from $11.00 to $9.00 and set a “market perform” rating on the stock in a report on Monday, March 3rd. StockNews.com raised Sunrun to a “sell” rating in a report on Friday, December 20th. Finally, Wells Fargo & Company dropped their price target on Sunrun from $15.00 to $12.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $17.20.

Sunrun Price Performance

Shares of RUN opened at $6.93 on Wednesday. The company has a market cap of $1.57 billion, a P/E ratio of -3.81 and a beta of 2.84. The stock has a fifty day moving average price of $8.86 and a 200 day moving average price of $12.39. 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 12 month low of $5.93 and a 12 month high of $22.26.

Insiders Place Their Bets

In other news, Director Lynn Michelle Jurich sold 50,000 shares of the company’s stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $9.42, for a total transaction 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 approximately $9,813,313.26. This represents a 4.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mary Powell sold 4,350 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $11.18, for a total transaction of $48,633.00. Following the transaction, the chief executive officer now directly owns 560,321 shares of the company’s stock, valued at $6,264,388.78. This represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 171,466 shares of company stock valued at $1,607,397 in the last quarter. Insiders own 3.77% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in 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 purchasing an additional 3,699,405 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Sunrun by 8.6% during 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 worth $6,125,000 after buying an additional 52,176 shares during the last quarter. Vident Advisory LLC grew its stake in Sunrun by 76.9% during the fourth quarter. Vident Advisory LLC now owns 20,219 shares of the energy company’s stock worth $187,000 after buying an additional 8,792 shares during the last quarter. Teza Capital Management LLC grew its stake in Sunrun by 12.9% during the fourth quarter. Teza Capital Management LLC now owns 44,677 shares of the energy company’s stock worth $413,000 after buying an additional 5,121 shares during the last quarter. Finally, Raiffeisen Bank International AG bought a new stake in shares of Sunrun during the fourth quarter valued at approximately $2,363,000. Institutional investors and hedge funds 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.