Sunrun (NASDAQ:RUN) Price Target Lowered to $15.00 at Wells Fargo & Company

Sunrun (NASDAQ:RUN) had its price objective reduced by Wells Fargo & Company from $20.00 to $15.00 in a report published on Friday morning,Benzinga reports. They currently have an overweight rating on the energy company’s stock.

Several other analysts also recently issued reports on RUN. Susquehanna cut their price target on Sunrun from $24.00 to $23.00 and set a “positive” rating on the stock in a report on Wednesday, October 16th. BNP Paribas downgraded shares of Sunrun from an “outperform” rating to a “neutral” rating and set a $14.00 price target for the company. in a report on Friday. Deutsche Bank Aktiengesellschaft upped their price target on shares of Sunrun from $12.00 to $16.50 and gave the stock a “hold” rating in a research report on Thursday, August 8th. StockNews.com upgraded shares of Sunrun to a “sell” rating in a research report on Friday, September 27th. Finally, Oppenheimer decreased their target price on shares of Sunrun from $22.00 to $20.00 and set an “outperform” rating for the company in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, Sunrun currently has a consensus rating of “Hold” and an average target price of $20.86.

Sunrun Stock Performance

Shares of NASDAQ RUN opened at $10.23 on Friday. The company has a quick ratio of 1.31, a current ratio of 1.66 and a debt-to-equity ratio of 1.84. The firm’s 50-day moving average price is $16.39 and its two-hundred day moving average price is $15.47. Sunrun has a 52-week low of $9.02 and a 52-week high of $22.26. The stock has a market capitalization of $2.29 billion, a P/E ratio of -5.62 and a beta of 2.61.

Insider Activity

In other Sunrun news, Director Gerald Alan Risk sold 9,045 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $20.04, for a total transaction of $181,261.80. Following the sale, the director now owns 334,761 shares in the company, valued at approximately $6,708,610.44. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Sunrun news, Director Gerald Alan Risk sold 9,045 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $20.04, for a total transaction of $181,261.80. Following the sale, the director now directly owns 334,761 shares of the company’s stock, valued at $6,708,610.44. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 completion of the sale, the chief financial officer now directly owns 278,260 shares of the company’s stock, valued at approximately $5,495,635. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 155,840 shares of company stock valued at $2,755,487 over the last three months. Insiders own 3.77% of the company’s stock.

Hedge Funds Weigh In On Sunrun

A number of large investors have recently made changes to their positions in RUN. International Assets Investment Management LLC increased its stake in shares of Sunrun by 1,706.3% in the third quarter. International Assets Investment Management LLC now owns 1,734 shares of the energy company’s stock worth $31,000 after acquiring an additional 1,638 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Sunrun by 385.5% during the 3rd quarter. Blue Trust Inc. now owns 1,845 shares of the energy company’s stock worth $33,000 after purchasing an additional 1,465 shares in the last quarter. Duncker Streett & Co. Inc. acquired a new stake in shares of Sunrun during the 2nd quarter valued at about $36,000. CWM LLC lifted its holdings in shares of Sunrun by 883.9% during the 2nd quarter. CWM LLC now owns 3,355 shares of the energy company’s stock valued at $40,000 after buying an additional 3,014 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Sunrun in the 2nd quarter valued at approximately $45,000. 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.