Sunrun (NASDAQ:RUN) Stock Price Up 5.7% – Time to Buy?

Sunrun Inc. (NASDAQ:RUN)’s stock price rose 5.7% during mid-day trading on Thursday . The company traded as high as $10.92 and last traded at $10.86. Approximately 5,646,296 shares traded hands during mid-day trading, a decline of 53% from the average daily volume of 12,002,173 shares. The stock had previously closed at $10.27.

Analyst Upgrades and Downgrades

RUN has been the topic of a number of recent research reports. Wells Fargo & Company reduced their target price on shares of Sunrun from $20.00 to $15.00 and set an “overweight” rating on the stock in a report on Friday, November 8th. Susquehanna cut their price objective on shares of Sunrun from $24.00 to $23.00 and set a “positive” rating on the stock in a report on Wednesday, October 16th. Oppenheimer cut their price objective on shares of Sunrun from $22.00 to $20.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. Roth Mkm cut their price objective on shares of Sunrun from $35.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, November 8th. Finally, Glj Research reiterated a “sell” rating and set a $7.78 price objective on shares of Sunrun in a report on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, Sunrun presently has a consensus rating of “Hold” and an average target price of $20.12.

Sunrun Price Performance

The company has a debt-to-equity ratio of 1.92, a current ratio of 1.47 and a quick ratio of 1.15. The company’s 50-day simple moving average is $15.70 and its 200-day simple moving average is $15.39. The company has a market cap of $2.22 billion, a price-to-earnings ratio of -5.43 and a beta of 2.61.

Insider Buying and Selling at Sunrun

In related news, Director Gerald Alan Risk sold 9,045 shares of Sunrun stock in a transaction on Monday, August 19th. The shares were sold at an average price of $20.04, for a total value of $181,261.80. Following the completion of the sale, the director now owns 334,761 shares in the company, valued at approximately $6,708,610.44. The trade was a 2.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lynn Michelle Jurich sold 1,937 shares of Sunrun stock in a transaction on Friday, September 6th. The stock was sold at an average price of $18.23, for a total transaction of $35,311.51. Following the completion of the sale, the director now owns 1,242,446 shares of the company’s stock, valued at approximately $22,649,790.58. This trade represents a 0.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 155,840 shares of company stock valued at $2,755,487 over the last 90 days. 3.77% of the stock is owned by corporate insiders.

Institutional Trading of Sunrun

A number of hedge funds and other institutional investors have recently made changes to their positions in RUN. Victory Capital Management Inc. boosted its holdings in Sunrun by 1.5% in the second quarter. Victory Capital Management Inc. now owns 45,374 shares of the energy company’s stock worth $538,000 after purchasing an additional 691 shares during the period. Creative Planning boosted its holdings in shares of Sunrun by 0.3% during the third quarter. Creative Planning now owns 290,259 shares of the energy company’s stock valued at $5,242,000 after acquiring an additional 784 shares during the period. Van ECK Associates Corp boosted its holdings in shares of Sunrun by 1.8% during the third quarter. Van ECK Associates Corp now owns 50,105 shares of the energy company’s stock valued at $905,000 after acquiring an additional 886 shares during the period. Crossmark Global Holdings Inc. boosted its holdings in shares of Sunrun by 6.0% during the second quarter. Crossmark Global Holdings Inc. now owns 15,690 shares of the energy company’s stock valued at $186,000 after acquiring an additional 895 shares during the period. Finally, &PARTNERS boosted its holdings in shares of Sunrun by 1.6% during the second quarter. &PARTNERS now owns 63,244 shares of the energy company’s stock valued at $698,000 after acquiring an additional 1,019 shares during the period. Institutional investors 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.