BidaskClub Downgrades Sunrun (RUN) to Hold

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Sunrun (NASDAQ:RUN) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

A number of other equities analysts have also commented on RUN. ValuEngine raised shares of Sunrun from a “buy” rating to a “strong-buy” rating in a research report on Friday, November 30th. Credit Suisse Group set a $24.00 price target on shares of Sunrun and gave the stock a “buy” rating in a research report on Friday, March 1st. Finally, Zacks Investment Research raised shares of Sunrun from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research report on Wednesday, March 6th. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Sunrun presently has an average rating of “Buy” and a consensus target price of $16.94.

NASDAQ:RUN opened at $14.77 on Friday. Sunrun has a 52 week low of $7.32 and a 52 week high of $17.09. The stock has a market cap of $1.68 billion, a P/E ratio of 64.22, a price-to-earnings-growth ratio of 0.60 and a beta of 0.57. The company has a debt-to-equity ratio of 1.61, a quick ratio of 1.03 and a current ratio of 1.24.

In other news, major shareholder Tiger Global Management Llc bought 500,000 shares of the firm’s stock in a transaction on Monday, December 17th. The shares were purchased at an average cost of $13.14 per share, with a total value of $6,570,000.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Edward Harris Fenster sold 150,092 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $16.38, for a total transaction of $2,458,506.96. Following the completion of the transaction, the chairman now directly owns 2,339,795 shares in the company, valued at $38,325,842.10. The disclosure for this sale can be found here. Over the last three months, insiders acquired 1,600,364 shares of company stock worth $24,348,303 and sold 573,633 shares worth $9,061,965. 19.45% of the stock is owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the business. Rehmann Capital Advisory Group increased its holdings in Sunrun by 1,143.9% in the 3rd quarter. Rehmann Capital Advisory Group now owns 10,163 shares of the energy company’s stock valued at $817,000 after buying an additional 9,346 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Sunrun by 230.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 505,989 shares of the energy company’s stock valued at $6,295,000 after purchasing an additional 352,702 shares in the last quarter. Vanguard Group Inc boosted its stake in shares of Sunrun by 8.8% in the 3rd quarter. Vanguard Group Inc now owns 7,664,932 shares of the energy company’s stock valued at $95,351,000 after purchasing an additional 618,002 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Sunrun by 8.8% in the 3rd quarter. Vanguard Group Inc. now owns 7,664,932 shares of the energy company’s stock valued at $95,351,000 after purchasing an additional 618,002 shares in the last quarter. Finally, Standard Life Aberdeen plc acquired a new stake in shares of Sunrun in the 3rd quarter valued at approximately $261,000. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

Sunrun Company Profile

Sunrun Inc engages in the design, development, installation, sale, ownership, and maintenance of residential solar energy systems in the United States. It also sells solar leads. The company markets and sells its products through direct channels, partner channels, mass media, digital media, canvassing, referral, retail, and field marketing.

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