Sunrun (RUN) Reaches New 1-Year High and Low at $13.90
Sunrun Inc (NASDAQ:RUN) reached a new 52-week high and low on Tuesday . The company traded as low as $13.90 and last traded at $13.96, with a volume of 180371 shares trading hands. The stock had previously closed at $12.77.
A number of research firms recently weighed in on RUN. Credit Suisse Group raised their price target on shares of Sunrun from $15.00 to $16.00 and gave the company an “outperform” rating in a report on Wednesday. Zacks Investment Research raised shares of Sunrun from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 16th. ValuEngine raised shares of Sunrun from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 2nd. BidaskClub raised shares of Sunrun from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 21st. Finally, Guggenheim reaffirmed a “buy” rating and set a $12.00 price target on shares of Sunrun in a report on Thursday, April 12th. One analyst has rated the stock with a sell rating, one has issued a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. Sunrun has an average rating of “Buy” and a consensus price target of $10.08.
The company has a current ratio of 1.53, a quick ratio of 1.24 and a debt-to-equity ratio of 1.16. The company has a market cap of $1.38 billion, a P/E ratio of 16.48, a price-to-earnings-growth ratio of 0.76 and a beta of -0.86.
In other Sunrun news, CEO Lynn Michelle Jurich sold 36,522 shares of the stock in a transaction on Monday, April 2nd. The shares were sold at an average price of $8.92, for a total transaction of $325,776.24. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Tiger Global Management Llc purchased 776,138 shares of Sunrun stock in a transaction dated Wednesday, May 30th. The stock was acquired at an average price of $11.11 per share, for a total transaction of $8,622,893.18. The disclosure for this purchase can be found here. Insiders have acquired a total of 3,258,596 shares of company stock worth $38,344,367 over the last quarter. 19.45% of the stock is currently owned by insiders.
Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. lifted its position in shares of Sunrun by 0.3% in the 1st quarter. BlackRock Inc. now owns 6,034,105 shares of the energy company’s stock worth $53,884,000 after buying an additional 15,517 shares during the last quarter. Millennium Management LLC lifted its position in shares of Sunrun by 99.1% in the 1st quarter. Millennium Management LLC now owns 3,998,203 shares of the energy company’s stock worth $35,704,000 after buying an additional 1,989,808 shares during the last quarter. Guggenheim Capital LLC lifted its position in shares of Sunrun by 31.2% in the 4th quarter. Guggenheim Capital LLC now owns 2,660,844 shares of the energy company’s stock worth $15,700,000 after buying an additional 632,070 shares during the last quarter. Handelsbanken Fonder AB lifted its position in shares of Sunrun by 10.3% in the 1st quarter. Handelsbanken Fonder AB now owns 1,504,848 shares of the energy company’s stock worth $13,438,000 after buying an additional 140,668 shares during the last quarter. Finally, Uniplan Investment Counsel Inc. lifted its position in shares of Sunrun by 1.9% in the 1st quarter. Uniplan Investment Counsel Inc. now owns 1,387,136 shares of the energy company’s stock worth $12,387,000 after buying an additional 25,442 shares during the last quarter. Institutional investors own 81.10% of the company’s stock.
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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