Equities researchers at UBS Group started coverage on shares of Sunrun (NASDAQ:RUN) in a research report issued to clients and investors on Thursday. The firm set a “buy” rating on the energy company’s stock.
Several other research firms also recently weighed in on RUN. BidaskClub raised shares of Sunrun from a “hold” rating to a “buy” rating in a research report on Tuesday, March 6th. Zacks Investment Research cut shares of Sunrun from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Credit Suisse Group began coverage on shares of Sunrun in a report on Monday, February 12th. They set an “outperform” rating and a $15.00 price target for the company. Deutsche Bank set a $10.00 price target on shares of Sunrun and gave the stock a “buy” rating in a report on Monday, January 22nd. Finally, Roth Capital began coverage on shares of Sunrun in a report on Thursday, March 1st. They set a “buy” rating and a $10.00 price target for the company. One research analyst has rated the stock with a sell rating and ten have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $9.36.
Sunrun (NASDAQ:RUN) traded down $0.19 during trading on Thursday, hitting $7.46. 1,568,686 shares of the stock traded hands, compared to its average volume of 1,747,090. The stock has a market capitalization of $793.43 and a P/E ratio of 5.18. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.01 and a current ratio of 1.29. Sunrun has a 1-year low of $4.21 and a 1-year high of $7.78.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Handelsbanken Fonder AB lifted its stake in Sunrun by 103.7% in the fourth quarter. Handelsbanken Fonder AB now owns 1,364,180 shares of the energy company’s stock valued at $8,049,000 after acquiring an additional 694,402 shares during the last quarter. MetLife Investment Advisors LLC acquired a new stake in Sunrun in the fourth quarter valued at approximately $258,000. Millennium Management LLC lifted its stake in Sunrun by 35.9% in the fourth quarter. Millennium Management LLC now owns 2,008,395 shares of the energy company’s stock valued at $11,850,000 after acquiring an additional 531,030 shares during the last quarter. Teachers Insurance & Annuity Association of America acquired a new stake in Sunrun in the fourth quarter valued at approximately $888,000. Finally, Guggenheim Capital LLC lifted its stake in Sunrun by 31.2% in the fourth quarter. Guggenheim Capital LLC now owns 2,660,844 shares of the energy company’s stock valued at $15,700,000 after acquiring an additional 632,070 shares during the last quarter. Hedge funds and other institutional investors own 80.87% of the company’s stock.
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Sunrun Company Profile
Sunrun Inc is engaged in the design, development, installation, sale, ownership and maintenance of residential solar energy systems (Projects) in the United States. The Company is engaged in providing solar energy services and products to its customers. As of December 31, 2016, it operated a fleet of residential solar energy systems in the United States, with approximately 134,000 customers across 16 states, as well as the District of Columbia.
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