Sunrun (NASDAQ:RUN) Trading Down 10.6% – Should You Sell?

Sunrun Inc. (NASDAQ:RUN)’s share price was down 10.6% on Wednesday . The stock traded as low as $18.43 and last traded at $18.4720. Approximately 3,362,210 shares changed hands during mid-day trading, a decline of 58% from the average daily volume of 7,990,146 shares. The stock had previously closed at $20.66.

Wall Street Analyst Weigh In

RUN has been the topic of several recent research reports. UBS Group raised their price target on Sunrun from $16.00 to $26.00 and gave the stock a “buy” rating in a report on Tuesday, October 21st. JPMorgan Chase & Co. boosted their price objective on Sunrun from $23.00 to $25.00 and gave the stock an “overweight” rating in a research note on Thursday, October 16th. BMO Capital Markets set a $19.00 price target on shares of Sunrun and gave the company a “market perform” rating in a report on Wednesday, October 15th. Deutsche Bank Aktiengesellschaft set a $19.00 target price on shares of Sunrun in a report on Wednesday, January 7th. Finally, Citigroup upgraded Sunrun from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $11.00 to $26.00 in a report on Tuesday, October 21st. Thirteen research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $19.99.

Sunrun Trading Down 8.9%

The company has a 50 day moving average of $18.81 and a 200 day moving average of $17.63. The firm has a market cap of $4.37 billion, a P/E ratio of -1.68 and a beta of 2.36. The company has a debt-to-equity ratio of 3.67, a quick ratio of 1.06 and a current ratio of 1.46.

Insiders Place Their Bets

In other news, Director Lynn Michelle Jurich sold 50,000 shares of the stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $18.59, for a total transaction of $929,500.00. Following the transaction, the director owned 651,175 shares of the company’s stock, valued at approximately $12,105,343.25. This represents a 7.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Maria Barak sold 1,630 shares of the company’s stock in a transaction that occurred on Friday, January 9th. The stock was sold at an average price of $18.55, for a total value of $30,236.50. Following the sale, the chief accounting officer directly owned 85,643 shares of the company’s stock, valued at $1,588,677.65. The trade was a 1.87% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 354,956 shares of company stock worth $6,634,832 in the last 90 days. 3.37% of the stock is owned by corporate insiders.

Institutional Trading of Sunrun

Hedge funds have recently added to or reduced their stakes in the business. Salomon & Ludwin LLC grew its stake in shares of Sunrun by 49.2% in the fourth quarter. Salomon & Ludwin LLC now owns 1,693 shares of the energy company’s stock worth $31,000 after acquiring an additional 558 shares during the last quarter. Hantz Financial Services Inc. grew its position in Sunrun by 59.1% during the fourth quarter. Hantz Financial Services Inc. now owns 1,519 shares of the energy company’s stock worth $28,000 after buying an additional 564 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in Sunrun by 3.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 17,481 shares of the energy company’s stock valued at $322,000 after acquiring an additional 565 shares in the last quarter. Sage Rhino Capital LLC lifted its position in shares of Sunrun by 5.2% in the 4th quarter. Sage Rhino Capital LLC now owns 11,468 shares of the energy company’s stock worth $211,000 after acquiring an additional 572 shares during the period. Finally, GAMMA Investing LLC grew its holdings in shares of Sunrun by 3.5% during the 3rd quarter. GAMMA Investing LLC now owns 17,971 shares of the energy company’s stock worth $311,000 after purchasing an additional 607 shares in the last quarter. Institutional investors own 91.69% of the company’s stock.

About Sunrun

Sunrun, Inc (NASDAQ: RUN) is a leading provider of residential solar energy systems in the United States. The company designs, installs and maintains rooftop solar panels and battery storage solutions for homeowners under flexible financing arrangements. Customers can choose from leasing, power purchase agreements or solar ownership models, all of which are supported by Sunrun’s network of installation partners and service technicians. Sunrun also offers integrated home energy management services, including its Brightbox battery storage product, which enables customers to store solar energy for use during peak hours or power outages.

Founded in 2007 by Lynn Jurich, Ed Fenster and Nat Kreamer, Sunrun is headquartered in San Francisco, California.