Piper Sandler Raises Sunrun (NASDAQ:RUN) Price Target to $20.00

Sunrun (NASDAQ:RUN) had its price objective hoisted by Piper Sandler from $15.00 to $20.00 in a research report released on Monday, Benzinga reports. Piper Sandler currently has an overweight rating on the energy company’s stock.

A number of other research firms also recently weighed in on RUN. JPMorgan Chase & Co. raised their price target on Sunrun from $14.00 to $19.00 and gave the company an overweight rating in a research note on Tuesday, July 16th. Susquehanna raised their price target on Sunrun from $23.00 to $24.00 and gave the company a positive rating in a research note on Monday, July 15th. Jefferies Financial Group decreased their price target on Sunrun from $32.00 to $26.00 and set a buy rating for the company in a research note on Thursday, May 9th. Mizuho decreased their price target on Sunrun from $28.00 to $23.00 and set a buy rating for the company in a research note on Friday, April 19th. Finally, Morgan Stanley raised their price target on Sunrun from $24.00 to $29.00 and gave the company an overweight rating in a research note on Friday, June 14th. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average target price of $21.42.

Sunrun Stock Down 0.5 %

NASDAQ:RUN opened at $17.19 on Monday. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.99 and a current ratio of 1.31. The company has a market cap of $3.81 billion, a PE ratio of -2.58 and a beta of 2.61. Sunrun has a 52-week low of $8.43 and a 52-week high of $22.16. The stock has a 50-day simple moving average of $13.84 and a 200 day simple moving average of $13.12.

Sunrun (NASDAQ:RUN) last posted its quarterly earnings data on Wednesday, May 8th. The energy company reported ($0.40) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.49) by $0.09. The business had revenue of $458.20 million during the quarter, compared to the consensus estimate of $471.38 million. Sunrun had a negative return on equity of 3.58% and a negative net margin of 68.22%. Sunrun’s quarterly revenue was down 22.3% on a year-over-year basis. During the same period last year, the company earned ($1.12) earnings per share. On average, sell-side analysts expect that Sunrun will post -1.25 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Lynn Michelle Jurich sold 50,000 shares of the stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $12.11, for a total value of $605,500.00. Following the completion of the sale, the director now owns 1,344,383 shares of the company’s stock, valued at $16,280,478.13. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider Jeanna Steele sold 2,513 shares of the stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $12.61, for a total value of $31,688.93. Following the completion of the sale, the insider now owns 312,774 shares of the company’s stock, valued at $3,944,080.14. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Lynn Michelle Jurich sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $12.11, for a total value of $605,500.00. Following the sale, the director now directly owns 1,344,383 shares of the company’s stock, valued at approximately $16,280,478.13. The disclosure for this sale can be found here. Insiders sold a total of 255,712 shares of company stock valued at $3,706,261 in the last 90 days. Corporate insiders own 3.76% of the company’s stock.

Institutional Investors Weigh In On Sunrun

Several large investors have recently added to or reduced their stakes in RUN. Fifth Third Bancorp lifted its holdings in shares of Sunrun by 76.9% in the fourth quarter. Fifth Third Bancorp now owns 1,758 shares of the energy company’s stock valued at $35,000 after purchasing an additional 764 shares in the last quarter. BNP Paribas bought a new position in shares of Sunrun in the first quarter valued at approximately $37,000. CWM LLC lifted its holdings in shares of Sunrun by 883.9% in the second quarter. CWM LLC now owns 3,355 shares of the energy company’s stock valued at $40,000 after purchasing an additional 3,014 shares in the last quarter. USCF Advisers LLC lifted its holdings in shares of Sunrun by 130.0% in the fourth quarter. USCF Advisers LLC now owns 2,300 shares of the energy company’s stock valued at $45,000 after purchasing an additional 1,300 shares in the last quarter. Finally, Headlands Technologies LLC bought a new position in shares of Sunrun in the first quarter valued at approximately $53,000. Institutional investors and hedge funds 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.