Sunrun (NASDAQ:RUN) PT Lowered to $29.00 at Jefferies Financial Group

Sunrun (NASDAQ:RUN) had its price target reduced by Jefferies Financial Group from $31.00 to $29.00 in a research note released on Thursday, Benzinga reports. They currently have a buy rating on the energy company’s stock.

Other analysts have also recently issued research reports about the company. Barclays lifted their target price on Sunrun from $16.00 to $19.00 and gave the stock an equal weight rating in a research report on Tuesday, July 23rd. Susquehanna boosted their price target on Sunrun from $23.00 to $24.00 and gave the company a positive rating in a research report on Monday, July 15th. Oppenheimer boosted their price target on Sunrun from $19.00 to $22.00 and gave the company an outperform rating in a research report on Wednesday, August 7th. BMO Capital Markets boosted their price target on Sunrun from $17.00 to $20.00 and gave the company a market perform rating in a research report on Wednesday, August 7th. Finally, UBS Group boosted their price target on Sunrun from $14.00 to $18.00 and gave the company a neutral rating in a research report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, Sunrun presently has an average rating of Moderate Buy and an average price target of $22.55.

Sunrun Stock Up 2.7 %

Shares of NASDAQ RUN opened at $15.94 on Thursday. The company has a market capitalization of $3.53 billion, a price-to-earnings ratio of -2.39 and a beta of 2.58. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.66 and a quick ratio of 1.31. The business has a 50-day moving average of $18.64 and a two-hundred day moving average of $15.08. Sunrun has a 1 year low of $8.43 and a 1 year high of $22.26.

Sunrun (NASDAQ:RUN) last posted its earnings results on Tuesday, August 6th. The energy company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.88. Sunrun had a negative return on equity of 2.41% and a negative net margin of 66.36%. The business had revenue of $523.87 million for the quarter, compared to analysts’ expectations of $516.76 million. During the same quarter in the previous year, the firm earned $0.25 earnings per share. The business’s revenue was down 11.2% compared to the same quarter last year. On average, analysts forecast that Sunrun will post -0.17 earnings per share for the current fiscal year.

Insider Activity at Sunrun

In related news, CFO Danny Abajian sold 4,869 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $16.35, for a total value of $79,608.15. Following the sale, the chief financial officer now owns 269,393 shares of the company’s stock, valued at approximately $4,404,575.55. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Danny Abajian sold 4,869 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $16.35, for a total value of $79,608.15. Following the sale, the chief financial officer now owns 269,393 shares of the company’s stock, valued at approximately $4,404,575.55. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CRO Paul S. Dickson sold 4,017 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $16.35, for a total value of $65,677.95. Following the completion of the sale, the executive now directly owns 423,866 shares in the company, valued at approximately $6,930,209.10. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 180,001 shares of company stock valued at $3,336,845. 3.76% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Sunrun by 14.0% in the 1st quarter. Vanguard Group Inc. now owns 22,325,106 shares of the energy company’s stock valued at $294,245,000 after acquiring an additional 2,743,148 shares during the last quarter. Greenvale Capital LLP raised its holdings in Sunrun by 20.5% in the 2nd quarter. Greenvale Capital LLP now owns 11,750,000 shares of the energy company’s stock valued at $139,355,000 after acquiring an additional 2,000,000 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Sunrun by 20.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,385,218 shares of the energy company’s stock valued at $52,025,000 after acquiring an additional 729,633 shares during the last quarter. Handelsbanken Fonder AB increased its holdings in shares of Sunrun by 0.6% during the 3rd quarter. Handelsbanken Fonder AB now owns 3,123,059 shares of the energy company’s stock worth $56,402,000 after buying an additional 18,000 shares during the last quarter. Finally, Sylebra Capital LLC acquired a new stake in shares of Sunrun during the 2nd quarter worth $35,387,000. 91.69% of the stock is currently owned by institutional investors and hedge funds.

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.