Sunrun (NASDAQ:RUN) PT Lowered to $23.00 at Mizuho

Sunrun (NASDAQ:RUN) had its price target reduced by stock analysts at Mizuho from $28.00 to $23.00 in a report released on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the energy company’s stock. Mizuho’s target price would suggest a potential upside of 128.17% from the company’s previous close.

RUN has been the topic of several other research reports. Truist Financial reiterated a “hold” rating and issued a $14.00 price objective (down previously from $15.00) on shares of Sunrun in a research note on Monday, February 26th. Janney Montgomery Scott lowered shares of Sunrun from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 27th. The Goldman Sachs Group increased their price target on shares of Sunrun from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Thursday, February 22nd. Oppenheimer restated an “outperform” rating and set a $19.00 price target on shares of Sunrun in a research note on Thursday, February 22nd. Finally, KeyCorp restated a “sector weight” rating on shares of Sunrun in a research note on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $21.26.

Sunrun Trading Down 0.3 %

Shares of NASDAQ:RUN traded down $0.03 during mid-day trading on Friday, hitting $10.08. The stock had a trading volume of 5,148,265 shares, compared to its average volume of 14,216,014. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.96 and a current ratio of 1.26. The company has a market cap of $2.21 billion, a PE ratio of -1.37 and a beta of 2.46. Sunrun has a 12-month low of $8.43 and a 12-month high of $23.85. The company’s 50 day moving average is $12.47 and its 200-day moving average is $13.17.

Sunrun (NASDAQ:RUN) last issued its quarterly earnings results on Wednesday, February 21st. The energy company reported ($1.33) EPS for the quarter, missing the consensus estimate of ($0.13) by ($1.20). The firm had revenue of $516.59 million during the quarter, compared to analysts’ expectations of $499.74 million. Sunrun had a negative net margin of 71.00% and a negative return on equity of 5.58%. On average, sell-side analysts predict that Sunrun will post -1.69 EPS for the current year.

Insider Transactions at Sunrun

In other news, insider Jeanna Steele sold 8,187 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $12.11, for a total transaction of $99,144.57. Following the completion of the transaction, the insider now directly owns 239,724 shares of the company’s stock, valued at approximately $2,903,057.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Jeanna Steele sold 8,187 shares of Sunrun stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $12.11, for a total transaction of $99,144.57. Following the completion of the transaction, the insider now directly owns 239,724 shares of the company’s stock, valued at approximately $2,903,057.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Edward Harris Fenster sold 172,920 shares of Sunrun stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $11.95, for a total transaction of $2,066,394.00. Following the transaction, the director now directly owns 1,261,317 shares of the company’s stock, valued at $15,072,738.15. The disclosure for this sale can be found here. In the last three months, insiders sold 301,760 shares of company stock valued at $3,615,990. Company insiders own 3.76% of the company’s stock.

Hedge Funds Weigh In On Sunrun

Institutional investors have recently added to or reduced their stakes in the company. American Century Companies Inc. increased its position in Sunrun by 24.2% in the 1st quarter. American Century Companies Inc. now owns 13,754 shares of the energy company’s stock valued at $417,000 after acquiring an additional 2,679 shares in the last quarter. US Bancorp DE boosted its stake in Sunrun by 123.5% during the 1st quarter. US Bancorp DE now owns 6,534 shares of the energy company’s stock worth $198,000 after acquiring an additional 3,611 shares during the last quarter. Private Advisor Group LLC boosted its stake in Sunrun by 37.1% during the 1st quarter. Private Advisor Group LLC now owns 19,786 shares of the energy company’s stock worth $601,000 after acquiring an additional 5,349 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in Sunrun by 58.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 10,836 shares of the energy company’s stock worth $329,000 after acquiring an additional 4,010 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Sunrun by 10.5% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 75,865 shares of the energy company’s stock worth $2,304,000 after acquiring an additional 7,233 shares during the last quarter. 91.69% of the stock is owned by institutional investors.

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.