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

Sunrun (NASDAQ:RUN) had its price objective decreased by Jefferies Financial Group from $31.00 to $29.00 in a report issued on Thursday morning, Benzinga reports. Jefferies Financial Group currently has a buy rating on the energy company’s stock.

Other analysts also recently issued reports about the stock. UBS Group boosted their price target on shares of Sunrun from $14.00 to $18.00 and gave the stock a neutral rating in a research note on Wednesday, August 7th. BMO Capital Markets boosted their target price on Sunrun from $17.00 to $20.00 and gave the company a market perform rating in a research note on Wednesday, August 7th. Barclays raised their price target on Sunrun from $16.00 to $19.00 and gave the stock an equal weight rating in a research report on Tuesday, July 23rd. StockNews.com upgraded Sunrun to a sell rating in a research report on Friday, September 27th. Finally, JPMorgan Chase & Co. raised their target price on shares of Sunrun from $19.00 to $22.00 and gave the stock an overweight rating in a report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus price target of $22.55.

Sunrun Price Performance

Shares of Sunrun stock opened at $15.52 on Thursday. The firm has a market capitalization of $3.47 billion, a PE ratio of -2.44 and a beta of 2.58. The company has a current ratio of 1.66, a quick ratio of 1.31 and a debt-to-equity ratio of 1.84. Sunrun has a 12 month low of $8.43 and a 12 month high of $22.26. The business’s 50-day moving average price is $18.65 and its 200-day moving average price is $15.02.

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

Insider Buying and Selling at Sunrun

In related news, CEO Mary Powell sold 2,148 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $18.79, for a total transaction of $40,360.92. Following the sale, the chief executive officer now owns 579,193 shares of the company’s stock, valued at $10,883,036.47. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, insider Jeanna Steele sold 2,624 shares of the company’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $16.35, for a total value of $42,902.40. Following the transaction, the insider now owns 305,636 shares in the company, valued at $4,997,148.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Mary Powell sold 2,148 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $18.79, for a total transaction of $40,360.92. Following the sale, the chief executive officer now owns 579,193 shares of the company’s stock, valued at approximately $10,883,036.47. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 180,001 shares of company stock valued at $3,336,845. 3.77% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Sunrun

Institutional investors and hedge funds have recently made changes to their positions in the company. Duncker Streett & Co. Inc. purchased a new position in shares of Sunrun during the second quarter valued at approximately $36,000. BNP Paribas bought a new stake in shares of Sunrun in the first quarter worth $37,000. CWM LLC increased its position in Sunrun by 883.9% during the second quarter. CWM LLC now owns 3,355 shares of the energy company’s stock valued at $40,000 after acquiring an additional 3,014 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in Sunrun in the second quarter valued at about $45,000. Finally, Headlands Technologies LLC purchased a new position in Sunrun in the first quarter worth about $53,000. Institutional investors own 91.69% of the company’s stock.

About Sunrun

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.