Barclays Cuts Sunrun (NASDAQ:RUN) Price Target to $15.00

Sunrun (NASDAQ:RUN) had its price objective decreased by Barclays from $18.00 to $15.00 in a research note published on Tuesday morning,Benzinga reports. Barclays currently has an equal weight rating on the energy company’s stock.

Several other brokerages have also issued reports on RUN. Wells Fargo & Company decreased their target price on Sunrun from $15.00 to $12.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. Piper Sandler lowered Sunrun from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $23.00 to $11.00 in a report on Friday, November 22nd. UBS Group raised Sunrun from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $14.00 to $17.00 in a report on Friday, January 10th. Glj Research reissued a “sell” rating and issued a $7.78 price objective on shares of Sunrun in a report on Thursday, November 7th. Finally, Guggenheim lowered Sunrun from a “buy” rating to a “neutral” rating in a report on Thursday, November 7th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $18.36.

Sunrun Trading Up 0.3 %

Shares of Sunrun stock opened at $9.42 on Tuesday. Sunrun has a 1 year low of $8.22 and a 1 year high of $22.26. The firm has a market cap of $2.11 billion, a PE ratio of -5.18 and a beta of 2.58. The stock has a fifty day moving average price of $10.19 and a 200-day moving average price of $14.39. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.47 and a quick ratio of 1.15.

Sunrun (NASDAQ:RUN) last announced its earnings results on Thursday, November 7th. The energy company reported ($0.37) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.21). Sunrun had a negative net margin of 18.80% and a negative return on equity of 5.15%. The business had revenue of $537.17 million for the quarter, compared to analysts’ expectations of $560.60 million. During the same period in the prior year, the business earned $0.40 earnings per share. Equities research analysts anticipate that Sunrun will post -0.41 EPS for the current year.

Insider Buying and Selling

In other news, Director Lynn Michelle Jurich sold 50,000 shares of the stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $9.59, for a total transaction of $479,500.00. Following the completion of the sale, the director now owns 991,753 shares of the company’s stock, valued at approximately $9,510,911.27. This represents a 4.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CRO Paul S. Dickson sold 2,968 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $11.18, for a total value of $33,182.24. Following the sale, the executive now directly owns 418,492 shares of the company’s stock, valued at approximately $4,678,740.56. This trade represents a 0.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 164,830 shares of company stock worth $1,614,147 in the last quarter. 3.77% of the stock is owned by insiders.

Institutional Trading of Sunrun

A number of institutional investors have recently made changes to their positions in the stock. Newbridge Financial Services Group Inc. boosted its stake in shares of Sunrun by 133.3% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 3,500 shares of the energy company’s stock valued at $32,000 after purchasing an additional 2,000 shares during the period. Empowered Funds LLC raised its holdings in shares of Sunrun by 23.2% during the fourth quarter. Empowered Funds LLC now owns 13,734 shares of the energy company’s stock valued at $127,000 after acquiring an additional 2,588 shares in the last quarter. Bleakley Financial Group LLC raised its holdings in shares of Sunrun by 39.3% during the fourth quarter. Bleakley Financial Group LLC now owns 18,915 shares of the energy company’s stock valued at $175,000 after acquiring an additional 5,332 shares in the last quarter. Jennison Associates LLC raised its holdings in shares of Sunrun by 36.7% during the fourth quarter. Jennison Associates LLC now owns 61,498 shares of the energy company’s stock valued at $569,000 after acquiring an additional 16,497 shares in the last quarter. Finally, Alterna Wealth Management Inc. bought a new position in shares of Sunrun during the fourth quarter valued at approximately $96,000. Hedge funds and other 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.