Sunrun (NASDAQ:RUN) Price Target Raised to $20.00

Sunrun (NASDAQ:RUN) had its target price increased by Deutsche Bank Aktiengesellschaft from $11.00 to $20.00 in a report published on Wednesday morning,MarketScreener reports. They currently have a hold rating on the energy company’s stock.

A number of other research analysts also recently commented on RUN. Jefferies Financial Group raised shares of Sunrun from a “hold” rating to a “buy” rating and lifted their price objective for the company from $11.00 to $21.00 in a research report on Wednesday. JPMorgan Chase & Co. lifted their target price on shares of Sunrun from $20.00 to $23.00 and gave the stock an “overweight” rating in a report on Friday, September 19th. The Goldman Sachs Group lifted their target price on shares of Sunrun from $15.00 to $19.00 and gave the stock a “buy” rating in a report on Thursday, September 11th. Glj Research raised shares of Sunrun from a “sell” rating to a “hold” rating in a report on Friday, August 15th. Finally, KeyCorp raised shares of Sunrun from an “underweight” rating to a “sector weight” rating in a report on Tuesday, July 8th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Sunrun presently has an average rating of “Moderate Buy” and an average price target of $15.60.

Sunrun Stock Performance

Shares of RUN opened at $19.11 on Wednesday. The firm has a 50-day moving average of $14.86 and a 200-day moving average of $10.45. Sunrun has a one year low of $5.38 and a one year high of $20.02. The company has a market cap of $4.41 billion, a PE ratio of -1.65 and a beta of 2.41. The company has a debt-to-equity ratio of 3.70, a current ratio of 1.41 and a quick ratio of 1.02.

Sunrun (NASDAQ:RUN) last announced its quarterly earnings data on Wednesday, August 6th. The energy company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $1.25. Sunrun had a negative net margin of 120.59% and a positive return on equity of 14.19%. The company had revenue of $569.34 million during the quarter, compared to the consensus estimate of $555.42 million. During the same quarter last year, the firm posted $0.55 EPS. The company’s quarterly revenue was up 8.7% on a year-over-year basis. As a group, equities analysts forecast that Sunrun will post -0.43 earnings per share for the current year.

Insiders Place Their Bets

In other Sunrun news, Director Lynn Michelle Jurich sold 50,000 shares of Sunrun stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $19.31, for a total value of $965,500.00. Following the completion of the sale, the director owned 850,482 shares in the company, valued at $16,422,807.42. The trade was a 5.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Mary Powell sold 3,142 shares of Sunrun stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $16.93, for a total transaction of $53,194.06. Following the completion of the sale, the chief executive officer owned 888,289 shares of the company’s stock, valued at $15,038,732.77. This trade represents a 0.35% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 226,176 shares of company stock worth $3,821,562. 3.37% of the stock is currently owned by insiders.

Institutional Trading of Sunrun

Several hedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC raised its stake in Sunrun by 3.5% in the 3rd quarter. GAMMA Investing LLC now owns 17,971 shares of the energy company’s stock worth $311,000 after purchasing an additional 607 shares in the last quarter. Corient Private Wealth LLC acquired a new position in shares of Sunrun in the 2nd quarter valued at approximately $102,000. Osaic Holdings Inc. raised its position in shares of Sunrun by 6.3% in the 2nd quarter. Osaic Holdings Inc. now owns 22,386 shares of the energy company’s stock valued at $183,000 after buying an additional 1,332 shares in the last quarter. Thrivent Financial for Lutherans raised its position in shares of Sunrun by 2.0% in the 2nd quarter. Thrivent Financial for Lutherans now owns 168,009 shares of the energy company’s stock valued at $1,374,000 after buying an additional 3,228 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. acquired a new position in shares of Sunrun in the 2nd quarter valued at approximately $667,000. Institutional investors and hedge funds 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.