Sunrun (NASDAQ:RUN) PT Lowered to $18.00 at Barclays

Sunrun (NASDAQ:RUN) had its target price decreased by Barclays from $19.00 to $18.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage presently has an “equal weight” rating on the energy company’s stock. Barclays‘s target price indicates a potential upside of 17.57% from the stock’s current price.

A number of other research analysts also recently weighed in on the stock. Jefferies Financial Group decreased their target price on shares of Sunrun from $31.00 to $29.00 and set a “buy” rating for the company in a research report on Thursday, October 10th. JPMorgan Chase & Co. upped their target price on Sunrun from $19.00 to $22.00 and gave the stock an “overweight” rating in a report on Wednesday, August 7th. Morgan Stanley reissued an “overweight” rating and set a $35.00 price target on shares of Sunrun in a research report on Tuesday, September 24th. Deutsche Bank Aktiengesellschaft upped their price objective on Sunrun from $12.00 to $16.50 and gave the stock a “hold” rating in a research note on Thursday, August 8th. Finally, UBS Group lifted their price objective on shares of Sunrun from $14.00 to $18.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Sunrun presently has a consensus rating of “Moderate Buy” and an average target price of $22.45.

Sunrun Stock Up 1.5 %

NASDAQ RUN traded up $0.22 on Wednesday, reaching $15.31. The company had a trading volume of 4,073,688 shares, compared to its average volume of 12,014,162. The firm has a market capitalization of $3.42 billion, a price-to-earnings ratio of -2.40 and a beta of 2.58. The company’s fifty day moving average is $18.59 and its 200-day moving average is $15.12. Sunrun has a 1-year low of $8.43 and a 1-year high of $22.26. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.31 and a current ratio of 1.66.

Sunrun (NASDAQ:RUN) last announced its earnings results on Tuesday, August 6th. The energy company reported $0.55 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $516.76 million. Sunrun’s revenue for the quarter was down 11.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.25 EPS. On average, research analysts forecast that Sunrun will post -0.17 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Jeanna Steele sold 24,161 shares of the firm’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $19.24, for a total value of $464,857.64. Following the transaction, the insider now owns 310,617 shares in the company, valued at approximately $5,976,271.08. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Lynn Michelle Jurich sold 50,000 shares of Sunrun stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $20.20, for a total value of $1,010,000.00. Following the transaction, the director now owns 1,192,446 shares in the company, valued at approximately $24,087,409.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jeanna Steele sold 24,161 shares of the company’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $19.24, for a total value of $464,857.64. Following the sale, the insider now owns 310,617 shares of the company’s stock, valued at approximately $5,976,271.08. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 180,001 shares of company stock worth $3,336,845 in the last 90 days. Company insiders own 3.77% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of RUN. EP Wealth Advisors LLC increased its holdings in shares of Sunrun by 20.4% during the fourth quarter. EP Wealth Advisors LLC now owns 21,364 shares of the energy company’s stock worth $419,000 after buying an additional 3,624 shares in the last quarter. Wellington Management Group LLP acquired a new position in Sunrun in the 4th quarter worth about $15,935,000. Vanguard Group Inc. raised its position in Sunrun by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 19,581,958 shares of the energy company’s stock valued at $384,394,000 after purchasing an additional 176,861 shares during the last quarter. Perpetual Ltd boosted its position in Sunrun by 31.1% during the 1st quarter. Perpetual Ltd now owns 59,028 shares of the energy company’s stock worth $773,000 after buying an additional 14,000 shares during the period. Finally, Register Financial Advisors LLC bought a new stake in Sunrun during the 1st quarter worth approximately $92,000. 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.