Sunrun (NASDAQ:RUN) Price Target Cut to $17.00 by Analysts at The Goldman Sachs Group

Sunrun (NASDAQ:RUN) had its price objective reduced by The Goldman Sachs Group from $19.00 to $17.00 in a report issued on Tuesday morning,Benzinga reports. They currently have a buy rating on the energy company’s stock.

Several other equities research analysts have also recently issued reports on RUN. Roth Mkm decreased their price objective on Sunrun from $35.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, November 8th. Guggenheim cut Sunrun from a “buy” rating to a “neutral” rating in a report on Thursday, November 7th. BNP Paribas lowered shares of Sunrun from an “outperform” rating to a “neutral” rating and set a $14.00 price objective on the stock. in a report on Friday, November 8th. Oppenheimer lowered their target price on shares of Sunrun from $22.00 to $20.00 and set an “outperform” rating for the company in a report on Friday, November 8th. Finally, Glj Research reaffirmed a “sell” rating and set a $7.78 price target on shares of Sunrun in a research report on Thursday, November 7th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $19.12.

Sunrun Stock Up 0.7 %

Shares of NASDAQ RUN opened at $10.06 on Tuesday. The firm’s 50-day moving average is $12.50 and its two-hundred day moving average is $15.24. The company has a market capitalization of $2.26 billion, a PE ratio of -5.53 and a beta of 2.54. Sunrun has a 12-month low of $9.23 and a 12-month high of $22.26. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.47 and a quick ratio of 1.15.

Insider Activity

In related news, CFO Danny Abajian sold 4,869 shares of the stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $16.35, for a total transaction of $79,608.15. Following the completion of the transaction, the chief financial officer now directly owns 269,393 shares of the company’s stock, valued at approximately $4,404,575.55. This represents a 1.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Lynn Michelle Jurich sold 50,000 shares of the business’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $20.20, for a total transaction 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. The trade was a 4.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 169,691 shares of company stock valued at $2,550,601 in the last quarter. Company insiders own 3.77% of the company’s stock.

Hedge Funds Weigh In On Sunrun

Large investors have recently modified their holdings of the stock. International Assets Investment Management LLC grew its position in shares of Sunrun by 1,706.3% during the 3rd quarter. International Assets Investment Management LLC now owns 1,734 shares of the energy company’s stock worth $31,000 after purchasing an additional 1,638 shares in the last quarter. Blue Trust Inc. grew its position in Sunrun by 385.5% during the third quarter. Blue Trust Inc. now owns 1,845 shares of the energy company’s stock worth $33,000 after buying an additional 1,465 shares in the last quarter. Duncker Streett & Co. Inc. bought a new position in Sunrun during the 2nd quarter worth $36,000. CWM LLC raised its holdings in Sunrun by 883.9% in the 2nd 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 in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Sunrun during the 3rd quarter valued at $44,000. 91.69% of the stock is owned by institutional investors.

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.