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

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

Several other equities research analysts have also recently weighed in on RUN. 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. Susquehanna increased their target price on shares of Sunrun from $23.00 to $24.00 and gave the stock a positive rating in a report on Monday, July 15th. UBS Group boosted their price target on Sunrun from $14.00 to $18.00 and gave the company a neutral rating in a report on Wednesday, August 7th. StockNews.com upgraded Sunrun to a sell rating in a report on Friday, September 27th. Finally, 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. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus target price of $22.55.

Sunrun Trading Up 2.7 %

Shares of NASDAQ RUN opened at $15.94 on Thursday. The business has a 50-day simple moving average of $18.64 and a two-hundred day simple moving average of $15.09. Sunrun has a 52 week low of $8.43 and a 52 week 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 posted its earnings results on Tuesday, August 6th. The energy company reported $0.55 EPS for the quarter, topping the consensus estimate of ($0.33) by $0.88. The business had revenue of $523.87 million during the quarter, compared to analysts’ expectations of $516.76 million. Sunrun had a negative return on equity of 2.41% and a negative net margin of 66.36%. The firm’s revenue was down 11.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.25 earnings per share. On average, equities analysts predict that Sunrun will post -0.17 EPS for the current fiscal year.

Insider Buying and Selling at Sunrun

In other Sunrun news, CRO Paul S. Dickson sold 2,537 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $18.23, for a total value of $46,249.51. Following the completion of the sale, the executive now owns 427,883 shares in the company, valued at $7,800,307.09. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Sunrun news, CRO Paul S. Dickson sold 2,537 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $18.23, for a total transaction of $46,249.51. Following the completion of the transaction, the executive now owns 427,883 shares in the company, valued at $7,800,307.09. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CRO Paul S. Dickson sold 4,017 shares of the stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $16.35, for a total value of $65,677.95. Following the transaction, the executive now owns 423,866 shares of the company’s stock, valued at $6,930,209.10. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 180,001 shares of company stock worth $3,336,845 in the last three months. 3.77% of the stock is currently owned by company insiders.

Institutional Trading of Sunrun

Several institutional investors have recently added to or reduced their stakes in the company. Victory Capital Management Inc. lifted its stake in Sunrun by 1.5% in the second quarter. Victory Capital Management Inc. now owns 45,374 shares of the energy company’s stock worth $538,000 after acquiring an additional 691 shares during the period. Creative Planning raised its stake in Sunrun by 0.3% in the third quarter. Creative Planning now owns 290,259 shares of the energy company’s stock worth $5,242,000 after buying an additional 784 shares in the last quarter. Crossmark Global Holdings Inc. lifted its holdings in Sunrun by 6.0% during the second quarter. Crossmark Global Holdings Inc. now owns 15,690 shares of the energy company’s stock worth $186,000 after buying an additional 895 shares during the period. &PARTNERS increased its holdings in shares of Sunrun by 1.6% in the 2nd quarter. &PARTNERS now owns 63,244 shares of the energy company’s stock valued at $698,000 after acquiring an additional 1,019 shares during the period. Finally, United Services Automobile Association lifted its stake in shares of Sunrun by 6.3% during the 2nd quarter. United Services Automobile Association now owns 17,631 shares of the energy company’s stock worth $209,000 after purchasing an additional 1,042 shares during the last quarter. Institutional investors own 91.69% of the company’s stock.

Sunrun Company Profile

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.