Deutsche Bank Aktiengesellschaft Issues Positive Forecast for Sunrun (NASDAQ:RUN) Stock Price

Sunrun (NASDAQ:RUN) had its price objective raised by Deutsche Bank Aktiengesellschaft from $11.00 to $20.00 in a research note published on Wednesday morning,MarketScreener reports. The firm currently has a hold rating on the energy company’s stock.

Other analysts also recently issued research reports about the stock. Mizuho increased their target price on shares of Sunrun from $13.00 to $21.00 and gave the stock an “outperform” rating in a research report on Monday, July 14th. UBS Group increased their target price on shares of Sunrun from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. TD Cowen increased their target price on shares of Sunrun from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Thursday, August 7th. Royal Bank Of Canada raised shares of Sunrun from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $12.00 to $16.00 in a research report on Monday, August 18th. Finally, Glj Research raised shares of Sunrun from a “sell” rating to a “hold” rating in a research report on Friday, August 15th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $15.60.

Sunrun Trading Up 6.1%

Shares of RUN stock opened at $18.35 on Wednesday. The firm has a market cap of $4.23 billion, a P/E ratio of -1.58 and a beta of 2.41. Sunrun has a 1-year low of $5.38 and a 1-year high of $20.02. The company has a debt-to-equity ratio of 3.70, a current ratio of 1.41 and a quick ratio of 1.02. The firm’s 50-day simple moving average is $14.52 and its 200-day simple moving average is $10.28.

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

Insider Buying and Selling at Sunrun

In other news, CFO Danny Abajian sold 2,180 shares of the firm’s stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $16.93, for a total transaction of $36,907.40. Following the completion of the sale, the chief financial officer owned 435,479 shares of the company’s stock, valued at approximately $7,372,659.47. This trade represents a 0.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Mary Powell sold 3,142 shares of the firm’s stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $16.93, for a total transaction of $53,194.06. Following the sale, the chief executive officer directly owned 888,289 shares of the company’s stock, valued at $15,038,732.77. The trade was a 0.35% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 80,136 shares of company stock valued at $1,076,538. Corporate insiders own 3.37% of the company’s stock.

Institutional Trading of Sunrun

A number of hedge funds have recently made changes to their positions in the stock. Sylebra Capital LLC grew its position in shares of Sunrun by 23.8% during the first quarter. Sylebra Capital LLC now owns 8,273,331 shares of the energy company’s stock worth $48,482,000 after buying an additional 1,590,169 shares in the last quarter. Maple Rock Capital Partners Inc. lifted its stake in Sunrun by 95.6% during the second quarter. Maple Rock Capital Partners Inc. now owns 8,132,648 shares of the energy company’s stock worth $66,525,000 after purchasing an additional 3,974,464 shares during the last quarter. PGGM Investments lifted its stake in Sunrun by 316.6% during the second quarter. PGGM Investments now owns 7,007,258 shares of the energy company’s stock worth $57,319,000 after purchasing an additional 5,325,332 shares during the last quarter. Erste Asset Management GmbH lifted its stake in Sunrun by 5.5% during the first quarter. Erste Asset Management GmbH now owns 5,053,237 shares of the energy company’s stock worth $30,044,000 after purchasing an additional 264,024 shares during the last quarter. Finally, Amundi lifted its stake in Sunrun by 12.1% during the first quarter. Amundi now owns 3,479,021 shares of the energy company’s stock worth $20,686,000 after purchasing an additional 374,594 shares during the last quarter. 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.