Sunrun (NASDAQ:RUN) Price Target Cut to $15.00 by Analysts at Jefferies Financial Group

Sunrun (NASDAQ:RUN) had its price target reduced by Jefferies Financial Group from $22.00 to $15.00 in a report released on Tuesday morning,Benzinga reports. They currently have a hold rating on the energy company’s stock.

Several other brokerages have also recently issued reports on RUN. Deutsche Bank Aktiengesellschaft set a $19.00 price objective on shares of Sunrun in a research note on Wednesday, January 7th. Loop Capital set a $12.00 target price on shares of Sunrun in a report on Tuesday, March 3rd. Zacks Research cut shares of Sunrun from a “strong-buy” rating to a “hold” rating in a report on Friday, March 27th. UBS Group decreased their target price on shares of Sunrun from $26.00 to $23.00 and set a “buy” rating for the company in a report on Tuesday, March 10th. Finally, Oppenheimer raised their target price on shares of Sunrun from $23.00 to $25.00 and gave the stock an “outperform” rating in a report on Friday, February 27th. Twelve research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $19.23.

Sunrun Stock Performance

Shares of RUN opened at $13.22 on Tuesday. The firm’s 50 day moving average is $15.73 and its 200-day moving average is $17.78. The stock has a market capitalization of $3.10 billion, a P/E ratio of 7.73 and a beta of 2.37. The company has a debt-to-equity ratio of 3.38, a current ratio of 1.66 and a quick ratio of 1.27. Sunrun has a 12-month low of $5.38 and a 12-month high of $22.44.

Sunrun (NASDAQ:RUN) last announced its quarterly earnings data on Thursday, February 26th. The energy company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.46. The company had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $610.29 million. Sunrun had a net margin of 15.22% and a return on equity of 11.72%. The business’s revenue was up 123.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.41 EPS. Equities research analysts anticipate that Sunrun will post -0.43 EPS for the current fiscal year.

Insider Buying and Selling at Sunrun

In related news, Director Edward Harris Fenster sold 163,844 shares of the firm’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $19.95, for a total transaction of $3,268,687.80. Following the completion of the sale, the director directly owned 1,578,895 shares in the company, valued at approximately $31,498,955.25. This trade represents a 9.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Mary Powell sold 2,229 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $11.94, for a total transaction of $26,614.26. Following the sale, the chief executive officer owned 1,127,951 shares of the company’s stock, valued at approximately $13,467,734.94. This represents a 0.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 338,738 shares of company stock valued at $5,852,442 in the last 90 days. Corporate insiders own 3.37% of the company’s stock.

Institutional Trading of Sunrun

Institutional investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC lifted its stake in Sunrun by 156.9% in the fourth quarter. Farther Finance Advisors LLC now owns 1,449 shares of the energy company’s stock valued at $27,000 after acquiring an additional 885 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Sunrun in the fourth quarter valued at approximately $27,000. Sycomore Asset Management acquired a new stake in Sunrun in the third quarter valued at approximately $28,000. Hantz Financial Services Inc. lifted its stake in Sunrun by 59.1% in the fourth quarter. Hantz Financial Services Inc. now owns 1,519 shares of the energy company’s stock valued at $28,000 after acquiring an additional 564 shares during the last quarter. Finally, Kestra Advisory Services LLC acquired a new stake in Sunrun in the fourth quarter valued at approximately $30,000. 91.69% of the stock is currently owned by institutional investors and hedge funds.

About Sunrun

Sunrun, Inc (NASDAQ: RUN) is a leading provider of residential solar energy systems in the United States. The company designs, installs and maintains rooftop solar panels and battery storage solutions for homeowners under flexible financing arrangements. Customers can choose from leasing, power purchase agreements or solar ownership models, all of which are supported by Sunrun’s network of installation partners and service technicians. Sunrun also offers integrated home energy management services, including its Brightbox battery storage product, which enables customers to store solar energy for use during peak hours or power outages.

Founded in 2007 by Lynn Jurich, Ed Fenster and Nat Kreamer, Sunrun is headquartered in San Francisco, California.