Sunrun (NASDAQ:RUN) Price Target Lowered to $20.00 at Citigroup

Sunrun (NASDAQ:RUN) had its price target cut by Citigroup from $26.00 to $20.00 in a research note released on Tuesday,Benzinga reports. They currently have a buy rating on the energy company’s stock.

RUN has been the subject of several other research reports. Weiss Ratings upgraded Sunrun from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Monday, March 2nd. Freedom Capital downgraded Sunrun from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Loop Capital set a $12.00 price objective on Sunrun in a research note on Tuesday, March 3rd. Raymond James Financial started coverage on Sunrun in a report on Monday, January 12th. They issued a “market perform” rating for the company. Finally, Mizuho decreased their price target on Sunrun from $25.00 to $22.00 and set an “outperform” rating on the stock in a report on Monday, March 2nd. Twelve research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $18.63.

Sunrun Price Performance

RUN stock opened at $11.78 on Tuesday. Sunrun has a 52 week low of $5.38 and a 52 week high of $22.44. The firm has a market capitalization of $2.77 billion, a P/E ratio of 6.89 and a beta of 2.37. The company has a fifty day simple moving average of $14.30 and a two-hundred day simple moving average of $17.43. The company has a quick ratio of 1.27, a current ratio of 1.66 and a debt-to-equity ratio of 3.38.

Sunrun (NASDAQ:RUN) last posted its earnings results on Thursday, February 26th. The energy company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.46. The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $610.29 million. Sunrun had a net margin of 15.22% and a return on equity of 11.72%. The business’s quarterly revenue was up 123.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.41 EPS. Analysts anticipate that Sunrun will post 0.49 earnings per share for the current fiscal year.

Insider Buying and Selling at Sunrun

In other Sunrun news, CRO Paul S. Dickson sold 127,673 shares of Sunrun stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $13.25, for a total value of $1,691,667.25. Following the transaction, the executive owned 707,126 shares in the company, valued at $9,369,419.50. The trade was a 15.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Mary Powell sold 193,002 shares of the business’s stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $13.25, for a total transaction of $2,557,276.50. Following the completion of the transaction, the chief executive officer owned 934,282 shares of the company’s stock, valued at $12,379,236.50. This represents a 17.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 879,894 shares of company stock worth $13,017,496. 3.37% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Sunrun

Hedge funds and other institutional investors have recently bought and sold shares of the company. Salomon & Ludwin LLC boosted its stake in shares of Sunrun by 49.2% in the fourth quarter. Salomon & Ludwin LLC now owns 1,693 shares of the energy company’s stock valued at $31,000 after purchasing an additional 558 shares during the period. Hantz Financial Services Inc. grew its holdings in shares of 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 purchasing an additional 564 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in Sunrun by 3.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 17,481 shares of the energy company’s stock worth $322,000 after buying an additional 565 shares during the period. Sage Rhino Capital LLC lifted its holdings in Sunrun by 5.2% during the 4th quarter. Sage Rhino Capital LLC now owns 11,468 shares of the energy company’s stock worth $211,000 after buying an additional 572 shares in the last quarter. Finally, Crestwood Advisors Group LLC lifted its holdings in Sunrun by 1.9% during the 3rd quarter. Crestwood Advisors Group LLC now owns 35,158 shares of the energy company’s stock worth $608,000 after buying an additional 644 shares in the last quarter. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Sunrun Company Profile

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.