Sunrun (NASDAQ:RUN – Get Free Report) had its price objective lowered by equities researchers at JPMorgan Chase & Co. from $38.00 to $35.00 in a report released on Friday, FlyOnTheWall reports. JPMorgan Chase & Co.‘s price target suggests a potential upside of 125.81% from the stock’s previous close.
Other equities analysts have also issued reports about the stock. Barclays decreased their target price on shares of Sunrun from $31.00 to $27.00 in a report on Thursday, July 13th. Guggenheim lowered their price objective on shares of Sunrun from $37.00 to $34.00 and set a “buy” rating for the company in a research report on Monday, July 24th. Piper Sandler raised their target price on Sunrun from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Thursday, August 3rd. KeyCorp lowered their price target on Sunrun from $27.00 to $24.00 and set an “overweight” rating for the company in a report on Thursday, August 17th. Finally, Citigroup raised Sunrun from a “neutral” rating to a “buy” rating and reduced their price objective for the company from $25.00 to $21.00 in a research note on Wednesday, August 30th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $33.60.
Sunrun Trading Up 9.5 %
Shares of Sunrun stock opened at $15.50 on Friday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.91 and a current ratio of 1.47. The firm has a 50-day moving average of $17.05 and a 200-day moving average of $18.40. Sunrun has a 52-week low of $13.30 and a 52-week high of $39.13. The stock has a market cap of $3.37 billion, a PE ratio of 40.79 and a beta of 2.32.
Sunrun (NASDAQ:RUN – Get Free Report) last posted its quarterly earnings data on Wednesday, August 2nd. The energy company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.59. The firm had revenue of $590.20 million during the quarter, compared to the consensus estimate of $627.73 million. Sunrun had a net margin of 3.66% and a return on equity of 1.18%. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.06) EPS. As a group, sell-side analysts forecast that Sunrun will post -0.88 EPS for the current year.
Insider Transactions at Sunrun
In related news, CEO Mary Powell sold 1,744 shares of the company’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $15.79, for a total value of $27,537.76. Following the sale, the chief executive officer now directly owns 410,900 shares in the company, valued at $6,488,111. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CRO Paul S. Dickson sold 2,476 shares of Sunrun stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $15.15, for a total value of $37,511.40. Following the completion of the transaction, the executive now directly owns 310,185 shares of the company’s stock, valued at approximately $4,699,302.75. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Mary Powell sold 1,744 shares of the company’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $15.79, for a total value of $27,537.76. Following the sale, the chief executive officer now owns 410,900 shares in the company, valued at approximately $6,488,111. The disclosure for this sale can be found here. Insiders sold 48,285 shares of company stock worth $890,613 over the last ninety days. 3.76% of the stock is owned by insiders.
Institutional Investors Weigh In On Sunrun
A number of hedge funds have recently added to or reduced their stakes in the business. Captrust Financial Advisors raised its holdings in shares of Sunrun by 6.2% during the third quarter. Captrust Financial Advisors now owns 7,389 shares of the energy company’s stock valued at $204,000 after purchasing an additional 431 shares during the period. The Manufacturers Life Insurance Company raised its stake in Sunrun by 0.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 232,343 shares of the energy company’s stock worth $4,150,000 after buying an additional 600 shares during the period. Koss Olinger Consulting LLC boosted its holdings in Sunrun by 6.4% in the first quarter. Koss Olinger Consulting LLC now owns 10,431 shares of the energy company’s stock worth $210,000 after acquiring an additional 628 shares in the last quarter. Treasurer of the State of North Carolina grew its stake in Sunrun by 0.7% in the first quarter. Treasurer of the State of North Carolina now owns 91,055 shares of the energy company’s stock valued at $1,835,000 after acquiring an additional 650 shares during the period. Finally, Cetera Investment Advisers increased its holdings in shares of Sunrun by 3.5% during the second quarter. Cetera Investment Advisers now owns 19,559 shares of the energy company’s stock valued at $349,000 after acquiring an additional 659 shares in the last quarter. 91.69% of the stock is currently owned by institutional investors.
Sunrun Company Profile
Sunrun Inc engages in the design, development, installation, sale, ownership, and maintenance of 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.
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