Sunrun (NASDAQ:RUN) Given New $15.00 Price Target at Barclays

Sunrun (NASDAQ:RUN - Free Report) had its target price lowered by Barclays from $18.00 to $15.00 in a research note issued to investors on Tuesday morning,Benzinga reports. The brokerage currently has an equal weight rating on the energy company's stock.

A number of other brokerages have also weighed in on RUN. TD Cowen started coverage on shares of Sunrun in a research note on Thursday, December 19th. They set a "buy" rating and a $21.00 target price for the company. Morgan Stanley lowered their target price on Sunrun from $35.00 to $27.00 and set an "overweight" rating on the stock in a report on Friday, November 15th. StockNews.com raised Sunrun to a "sell" rating in a research report on Friday, December 20th. The Goldman Sachs Group reduced their price target on shares of Sunrun from $19.00 to $17.00 and set a "buy" rating for the company in a research report on Tuesday, December 17th. Finally, Susquehanna dropped their price objective on shares of Sunrun from $24.00 to $23.00 and set a "positive" rating on the stock in a report on Wednesday, October 16th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, Sunrun presently has a consensus rating of "Moderate Buy" and a consensus target price of $18.36.

Sunrun Stock Down 3.5 %

Shares of NASDAQ RUN traded down $0.33 during midday trading on Tuesday, hitting $9.10. The stock had a trading volume of 7,616,974 shares, compared to its average volume of 10,682,595. The business's 50 day moving average is $10.19 and its 200-day moving average is $14.39. Sunrun has a 52 week low of $8.22 and a 52 week high of $22.26. The company has a quick ratio of 1.15, a current ratio of 1.47 and a debt-to-equity ratio of 1.92. The company has a market cap of $2.04 billion, a P/E ratio of -4.98 and a beta of 2.58.

Sunrun (NASDAQ:RUN - Get Free Report) last issued its earnings results on Thursday, November 7th. The energy company reported ($0.37) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.21). Sunrun had a negative net margin of 18.80% and a negative return on equity of 5.15%. The business had revenue of $537.17 million for the quarter, compared to analysts' expectations of $560.60 million. During the same quarter in the prior year, the business posted $0.40 earnings per share. As a group, analysts predict that Sunrun will post -0.43 EPS for the current year.

Insider Activity

In other news, Director Lynn Michelle Jurich sold 50,000 shares of the company's stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $9.42, for a total transaction of $471,000.00. Following the sale, the director now directly owns 1,041,753 shares in the company, valued at approximately $9,813,313.26. This represents a 4.58 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Danny Abajian sold 3,734 shares of Sunrun stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $11.18, for a total value of $41,746.12. Following the completion of the transaction, the chief financial officer now owns 257,969 shares of the company's stock, valued at approximately $2,884,093.42. This represents a 1.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 164,830 shares of company stock worth $1,614,147 over the last quarter. Insiders own 3.77% of the company's stock.

Institutional Trading of Sunrun

Several hedge funds and other institutional investors have recently bought and sold shares of RUN. International Assets Investment Management LLC grew its stake in shares of Sunrun by 1,706.3% during the third quarter. International Assets Investment Management LLC now owns 1,734 shares of the energy company's stock valued at $31,000 after buying an additional 1,638 shares during the last quarter. Blue Trust Inc. grew its position in Sunrun by 385.5% in the 3rd quarter. Blue Trust Inc. now owns 1,845 shares of the energy company's stock valued at $33,000 after acquiring an additional 1,465 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Sunrun in the 3rd quarter valued at $44,000. Newbridge Financial Services Group Inc. lifted its position in shares of Sunrun by 133.3% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 3,500 shares of the energy company's stock worth $32,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Union Bancaire Privee UBP SA purchased a new stake in shares of Sunrun during the fourth quarter valued at $56,000. Hedge funds and other 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.