Citigroup Reiterates "Neutral" Rating for Sunrun (NASDAQ:RUN)

Sunrun (NASDAQ:RUN - Get Free Report)'s stock had its "neutral" rating reaffirmed by investment analysts at Citigroup in a report issued on Thursday, MarketBeat.com reports. They currently have a $7.00 price objective on the energy company's stock. Citigroup's target price indicates a potential upside of 3.80% from the company's previous close.

RUN has been the topic of several other reports. Royal Bank of Canada cut their price target on Sunrun from $17.00 to $14.00 and set an "outperform" rating on the stock in a research report on Monday, March 3rd. Susquehanna decreased their price target on Sunrun from $13.00 to $10.00 and set a "positive" rating for the company in a report on Monday, April 14th. JPMorgan Chase & Co. dropped their price objective on shares of Sunrun from $22.00 to $18.00 and set an "overweight" rating on the stock in a research note on Thursday, January 23rd. Roth Capital set a $20.00 target price on shares of Sunrun in a report on Friday, February 28th. Finally, Jefferies Financial Group lowered shares of Sunrun from a "buy" rating to a "hold" rating and dropped their price target for the company from $14.00 to $8.00 in a research report on Wednesday, March 12th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $15.68.

Sunrun Stock Performance

Shares of RUN stock traded up $0.17 during trading hours on Thursday, hitting $6.74. The company's stock had a trading volume of 5,764,947 shares, compared to its average volume of 11,508,506. The stock has a market cap of $1.53 billion, a PE ratio of -3.71 and a beta of 2.74. Sunrun has a 12-month low of $5.45 and a 12-month high of $22.26. The company has a 50 day moving average of $6.97 and a 200 day moving average of $9.73. The company has a current ratio of 1.47, a quick ratio of 1.15 and a debt-to-equity ratio of 1.92.

Insider Activity at Sunrun

In other news, CEO Mary Powell sold 31,197 shares of the stock in a transaction on Monday, April 7th. The stock was sold at an average price of $6.74, for a total value of $210,267.78. Following the sale, the chief executive officer now directly owns 534,615 shares in the company, valued at approximately $3,603,305.10. This trade represents a 5.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Danny Abajian sold 16,927 shares of the business's stock in a transaction on Monday, April 7th. The stock was sold at an average price of $6.74, for a total value of $114,087.98. Following the transaction, the chief financial officer now directly owns 231,279 shares of the company's stock, valued at $1,558,820.46. The trade was a 6.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 138,540 shares of company stock worth $1,050,944. Insiders own 3.77% of the company's stock.

Hedge Funds Weigh In On Sunrun

Several large investors have recently bought and sold shares of the stock. Aster Capital Management DIFC Ltd purchased a new stake in shares of Sunrun in the fourth quarter valued at about $29,000. Newbridge Financial Services Group Inc. grew its stake in Sunrun by 133.3% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 3,500 shares of the energy company's stock valued at $32,000 after acquiring an additional 2,000 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Sunrun during the third quarter worth about $44,000. Summit Securities Group LLC acquired a new stake in shares of Sunrun in the fourth quarter valued at approximately $53,000. Finally, Union Bancaire Privee UBP SA acquired a new position in shares of Sunrun during the 4th quarter worth approximately $56,000. Institutional investors and hedge funds 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.