Jefferies Financial Group Lowers Sunrun (NASDAQ:RUN) Price Target to $17.00

Sunrun (NASDAQ:RUN - Free Report) had its target price cut by Jefferies Financial Group from $19.00 to $17.00 in a research note released on Tuesday morning,Benzinga reports. They currently have a buy rating on the energy company's stock.

A number of other equities analysts have also recently issued reports on RUN. Piper Sandler cut Sunrun from an "overweight" rating to a "neutral" rating and reduced their target price for the stock from $23.00 to $11.00 in a report on Friday, November 22nd. Morgan Stanley lowered their price objective on shares of Sunrun from $35.00 to $27.00 and set an "overweight" rating for the company in a research report on Friday, November 15th. Oppenheimer reduced their target price on Sunrun from $22.00 to $20.00 and set an "outperform" rating on the stock in a report on Friday, November 8th. TD Cowen assumed coverage on Sunrun in a report on Thursday, December 19th. They issued a "buy" rating and a $21.00 price target for the company. Finally, Truist Financial reiterated a "hold" rating and issued a $12.00 price objective (down from $18.00) on shares of Sunrun in a research report on Tuesday, November 12th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $18.36.

Sunrun Price Performance

NASDAQ RUN traded down $0.36 during trading on Tuesday, reaching $9.07. 7,616,974 shares of the company traded hands, compared to its average volume of 10,682,595. Sunrun has a 1-year low of $8.22 and a 1-year high of $22.26. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.15 and a current ratio of 1.47. The stock's 50 day moving average price is $10.19 and its two-hundred day moving average price is $14.39. The company has a market cap of $2.03 billion, a price-to-earnings ratio of -4.98 and a beta of 2.58.

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

Insiders Place Their Bets

In other news, CRO Paul S. Dickson sold 2,968 shares of the business's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $11.18, for a total transaction of $33,182.24. Following the sale, the executive now directly owns 418,492 shares in the company, valued at approximately $4,678,740.56. The trade was a 0.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Lynn Michelle Jurich sold 50,000 shares of Sunrun stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $9.42, for a total transaction of $471,000.00. Following the transaction, the director now owns 1,041,753 shares in the company, valued at approximately $9,813,313.26. This trade represents a 4.58 % 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 in the last quarter. Corporate insiders own 3.77% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Creative Planning increased its stake in Sunrun by 0.3% in the third quarter. Creative Planning now owns 290,259 shares of the energy company's stock valued at $5,242,000 after purchasing an additional 784 shares in the last quarter. Van ECK Associates Corp raised its stake in Sunrun by 1.8% during the 3rd quarter. Van ECK Associates Corp now owns 50,105 shares of the energy company's stock worth $905,000 after buying an additional 886 shares during the period. CIBC Asset Management Inc grew its stake in Sunrun by 5.8% in the fourth quarter. CIBC Asset Management Inc now owns 24,774 shares of the energy company's stock valued at $229,000 after acquiring an additional 1,360 shares during the period. Blue Trust Inc. increased its holdings in shares of Sunrun by 385.5% during the third 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 in the last quarter. Finally, International Assets Investment Management LLC raised its position 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 worth $31,000 after purchasing an additional 1,638 shares during the period. 91.69% of the stock is owned by institutional investors.

About Sunrun

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.