Sunrun (NASDAQ:RUN) Price Target Cut to $18.00 by Analysts at JPMorgan Chase & Co.

Sunrun (NASDAQ:RUN - Free Report) had its target price lowered by JPMorgan Chase & Co. from $22.00 to $18.00 in a research note published on Thursday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the energy company's stock.

Other equities research analysts also recently issued reports about the company. Morgan Stanley lowered their price target on Sunrun from $35.00 to $27.00 and set an "overweight" rating for the company in a report on Friday, November 15th. Wells Fargo & Company lowered their target price on Sunrun from $15.00 to $12.00 and set an "overweight" rating for the company in a research note on Wednesday, January 8th. Jefferies Financial Group cut their price target on shares of Sunrun from $31.00 to $29.00 and set a "buy" rating on the stock in a research note on Thursday, October 10th. Susquehanna reduced their price target on shares of Sunrun from $24.00 to $23.00 and set a "positive" rating for the company in a report on Wednesday, October 16th. Finally, The Goldman Sachs Group dropped their price objective on shares of Sunrun from $19.00 to $17.00 and set a "buy" rating on the stock in a report on Tuesday, December 17th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, Sunrun presently has a consensus rating of "Moderate Buy" and an average target price of $19.11.

Sunrun Trading Up 9.5 %

NASDAQ:RUN traded up $0.89 on Thursday, hitting $10.23. 17,818,853 shares of the stock were exchanged, compared to its average volume of 11,270,346. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.15 and a current ratio of 1.47. Sunrun has a 52 week low of $8.22 and a 52 week high of $22.26. The stock has a market capitalization of $2.29 billion, a price-to-earnings ratio of -5.62 and a beta of 2.58. The company's 50-day moving average price is $10.23 and its 200 day moving average price is $14.54.

Sunrun (NASDAQ:RUN - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The energy company reported ($0.37) EPS for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.21). Sunrun had a negative return on equity of 5.15% and a negative net margin of 18.80%. The company had revenue of $537.17 million for the quarter, compared to analyst estimates of $560.60 million. During the same period last year, the firm earned $0.40 earnings per share. On average, equities research analysts forecast that Sunrun will post -0.41 earnings per share for the current year.

Insider Activity

In other Sunrun news, Director Lynn Michelle Jurich sold 50,000 shares of the company's stock in a transaction on Friday, January 17th. The shares were sold at an average price of $9.59, for a total value of $479,500.00. Following the transaction, the director now directly owns 991,753 shares in the company, valued at $9,510,911.27. The trade was a 4.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Mary Powell sold 4,350 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 transaction of $48,633.00. Following the sale, the chief executive officer now directly owns 560,321 shares of the company's stock, valued at $6,264,388.78. The trade was a 0.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 164,830 shares of company stock valued at $1,614,147 in the last quarter. Company insiders own 3.77% of the company's stock.

Institutional Investors Weigh In On Sunrun

Several hedge funds have recently bought and sold shares of RUN. International Assets Investment Management LLC raised its stake in Sunrun by 1,706.3% in the 3rd 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 in the last quarter. 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 worth $33,000 after purchasing an additional 1,465 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Sunrun in the third quarter valued at approximately $44,000. Union Bancaire Privee UBP SA acquired a new stake in Sunrun during the fourth quarter worth approximately $56,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in Sunrun during the 4th quarter worth $94,000. 91.69% of the stock is currently owned by institutional investors and hedge funds.

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.