Sunrun (NASDAQ:RUN) Price Target Cut to $29.00 by Analysts at Jefferies Financial Group

Sunrun (NASDAQ:RUN - Get Free Report) had its target price dropped by research analysts at Jefferies Financial Group from $31.00 to $29.00 in a research note issued to investors on Thursday, Benzinga reports. The firm presently has a "buy" rating on the energy company's stock. Jefferies Financial Group's price objective points to a potential upside of 86.86% from the stock's previous close.

Several other brokerages have also recently issued reports on RUN. The Goldman Sachs Group reiterated a "buy" rating and set a $20.00 price target on shares of Sunrun in a research report on Wednesday, September 25th. JPMorgan Chase & Co. lifted their target price on shares of Sunrun from $19.00 to $22.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 7th. BMO Capital Markets lifted their target price on Sunrun from $17.00 to $20.00 and gave the company a "market perform" rating in a research report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft boosted their price target on Sunrun from $12.00 to $16.50 and gave the stock a "hold" rating in a report on Thursday, August 8th. Finally, StockNews.com upgraded Sunrun to a "sell" rating in a report on Friday, September 27th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $22.55.

Sunrun Price Performance

Shares of NASDAQ RUN traded down $1.13 during midday trading on Thursday, reaching $15.52. 9,685,292 shares of the company traded hands, compared to its average volume of 12,132,500. Sunrun has a 12 month low of $8.43 and a 12 month high of $22.26. The stock's 50-day simple moving average is $18.65 and its 200-day simple moving average is $15.02. The firm has a market cap of $3.47 billion, a PE ratio of -2.33 and a beta of 2.58. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.31 and a current ratio of 1.66.

Sunrun (NASDAQ:RUN - Get Free Report) last announced its earnings results on Tuesday, August 6th. The energy company reported $0.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.33) by $0.88. The company had revenue of $523.87 million during the quarter, compared to analysts' expectations of $516.76 million. Sunrun had a negative net margin of 66.36% and a negative return on equity of 2.41%. Sunrun's quarterly revenue was down 11.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.25 earnings per share. As a group, equities analysts anticipate that Sunrun will post -0.17 earnings per share for the current fiscal year.

Insider Buying and Selling at Sunrun

In other news, Director Lynn Michelle Jurich sold 50,000 shares of Sunrun stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $20.20, for a total transaction of $1,010,000.00. Following the completion of the sale, the director now directly owns 1,192,446 shares in the company, valued at approximately $24,087,409.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Mary Powell sold 2,148 shares of the firm's stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $18.79, for a total transaction of $40,360.92. Following the transaction, the chief executive officer now owns 579,193 shares in the company, valued at approximately $10,883,036.47. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lynn Michelle Jurich sold 50,000 shares of the firm's stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $20.20, for a total value of $1,010,000.00. Following the completion of the transaction, the director now directly owns 1,192,446 shares of the company's stock, valued at approximately $24,087,409.20. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 180,001 shares of company stock worth $3,336,845 in the last ninety days. 3.76% of the stock is owned by insiders.

Institutional Trading of Sunrun

Several institutional investors have recently added to or reduced their stakes in RUN. Greenvale Capital LLP boosted its position in shares of Sunrun by 15.3% during the 4th quarter. Greenvale Capital LLP now owns 8,300,000 shares of the energy company's stock worth $162,929,000 after purchasing an additional 1,100,000 shares in the last quarter. Oracle Alpha Inc. purchased a new position in shares of Sunrun in the 4th quarter valued at approximately $376,000. EP Wealth Advisors LLC raised its position in shares of Sunrun by 20.4% in the 4th quarter. EP Wealth Advisors LLC now owns 21,364 shares of the energy company's stock worth $419,000 after purchasing an additional 3,624 shares during the last quarter. Wellington Management Group LLP purchased a new stake in shares of Sunrun during the 4th quarter valued at about $15,935,000. Finally, Vanguard Group Inc. increased its stake in shares of Sunrun by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 19,581,958 shares of the energy company's stock worth $384,394,000 after purchasing an additional 176,861 shares in the last quarter. 91.69% of the stock is currently 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.