The Goldman Sachs Group Issues Pessimistic Forecast for Sunrun (NASDAQ:RUN) Stock Price

Sunrun (NASDAQ:RUN - Get Free Report) had its price target lowered by stock analysts at The Goldman Sachs Group from $17.00 to $15.00 in a report released on Monday,Benzinga reports. The firm presently has a "buy" rating on the energy company's stock. The Goldman Sachs Group's price target suggests a potential upside of 143.11% from the stock's current price.

RUN has been the topic of a number of other research reports. BNP Paribas raised shares of Sunrun from a "neutral" rating to an "outperform" rating and set a $16.00 price objective on the stock in a report on Tuesday, January 7th. Guggenheim cut shares of Sunrun from a "buy" rating to a "neutral" rating in a research note on Thursday, November 7th. Glj Research restated a "sell" rating and issued a $7.78 price objective on shares of Sunrun in a research report on Thursday, November 7th. Oppenheimer reduced their price objective on Sunrun from $22.00 to $20.00 and set an "outperform" rating on the stock in a report on Friday, November 8th. Finally, Roth Mkm lowered their target price on Sunrun from $35.00 to $30.00 and set a "buy" rating for the company in a research note on Friday, November 8th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, Sunrun presently has a consensus rating of "Moderate Buy" and a consensus target price of $17.61.

Sunrun Price Performance

Sunrun stock traded down $1.08 on Monday, reaching $6.17. The company's stock had a trading volume of 24,935,388 shares, compared to its average volume of 10,638,377. Sunrun has a twelve month low of $6.00 and a twelve month high of $22.26. The company has a market cap of $1.38 billion, a price-to-earnings ratio of -3.39 and a beta of 2.59. 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 business's fifty day moving average price is $9.20 and its 200 day moving average price is $12.94.

Insider Transactions at Sunrun

In related news, Director Lynn Michelle Jurich sold 50,000 shares of the business's stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $9.42, for a total value of $471,000.00. Following the completion of the transaction, the director now directly owns 1,041,753 shares in the company, valued at approximately $9,813,313.26. The trade was a 4.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Mary Powell sold 4,350 shares of the firm's stock in a transaction that occurred on 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 owns 560,321 shares in the company, valued at $6,264,388.78. This trade represents a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 163,064 shares of company stock valued at $1,551,556 over the last three months. 3.77% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Sunrun

Several institutional investors have recently added to or reduced their stakes in RUN. Clal Insurance Enterprises Holdings Ltd bought a new position in shares of Sunrun during the 4th quarter worth approximately $18,500,000. Principal Financial Group Inc. boosted its holdings in Sunrun by 33.7% during the third quarter. Principal Financial Group Inc. now owns 1,460,949 shares of the energy company's stock worth $26,385,000 after purchasing an additional 367,835 shares during the last quarter. Erste Asset Management GmbH bought a new position in Sunrun in the third quarter valued at $76,152,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in Sunrun by 113.5% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,515,302 shares of the energy company's stock valued at $45,426,000 after buying an additional 1,337,302 shares during the last quarter. Finally, Aigen Investment Management LP bought a new stake in Sunrun during the 3rd quarter worth about $955,000. 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.