Oppenheimer Has Lowered Expectations for Sunrun (NASDAQ:RUN) Stock Price

Sunrun (NASDAQ:RUN - Get Free Report) had its target price decreased by stock analysts at Oppenheimer from $22.00 to $20.00 in a report released on Friday,Benzinga reports. The brokerage currently has an "outperform" rating on the energy company's stock. Oppenheimer's price objective would suggest a potential upside of 95.50% from the stock's previous close.

Other equities research analysts have also issued reports about the stock. Guggenheim lowered shares of Sunrun from a "buy" rating to a "neutral" rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Sunrun from $12.00 to $16.50 and gave the stock a "hold" rating in a research note on Thursday, August 8th. Evercore ISI decreased their target price on shares of Sunrun from $42.00 to $38.00 and set an "outperform" rating on the stock in a research report on Wednesday, August 7th. StockNews.com upgraded Sunrun to a "sell" rating in a research report on Friday, September 27th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Sunrun from $19.00 to $22.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 7th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $21.33.

Sunrun Trading Down 11.8 %

Sunrun stock traded down $1.37 during mid-day trading on Friday, hitting $10.23. The company's stock had a trading volume of 29,553,820 shares, compared to its average volume of 12,005,911. The firm has a market capitalization of $2.29 billion, a PE ratio of -1.59 and a beta of 2.61. Sunrun has a 1 year low of $8.82 and a 1 year high of $22.26. The stock's fifty day moving average is $16.80 and its two-hundred day moving average is $15.39. The company has a current ratio of 1.66, a quick ratio of 1.31 and a debt-to-equity ratio of 1.84.

Sunrun (NASDAQ:RUN - Get Free Report) last issued its quarterly earnings results on Tuesday, August 6th. The energy company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.33) by $0.88. The business had revenue of $523.87 million for 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%. The business's quarterly revenue was down 11.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.25 earnings per share. On average, analysts anticipate that Sunrun will post -0.17 EPS for the current year.

Insider Transactions at Sunrun

In related news, insider Jeanna Steele sold 2,357 shares of the firm's stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $18.23, for a total transaction of $42,968.11. Following the completion of the transaction, the insider now owns 308,260 shares in the company, valued at $5,619,579.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Jeanna Steele sold 2,357 shares of Sunrun stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $18.23, for a total transaction of $42,968.11. Following the completion of the sale, the insider now owns 308,260 shares in the company, valued at $5,619,579.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Danny Abajian sold 9,694 shares of the stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $19.75, for a total value of $191,456.50. Following the completion of the transaction, the chief financial officer now directly owns 278,260 shares in the company, valued at $5,495,635. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 155,840 shares of company stock worth $2,755,487. 3.77% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Sunrun

Several hedge funds have recently modified their holdings of the stock. Sylebra Capital LLC bought a new stake in Sunrun during the 2nd quarter valued at about $35,387,000. Vanguard Group Inc. boosted its position in shares of Sunrun by 14.0% in the first quarter. Vanguard Group Inc. now owns 22,325,106 shares of the energy company's stock worth $294,245,000 after purchasing an additional 2,743,148 shares during the period. Greenvale Capital LLP boosted its position in shares of Sunrun by 20.5% in the second quarter. Greenvale Capital LLP now owns 11,750,000 shares of the energy company's stock worth $139,355,000 after purchasing an additional 2,000,000 shares during the period. Senator Investment Group LP bought a new position in shares of Sunrun in the second quarter worth approximately $11,860,000. Finally, Assenagon Asset Management S.A. boosted its position in shares of Sunrun by 207.3% during the third quarter. Assenagon Asset Management S.A. now owns 1,375,584 shares of the energy company's stock worth $24,843,000 after acquiring an additional 927,947 shares during the last quarter. Institutional investors 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.