Jefferies Financial Group Has Lowered Expectations for Sunrun (NASDAQ:RUN) Stock Price

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

RUN has been the subject of several other research reports. Guggenheim cut Sunrun from a "buy" rating to a "neutral" rating in a research note on Thursday, November 7th. The Goldman Sachs Group decreased their target price on Sunrun from $19.00 to $17.00 and set a "buy" rating for the company in a research note on Tuesday, December 17th. TD Cowen began coverage on shares of Sunrun in a research report on Thursday, December 19th. They set a "buy" rating and a $21.00 target price on the stock. Barclays cut their price target on Sunrun from $19.00 to $18.00 and set an "equal weight" rating on the stock in a report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Sunrun from $22.00 to $18.00 and set an "overweight" rating for the company in a research report on Thursday, January 23rd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, Sunrun has a consensus rating of "Moderate Buy" and a consensus target price of $18.36.

Sunrun Stock Performance

NASDAQ RUN traded down $0.37 during trading on Tuesday, reaching $9.05. The company's stock had a trading volume of 9,818,653 shares, compared to its average volume of 10,036,434. The firm has a 50 day moving average price of $10.16 and a 200 day moving average price of $14.32. Sunrun has a 12 month low of $8.22 and a 12 month high of $22.26. The company has a current ratio of 1.47, a quick ratio of 1.15 and a debt-to-equity ratio of 1.92. The firm has a market capitalization of $2.03 billion, a price-to-earnings ratio of -4.97 and a beta of 2.58.

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

Insider Buying and Selling

In other news, CRO Paul S. Dickson sold 2,968 shares of the firm's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $11.18, for a total value of $33,182.24. Following the completion of the sale, the executive now directly owns 418,492 shares of the company's stock, valued at approximately $4,678,740.56. This trade represents a 0.70 % decrease in their position. 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 dated Thursday, December 19th. The shares were sold at an average price of $9.42, for a total transaction of $471,000.00. Following the sale, the director now directly owns 1,041,753 shares in the company, valued at $9,813,313.26. The trade was 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 90 days. 3.77% of the stock is owned by company insiders.

Institutional Investors Weigh In On Sunrun

Several hedge funds have recently made changes to their positions in the company. Erste Asset Management GmbH purchased a new stake in shares of Sunrun during the 3rd quarter valued at about $76,152,000. Greenvale Capital LLP grew its position in Sunrun by 20.5% in the 2nd 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. FMR LLC raised its stake in Sunrun by 83.6% during the 3rd quarter. FMR LLC now owns 3,430,327 shares of the energy company's stock valued at $61,952,000 after buying an additional 1,562,163 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of Sunrun by 113.5% during 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 period. Finally, Assenagon Asset Management S.A. boosted its stake in shares of Sunrun by 207.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,375,584 shares of the energy company's stock worth $24,843,000 after buying an additional 927,947 shares during the last quarter. 91.69% of the stock is currently owned by institutional investors.

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.