Sunrun (NASDAQ:RUN) Price Target Cut to $30.00 by Analysts at Roth Mkm

Sunrun (NASDAQ:RUN - Get Free Report) had its price objective dropped by equities research analysts at Roth Mkm from $35.00 to $30.00 in a research report issued on Friday,Benzinga reports. The firm presently has a "buy" rating on the energy company's stock. Roth Mkm's target price would indicate a potential upside of 193.26% from the stock's current price.

A number of other brokerages have also weighed in on RUN. Deutsche Bank Aktiengesellschaft upped their target price 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. UBS Group upped their price objective on Sunrun from $14.00 to $18.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 7th. Piper Sandler lifted their target price on Sunrun from $20.00 to $23.00 and gave the company an "overweight" rating in a research report on Wednesday, August 7th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $20.00 price target on shares of Sunrun in a research report on Wednesday, September 25th. Finally, Susquehanna lowered their price objective on shares of Sunrun from $24.00 to $23.00 and set a "positive" rating on the stock in a report on Wednesday, October 16th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $21.33.

Sunrun Trading Down 11.8 %

NASDAQ RUN traded down $1.37 during trading hours 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. Sunrun has a twelve month low of $8.82 and a twelve month high of $22.26. The firm has a market capitalization of $2.29 billion, a P/E ratio of -1.59 and a beta of 2.61. The company has a quick ratio of 1.31, a current ratio of 1.66 and a debt-to-equity ratio of 1.84. The stock has a fifty day moving average of $16.80 and a 200 day moving average of $15.39.

Sunrun (NASDAQ:RUN - Get Free Report) last posted its 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 company had revenue of $523.87 million during the quarter, compared to analyst estimates of $516.76 million. Sunrun had a negative return on equity of 2.41% and a negative net margin of 66.36%. The company's revenue for the quarter was down 11.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.25 EPS. Equities research analysts forecast that Sunrun will post -0.17 earnings per share for the current fiscal year.

Insider Activity at Sunrun

In other news, Director Gerald Alan Risk sold 9,045 shares of the business's stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $20.04, for a total value of $181,261.80. Following the transaction, the director now owns 334,761 shares in the company, valued at approximately $6,708,610.44. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Gerald Alan Risk sold 9,045 shares of Sunrun stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $20.04, for a total value of $181,261.80. Following the completion of the transaction, the director now directly owns 334,761 shares of the company's stock, valued at approximately $6,708,610.44. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Lynn Michelle Jurich sold 50,000 shares of the company's stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $14.60, for a total value of $730,000.00. Following the sale, the director now owns 1,142,446 shares in the company, valued at approximately $16,679,711.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 155,840 shares of company stock worth $2,755,487 over the last ninety days. Insiders own 3.77% of the company's stock.

Institutional Trading of Sunrun

Several large investors have recently modified their holdings of the stock. Advisors Asset Management Inc. grew its stake in shares of Sunrun by 41.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 48,001 shares of the energy company's stock valued at $867,000 after buying an additional 14,157 shares during the period. Jennison Associates LLC bought a new position in Sunrun in the third quarter worth approximately $813,000. Drive Wealth Management LLC grew its stake in Sunrun by 4.5% in the third quarter. Drive Wealth Management LLC now owns 43,327 shares of the energy company's stock valued at $782,000 after acquiring an additional 1,884 shares during the period. Quest Partners LLC increased its holdings in shares of Sunrun by 149.9% during the third quarter. Quest Partners LLC now owns 19,290 shares of the energy company's stock valued at $348,000 after acquiring an additional 11,570 shares in the last quarter. Finally, Chesapeake Capital Corp IL acquired a new position in shares of Sunrun during the third quarter worth approximately $217,000. Institutional investors and hedge funds 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.