Sunrun (NASDAQ:RUN) Price Target Lowered to $10.00 at Susquehanna

Sunrun (NASDAQ:RUN - Free Report) had its price objective reduced by Susquehanna from $13.00 to $10.00 in a report published on Monday,Benzinga reports. They currently have a positive rating on the energy company's stock.

A number of other research analysts have also recently commented on the stock. Roth Capital set a $20.00 price target on shares of Sunrun in a research note on Friday, February 28th. Barclays lowered their price target on Sunrun from $18.00 to $15.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 28th. Jefferies Financial Group lowered shares of Sunrun from a "buy" rating to a "hold" rating and lowered their target price for the stock from $14.00 to $8.00 in a report on Wednesday, March 12th. Royal Bank of Canada decreased their price objective on shares of Sunrun from $17.00 to $14.00 and set an "outperform" rating on the stock in a research note on Monday, March 3rd. Finally, BNP Paribas raised Sunrun from a "neutral" rating to an "outperform" rating and set a $16.00 target price on the stock in a report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $16.01.

Sunrun Stock Up 4.9 %

NASDAQ RUN traded up $0.32 during trading on Monday, hitting $6.85. 11,271,349 shares of the company traded hands, compared to its average volume of 10,749,613. The company has a market capitalization of $1.55 billion, a P/E ratio of -3.76 and a beta of 2.74. The business has a fifty day simple moving average of $7.00 and a 200 day simple moving average of $9.90. Sunrun has a 12 month low of $5.45 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.

Insider Activity

In other news, CFO Danny Abajian sold 16,927 shares of the business's stock in a transaction on Monday, April 7th. The shares were sold at an average price of $6.74, for a total value of $114,087.98. Following the sale, the chief financial officer now owns 231,279 shares of the company's stock, valued at $1,558,820.46. The trade was a 6.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Lynn Michelle Jurich sold 50,000 shares of the business's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $9.10, for a total transaction of $455,000.00. Following the sale, the director now directly owns 941,753 shares in the company, valued at $8,569,952.30. This trade represents a 5.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 138,540 shares of company stock valued at $1,050,944 in the last quarter. Company insiders own 3.77% of the company's stock.

Institutional Investors Weigh In On Sunrun

Institutional investors and hedge funds have recently modified their holdings of the company. KLP Kapitalforvaltning AS acquired a new position in shares of Sunrun in the fourth quarter valued at approximately $402,000. Clal Insurance Enterprises Holdings Ltd bought a new position in Sunrun during the 4th quarter worth $18,500,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Sunrun by 7.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,325,562 shares of the energy company's stock worth $21,511,000 after buying an additional 155,311 shares in the last quarter. Essex Investment Management Co. LLC acquired a new stake in shares of Sunrun in the fourth quarter valued at approximately $403,000. Finally, Principal Financial Group Inc. raised its stake in Sunrun by 33.7% in the third quarter. Principal Financial Group Inc. now owns 1,460,949 shares of the energy company's stock valued at $26,385,000 after purchasing an additional 367,835 shares in the last quarter. 91.69% of the stock is 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.