Sunrun (NASDAQ:RUN) Price Target Cut to $4.63 by Analysts at Glj Research

Sunrun (NASDAQ:RUN) had its price objective cut by Glj Research from $6.73 to $4.63 in a report published on Thursday,Benzinga reports. They currently have a sell rating on the energy company’s stock.

A number of other equities analysts have also weighed in on RUN. Raymond James Financial assumed coverage on shares of Sunrun in a research report on Monday, January 12th. They issued a “market perform” rating for the company. Jefferies Financial Group lowered Sunrun from a “buy” rating to a “hold” rating and set a $22.00 price target for the company. in a research note on Friday, February 27th. Deutsche Bank Aktiengesellschaft set a $19.00 price objective on Sunrun in a research report on Wednesday, January 7th. Royal Bank Of Canada reissued an “outperform” rating on shares of Sunrun in a research note on Wednesday, December 17th. Finally, Morgan Stanley boosted their price target on Sunrun from $20.00 to $21.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 2nd. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $19.58.

Sunrun Stock Down 5.0%

NASDAQ RUN opened at $12.39 on Thursday. Sunrun has a 52 week low of $5.38 and a 52 week high of $22.44. The company has a quick ratio of 1.27, a current ratio of 1.66 and a debt-to-equity ratio of 3.38. The company has a market capitalization of $2.90 billion, a P/E ratio of 7.24 and a beta of 2.43. The stock’s 50-day moving average price is $16.61 and its 200-day moving average price is $17.93.

Sunrun (NASDAQ:RUN) last announced its quarterly earnings data on Thursday, February 26th. The energy company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.46. Sunrun had a return on equity of 11.72% and a net margin of 15.22%.The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $610.29 million. During the same period in the previous year, the company posted $1.41 EPS. The firm’s revenue was up 123.5% on a year-over-year basis. On average, equities research analysts predict that Sunrun will post -0.43 earnings per share for the current year.

Insider Transactions at Sunrun

In other Sunrun news, CFO Danny Abajian sold 4,193 shares of Sunrun stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $12.33, for a total value of $51,699.69. Following the sale, the chief financial officer owned 576,244 shares of the company’s stock, valued at $7,105,088.52. The trade was a 0.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Mary Powell sold 2,229 shares of the stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $11.94, for a total value of $26,614.26. Following the transaction, the chief executive officer owned 1,127,951 shares of the company’s stock, valued at $13,467,734.94. This represents a 0.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 366,432 shares of company stock valued at $6,605,895. 3.37% of the stock is owned by insiders.

Institutional Investors Weigh In On Sunrun

Hedge funds have recently bought and sold shares of the business. Quantbot Technologies LP grew its holdings in Sunrun by 3,147.1% during the 3rd quarter. Quantbot Technologies LP now owns 153,164 shares of the energy company’s stock valued at $2,648,000 after purchasing an additional 148,447 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Sunrun by 5.6% in the third quarter. Principal Financial Group Inc. now owns 1,194,915 shares of the energy company’s stock worth $20,660,000 after purchasing an additional 63,284 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in Sunrun by 41.7% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 498,530 shares of the energy company’s stock worth $8,620,000 after purchasing an additional 146,588 shares during the last quarter. Range Financial Group LLC purchased a new position in shares of Sunrun during the third quarter valued at approximately $1,403,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in shares of Sunrun by 132.9% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,821,106 shares of the energy company’s stock valued at $48,777,000 after buying an additional 1,609,803 shares during the last quarter. Hedge funds and other institutional investors own 91.69% of the company’s stock.

About Sunrun

Sunrun, Inc (NASDAQ: RUN) is a leading provider of residential solar energy systems in the United States. The company designs, installs and maintains rooftop solar panels and battery storage solutions for homeowners under flexible financing arrangements. Customers can choose from leasing, power purchase agreements or solar ownership models, all of which are supported by Sunrun’s network of installation partners and service technicians. Sunrun also offers integrated home energy management services, including its Brightbox battery storage product, which enables customers to store solar energy for use during peak hours or power outages.

Founded in 2007 by Lynn Jurich, Ed Fenster and Nat Kreamer, Sunrun is headquartered in San Francisco, California.