Sunrun (NASDAQ:RUN) Price Target Cut to $10.00 by Analysts at Susquehanna

Sunrun (NASDAQ:RUN) had its price objective decreased by Susquehanna from $13.00 to $10.00 in a research report report published on Monday,Benzinga reports. Susquehanna currently has a positive rating on the energy company’s stock.

Other research analysts have also recently issued research reports about the company. The Goldman Sachs Group reduced their target price on Sunrun from $17.00 to $15.00 and set a “buy” rating on the stock in a research note on Monday, March 3rd. UBS Group reduced their price objective on Sunrun from $17.00 to $15.00 and set a “buy” rating on the stock in a research report on Tuesday, March 4th. JPMorgan Chase & Co. decreased their price objective on Sunrun from $22.00 to $18.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. TD Cowen cut their target price on Sunrun from $18.00 to $14.00 and set a “buy” rating for the company in a research note on Friday, February 28th. Finally, StockNews.com raised shares of Sunrun to a “sell” rating in a research note on Friday, December 20th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, Sunrun presently has a consensus rating of “Moderate Buy” and an average price target of $16.58.

Sunrun Price Performance

RUN stock opened at $6.82 on Monday. The firm has a 50 day simple moving average of $7.14 and a two-hundred day simple moving average of $10.10. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.47 and a quick ratio of 1.15. The stock has a market cap of $1.54 billion, a PE ratio of -3.75 and a beta of 2.74. Sunrun has a one year low of $5.45 and a one year high of $22.26.

Insider Activity at Sunrun

In other Sunrun news, Director Lynn Michelle Jurich sold 50,000 shares of the business’s stock in a transaction on Friday, January 17th. The shares were sold at an average price of $9.59, for a total transaction of $479,500.00. Following the transaction, the director now directly owns 991,753 shares of the company’s stock, valued at approximately $9,510,911.27. The trade was a 4.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Danny Abajian sold 16,927 shares of the company’s stock in a transaction on Monday, April 7th. The stock was sold at an average price of $6.74, for a total transaction of $114,087.98. Following the completion of the transaction, the chief financial officer now owns 231,279 shares of the company’s stock, valued at $1,558,820.46. This trade represents a 6.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 188,540 shares of company stock worth $1,530,444 in the last 90 days. Company insiders own 3.77% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. CIBC Asset Management Inc raised its position in Sunrun by 5.8% in the 4th quarter. CIBC Asset Management Inc now owns 24,774 shares of the energy company’s stock worth $229,000 after buying an additional 1,360 shares during the last quarter. Guggenheim Capital LLC raised its holdings in shares of Sunrun by 6.8% during the fourth quarter. Guggenheim Capital LLC now owns 27,321 shares of the energy company’s stock valued at $253,000 after purchasing an additional 1,749 shares during the last quarter. Xponance Inc. lifted its position in Sunrun by 13.2% during the fourth quarter. Xponance Inc. now owns 16,265 shares of the energy company’s stock valued at $150,000 after purchasing an additional 1,895 shares during the period. Newbridge Financial Services Group Inc. grew its position in Sunrun by 133.3% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 3,500 shares of the energy company’s stock worth $32,000 after purchasing an additional 2,000 shares during the period. Finally, Scotia Capital Inc. raised its stake in Sunrun by 17.7% during the 4th quarter. Scotia Capital Inc. now owns 14,377 shares of the energy company’s stock valued at $133,000 after buying an additional 2,157 shares during the last quarter. Hedge funds and other 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.