Sunrun (NASDAQ:RUN – Get Free Report) had its price objective decreased by investment analysts at Citigroup from $21.00 to $19.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the energy company’s stock. Citigroup’s target price indicates a potential upside of 79.58% from the stock’s previous close.
Other equities analysts have also recently issued research reports about the stock. KeyCorp lowered their target price on shares of Sunrun from $24.00 to $21.00 and set an “overweight” rating on the stock in a research note on Thursday, October 5th. JPMorgan Chase & Co. decreased their price target on shares of Sunrun from $38.00 to $35.00 and set an “overweight” rating for the company in a report on Friday, September 15th. Janney Montgomery Scott upgraded shares of Sunrun from a “neutral” rating to a “buy” rating in a report on Thursday, August 3rd. Piper Sandler decreased their price target on shares of Sunrun from $22.00 to $15.00 and set a “neutral” rating for the company in a report on Friday, October 13th. Finally, Guggenheim raised their price target on shares of Sunrun from $35.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, September 21st. One analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, Sunrun currently has a consensus rating of “Moderate Buy” and an average price target of $28.53.
Check Out Our Latest Stock Report on RUN
Sunrun Trading Down 8.5 %
Sunrun (NASDAQ:RUN – Get Free Report) last posted its quarterly earnings data on Wednesday, August 2nd. The energy company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.59. The firm had revenue of $590.20 million for the quarter, compared to the consensus estimate of $627.73 million. Sunrun had a net margin of 3.66% and a return on equity of 1.18%. The firm’s revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.06) EPS. As a group, research analysts predict that Sunrun will post -0.88 earnings per share for the current fiscal year.
Insider Activity
In related news, Director Lynn Michelle Jurich sold 4,178 shares of the company’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $14.37, for a total transaction of $60,037.86. Following the completion of the transaction, the director now directly owns 1,401,182 shares in the company, valued at approximately $20,134,985.34. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Lynn Michelle Jurich sold 4,178 shares of the company’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $14.37, for a total transaction of $60,037.86. Following the completion of the transaction, the director now directly owns 1,401,182 shares in the company, valued at approximately $20,134,985.34. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CRO Paul S. Dickson sold 2,476 shares of the company’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $15.15, for a total transaction of $37,511.40. Following the transaction, the executive now owns 310,185 shares of the company’s stock, valued at $4,699,302.75. The disclosure for this sale can be found here. Insiders have sold a total of 19,457 shares of company stock valued at $287,987 over the last 90 days. 3.76% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Sunrun
Institutional investors and hedge funds have recently bought and sold shares of the business. Oak Thistle LLC bought a new stake in Sunrun in the 2nd quarter valued at $229,000. New Mexico Educational Retirement Board increased its holdings in Sunrun by 12.7% in the 2nd quarter. New Mexico Educational Retirement Board now owns 43,500 shares of the energy company’s stock valued at $777,000 after buying an additional 4,900 shares during the period. Virtu Financial LLC increased its holdings in Sunrun by 237.9% in the 2nd quarter. Virtu Financial LLC now owns 69,673 shares of the energy company’s stock valued at $1,244,000 after buying an additional 49,056 shares during the period. ETF Managers Group LLC increased its holdings in Sunrun by 859.0% in the 1st quarter. ETF Managers Group LLC now owns 224,535 shares of the energy company’s stock valued at $4,524,000 after buying an additional 201,122 shares during the period. Finally, Green Alpha Advisors LLC increased its holdings in Sunrun by 8.7% in the 2nd quarter. Green Alpha Advisors LLC now owns 55,292 shares of the energy company’s stock valued at $988,000 after buying an additional 4,411 shares during the period. Institutional investors own 91.69% of the company’s stock.
About Sunrun
Sunrun Inc engages in the design, development, installation, sale, ownership, and maintenance of 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.
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