Jefferies Financial Group Issues Pessimistic Forecast for Sunrun (NASDAQ:RUN) Stock Price

Sunrun (NASDAQ:RUN) had its target price decreased by equities research analysts at Jefferies Financial Group from $19.00 to $17.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the energy company’s stock. Jefferies Financial Group’s price objective would indicate a potential upside of 66.83% from the company’s previous close.

Several other research analysts also recently commented on the stock. StockNews.com raised shares of Sunrun to a “sell” rating in a report on Friday, December 20th. Truist Financial reiterated a “hold” rating and issued a $12.00 price objective (down previously from $18.00) on shares of Sunrun in a report on Tuesday, November 12th. Roth Mkm lowered their price objective on Sunrun from $35.00 to $30.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Susquehanna decreased their target price on shares of Sunrun from $24.00 to $23.00 and set a “positive” rating on the stock in a research note on Wednesday, October 16th. Finally, BNP Paribas raised shares of Sunrun from a “neutral” rating to an “outperform” rating and set a $16.00 price target for the company in a research report on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Sunrun currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.51.

Sunrun Stock Down 0.4 %

RUN stock opened at $10.19 on Tuesday. Sunrun has a fifty-two week low of $8.22 and a fifty-two week high of $22.26. The stock has a fifty day moving average of $10.23 and a 200-day moving average of $14.52. The company has a market capitalization of $2.29 billion, a price-to-earnings ratio of -5.60 and a beta of 2.58. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.15 and a current ratio of 1.47.

Sunrun (NASDAQ:RUN) last announced its quarterly earnings results on Thursday, November 7th. The energy company reported ($0.37) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.21). Sunrun had a negative net margin of 18.80% and a negative return on equity of 5.15%. The business had revenue of $537.17 million for the quarter, compared to analysts’ expectations of $560.60 million. During the same quarter in the previous year, the company posted $0.40 earnings per share. As a group, equities research analysts predict that Sunrun will post -0.41 earnings per share for the current year.

Insider Transactions at Sunrun

In other news, Director Lynn Michelle Jurich sold 50,000 shares of the company’s stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $9.42, for a total transaction of $471,000.00. Following the transaction, the director now directly owns 1,041,753 shares of the company’s stock, valued at approximately $9,813,313.26. This represents a 4.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Danny Abajian sold 3,734 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $11.18, for a total value of $41,746.12. Following the completion of the transaction, the chief financial officer now directly owns 257,969 shares in the company, valued at $2,884,093.42. This represents a 1.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 164,830 shares of company stock worth $1,614,147. 3.77% of the stock is currently owned by company insiders.

Institutional Trading of Sunrun

A number of hedge funds have recently added to or reduced their stakes in the company. International Assets Investment Management LLC boosted its position in Sunrun by 1,706.3% during the third quarter. International Assets Investment Management LLC now owns 1,734 shares of the energy company’s stock worth $31,000 after purchasing an additional 1,638 shares in the last quarter. Blue Trust Inc. boosted its stake in Sunrun by 385.5% during the 3rd quarter. Blue Trust Inc. now owns 1,845 shares of the energy company’s stock worth $33,000 after purchasing an additional 1,465 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Sunrun during the 3rd quarter valued at about $44,000. Union Bancaire Privee UBP SA acquired a new position in shares of Sunrun during the 4th quarter worth approximately $56,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Sunrun in the fourth quarter valued at approximately $94,000. 91.69% of the stock is owned by hedge funds and other institutional investors.

About Sunrun

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.