Barclays Cuts Sunrun (NASDAQ:RUN) Price Target to $15.00

Sunrun (NASDAQ:RUN) had its price objective lowered by Barclays from $18.00 to $15.00 in a report released on Tuesday,Benzinga reports. The firm currently has an equal weight rating on the energy company’s stock.

Other equities research analysts have also recently issued reports about the company. Jefferies Financial Group cut their target price on Sunrun from $19.00 to $17.00 and set a “buy” rating on the stock in a research note on Tuesday. Glj Research reissued a “sell” rating and issued a $7.78 target price on shares of Sunrun in a research note on Thursday, November 7th. Morgan Stanley cut their target price on Sunrun from $35.00 to $27.00 and set an “overweight” rating on the stock in a research note on Friday, November 15th. Truist Financial reissued a “hold” rating and issued a $12.00 target price (down from $18.00) on shares of Sunrun in a research note on Tuesday, November 12th. Finally, UBS Group raised Sunrun from a “neutral” rating to a “buy” rating and increased their target price for the stock from $14.00 to $17.00 in a research note on Friday, January 10th. Two equities research 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, the company currently has an average rating of “Moderate Buy” and a consensus target price of $18.36.

Sunrun Price Performance

RUN opened at $9.42 on Tuesday. The stock has a fifty day simple moving average of $10.19 and a two-hundred day simple moving average of $14.39. The company has a current ratio of 1.47, a quick ratio of 1.15 and a debt-to-equity ratio of 1.92. The company has a market cap of $2.11 billion, a price-to-earnings ratio of -5.18 and a beta of 2.58. Sunrun has a 12-month low of $8.22 and a 12-month high of $22.26.

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

Insider Transactions at Sunrun

In related news, CEO Mary Powell sold 4,350 shares of Sunrun stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $11.18, for a total transaction of $48,633.00. Following the sale, the chief executive officer now owns 560,321 shares of the company’s stock, valued at approximately $6,264,388.78. This trade represents a 0.77 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lynn Michelle Jurich sold 50,000 shares of Sunrun stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $9.42, for a total value of $471,000.00. Following the sale, the director now directly owns 1,041,753 shares in the company, valued at $9,813,313.26. This trade represents a 4.58 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 164,830 shares of company stock valued at $1,614,147 over the last quarter. 3.77% of the stock is currently owned by company insiders.

Institutional Trading of Sunrun

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sei Investments Co. boosted its holdings in Sunrun by 29.2% during the 2nd quarter. Sei Investments Co. now owns 64,224 shares of the energy company’s stock valued at $762,000 after acquiring an additional 14,517 shares during the period. Xponance Inc. raised its position in Sunrun by 25.2% during the 2nd quarter. Xponance Inc. now owns 16,675 shares of the energy company’s stock valued at $198,000 after purchasing an additional 3,361 shares in the last quarter. AQR Capital Management LLC bought a new stake in Sunrun during the 2nd quarter valued at $436,000. The Manufacturers Life Insurance Company raised its position in Sunrun by 63.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 231,110 shares of the energy company’s stock valued at $2,741,000 after purchasing an additional 89,805 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new stake in Sunrun during the 2nd quarter valued at $1,320,000. 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.