Sunrun (NASDAQ:RUN) Given New $17.00 Price Target at Jefferies Financial Group

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

A number of other research firms also recently issued reports on RUN. Wells Fargo & Company reduced their price target on shares of Sunrun from $15.00 to $12.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. UBS Group raised Sunrun from a “neutral” rating to a “buy” rating and boosted their target price for the company from $14.00 to $17.00 in a research report on Friday, January 10th. BNP Paribas upgraded 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. JPMorgan Chase & Co. decreased their target price on Sunrun from $22.00 to $18.00 and set an “overweight” rating on the stock in a research note on Thursday, January 23rd. Finally, TD Cowen began coverage on Sunrun in a research note on Thursday, December 19th. They issued a “buy” rating and a $21.00 price objective for the company. Two analysts have rated the stock with a sell rating, seven have given a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average 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. The firm has a market cap of $2.29 billion, a PE ratio of -5.60 and a beta of 2.58. Sunrun has a one year low of $8.22 and a one year high of $22.26. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.15 and a current ratio of 1.47. The firm’s 50 day moving average price is $10.23 and its 200-day moving average price is $14.52.

Sunrun (NASDAQ:RUN) last announced its quarterly earnings results on Thursday, November 7th. The energy company reported ($0.37) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.21). The business had revenue of $537.17 million during the quarter, compared to analyst estimates of $560.60 million. Sunrun had a negative net margin of 18.80% and a negative return on equity of 5.15%. During the same period last year, the company earned $0.40 EPS. On average, equities research analysts anticipate that Sunrun will post -0.41 EPS for the current year.

Insider Activity at Sunrun

In other Sunrun news, CEO Mary Powell sold 4,350 shares of the business’s stock in a transaction 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 directly owns 560,321 shares in the company, valued at approximately $6,264,388.78. The trade was a 0.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CRO Paul S. Dickson sold 2,968 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $11.18, for a total transaction of $33,182.24. Following the completion of the sale, the executive now directly owns 418,492 shares in the company, valued at $4,678,740.56. This trade represents a 0.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 164,830 shares of company stock worth $1,614,147 over the last 90 days. Company insiders own 3.77% of the company’s stock.

Institutional Trading of Sunrun

Hedge funds have recently bought and sold shares of the company. International Assets Investment Management LLC increased its stake 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 acquiring an additional 1,638 shares during the last quarter. Blue Trust Inc. increased its position 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 in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Sunrun in the 3rd quarter valued at $44,000. Union Bancaire Privee UBP SA acquired a new position in Sunrun during the 4th quarter worth approximately $56,000. Finally, Waldron Private Wealth LLC purchased a new position in shares of Sunrun in the third quarter valued at $135,000. Institutional investors and hedge funds own 91.69% of the company’s stock.

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.