Sunrun (NASDAQ:RUN – Free Report) had its target price decreased by Jefferies Financial Group from $19.00 to $17.00 in a research note published on Tuesday morning,Benzinga reports. Jefferies Financial Group currently has a buy rating on the energy company’s stock.
A number of other equities analysts have also recently issued reports on the stock. Susquehanna decreased their price objective on shares of Sunrun from $24.00 to $23.00 and set a “positive” rating on the stock in a research report on Wednesday, October 16th. JPMorgan Chase & Co. reduced their price target on Sunrun from $22.00 to $18.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. Oppenheimer lowered their price target on Sunrun from $22.00 to $20.00 and set an “outperform” rating for the company in a research report on Friday, November 8th. BNP Paribas upgraded Sunrun from a “neutral” rating to an “outperform” rating and set a $16.00 price objective on the stock in a research report on Tuesday, January 7th. Finally, StockNews.com upgraded Sunrun to a “sell” rating in a report on Friday, December 20th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.36.
View Our Latest Stock Analysis on Sunrun
Sunrun Trading Up 0.3 %
Sunrun (NASDAQ:RUN – Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The energy company reported ($0.37) earnings per share 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 company had revenue of $537.17 million for the quarter, compared to analysts’ expectations of $560.60 million. During the same period last year, the company posted $0.40 EPS. As a group, sell-side analysts forecast that Sunrun will post -0.41 EPS for the current year.
Insider Transactions at Sunrun
In other news, Director Lynn Michelle Jurich sold 50,000 shares of the stock in a transaction that occurred 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 sale, the director now owns 991,753 shares in the company, valued at $9,510,911.27. This represents a 4.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Danny Abajian sold 3,734 shares of the business’s 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 $41,746.12. Following the completion of the transaction, the chief financial officer now owns 257,969 shares of the company’s stock, valued at approximately $2,884,093.42. The trade was a 1.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 164,830 shares of company stock valued at $1,614,147. Insiders own 3.77% of the company’s stock.
Institutional Investors Weigh In On Sunrun
Several institutional investors have recently modified their holdings of RUN. Principal Financial Group Inc. lifted its stake in Sunrun by 33.7% during the 3rd quarter. Principal Financial Group Inc. now owns 1,460,949 shares of the energy company’s stock valued at $26,385,000 after acquiring an additional 367,835 shares during the period. Erste Asset Management GmbH bought a new position in Sunrun during the third quarter valued at approximately $76,152,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in Sunrun by 113.5% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,515,302 shares of the energy company’s stock worth $45,426,000 after purchasing an additional 1,337,302 shares during the last quarter. Aigen Investment Management LP bought a new stake in Sunrun in the 3rd quarter worth approximately $955,000. Finally, Assenagon Asset Management S.A. raised its stake in Sunrun by 207.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,375,584 shares of the energy company’s stock valued at $24,843,000 after buying an additional 927,947 shares during the last quarter. 91.69% of the stock is owned by hedge funds and other institutional investors.
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.
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