Sunrun (NASDAQ:RUN) Price Target Cut to $14.00 by Analysts at UBS Group

Sunrun (NASDAQ:RUN) had its target price trimmed by UBS Group from $18.00 to $14.00 in a research note issued to investors on Tuesday morning,Benzinga reports. The brokerage currently has a neutral rating on the energy company’s stock.

Other equities research analysts have also recently issued reports about the company. Jefferies Financial Group reduced their price objective on Sunrun from $31.00 to $29.00 and set a “buy” rating for the company in a research report on Thursday, October 10th. Susquehanna reduced their price objective on Sunrun from $24.00 to $23.00 and set a “positive” rating for the company in a research report on Wednesday, October 16th. Barclays reduced their price objective on Sunrun from $19.00 to $18.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 16th. Roth Mkm reduced 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. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Sunrun from $12.00 to $16.50 and gave the stock a “hold” rating in a research report on Thursday, August 8th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Sunrun presently has an average rating of “Hold” and an average price target of $19.28.

Sunrun Stock Down 0.3 %

RUN opened at $11.49 on Tuesday. Sunrun has a 1-year low of $9.23 and a 1-year high of $22.26. 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 stock has a market capitalization of $2.58 billion, a price-to-earnings ratio of -6.31 and a beta of 2.61. The business has a 50 day moving average of $14.72 and a 200-day moving average of $15.41.

Insider Transactions at Sunrun

In other Sunrun news, CEO Mary Powell sold 2,148 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $18.79, for a total value of $40,360.92. Following the completion of the transaction, the chief executive officer now directly owns 579,193 shares in the company, valued at $10,883,036.47. This trade represents a 0.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Lynn Michelle Jurich sold 1,937 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $18.23, for a total value of $35,311.51. Following the completion of the sale, the director now directly owns 1,242,446 shares of the company’s stock, valued at approximately $22,649,790.58. The trade was a 0.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 196,795 shares of company stock valued at $3,071,225 in the last ninety days. 3.77% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Sunrun

Institutional investors have recently bought and sold shares of the business. Erste Asset Management GmbH bought a new position in shares of Sunrun in the third quarter valued at about $76,152,000. Sylebra Capital LLC bought a new position in shares of Sunrun in the second quarter valued at about $35,387,000. Vanguard Group Inc. raised its position in shares of Sunrun by 14.0% in the first quarter. Vanguard Group Inc. now owns 22,325,106 shares of the energy company’s stock valued at $294,245,000 after purchasing an additional 2,743,148 shares during the period. Greenvale Capital LLP raised its position in shares of Sunrun by 20.5% in the second quarter. Greenvale Capital LLP now owns 11,750,000 shares of the energy company’s stock valued at $139,355,000 after purchasing an additional 2,000,000 shares during the period. Finally, FMR LLC raised its position in shares of Sunrun by 83.6% in the third quarter. FMR LLC now owns 3,430,327 shares of the energy company’s stock valued at $61,952,000 after purchasing an additional 1,562,163 shares during the period. Institutional investors and hedge funds 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.