Sunrun (NASDAQ:RUN) PT Lowered to $23.00 at Mizuho

Sunrun (NASDAQ:RUN) had its target price cut by equities researchers at Mizuho from $28.00 to $23.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the energy company’s stock. Mizuho’s target price indicates a potential upside of 128.17% from the stock’s current price.

RUN has been the topic of several other research reports. Susquehanna reiterated a “positive” rating and set a $25.00 price target on shares of Sunrun in a research report on Friday, April 5th. Piper Sandler dropped their price objective on shares of Sunrun from $31.00 to $27.00 and set an “overweight” rating on the stock in a research note on Thursday, February 22nd. Oppenheimer reissued an “outperform” rating and set a $19.00 price objective on shares of Sunrun in a research note on Thursday, February 22nd. BMO Capital Markets boosted their price objective on shares of Sunrun from $18.00 to $20.00 and gave the stock a “market perform” rating in a research note on Thursday, February 22nd. Finally, KeyCorp reiterated a “sector weight” rating on shares of Sunrun in a research note on Thursday, January 4th. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $21.26.

Sunrun Trading Down 0.3 %

NASDAQ:RUN traded down $0.03 during trading hours on Friday, reaching $10.08. The company’s stock had a trading volume of 5,148,265 shares, compared to its average volume of 14,216,014. The firm has a market capitalization of $2.21 billion, a price-to-earnings ratio of -1.37 and a beta of 2.46. The firm has a 50-day simple moving average of $12.47 and a 200-day simple moving average of $13.17. Sunrun has a 1 year low of $8.43 and a 1 year high of $23.85. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.96 and a current ratio of 1.26.

Sunrun (NASDAQ:RUN) last issued its earnings results on Wednesday, February 21st. The energy company reported ($1.33) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($1.20). Sunrun had a negative return on equity of 5.58% and a negative net margin of 71.00%. The business had revenue of $516.59 million during the quarter, compared to analysts’ expectations of $499.74 million. Research analysts expect that Sunrun will post -1.69 EPS for the current fiscal year.

Insider Transactions at Sunrun

In other news, Director Edward Harris Fenster sold 172,920 shares of Sunrun stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $11.95, for a total value of $2,066,394.00. Following the sale, the director now owns 1,261,317 shares in the company, valued at $15,072,738.15. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Director Edward Harris Fenster sold 172,920 shares of the stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $11.95, for a total value of $2,066,394.00. Following the completion of the transaction, the director now directly owns 1,261,317 shares of the company’s stock, valued at approximately $15,072,738.15. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Alan Ferber bought 10,000 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were acquired at an average cost of $9.73 per share, with a total value of $97,300.00. Following the acquisition, the director now directly owns 10,000 shares of the company’s stock, valued at $97,300. The disclosure for this purchase can be found here. Insiders have sold a total of 301,760 shares of company stock valued at $3,615,990 in the last ninety days. 3.76% of the stock is currently owned by corporate insiders.

Institutional Trading of Sunrun

A number of hedge funds and other institutional investors have recently made changes to their positions in RUN. Captrust Financial Advisors lifted its holdings in shares of Sunrun by 6.2% in the 3rd quarter. Captrust Financial Advisors now owns 7,389 shares of the energy company’s stock worth $204,000 after acquiring an additional 431 shares during the last quarter. Koss Olinger Consulting LLC raised its holdings in shares of Sunrun by 6.4% in the 1st quarter. Koss Olinger Consulting LLC now owns 10,431 shares of the energy company’s stock valued at $210,000 after buying an additional 628 shares during the period. Delphia USA Inc. boosted its holdings in Sunrun by 4.3% during the 4th quarter. Delphia USA Inc. now owns 16,350 shares of the energy company’s stock valued at $393,000 after acquiring an additional 675 shares during the period. Fifth Third Bancorp grew its position in Sunrun by 76.9% in the 4th quarter. Fifth Third Bancorp now owns 1,758 shares of the energy company’s stock valued at $35,000 after acquiring an additional 764 shares in the last quarter. Finally, Public Employees Retirement System of Ohio grew its position in Sunrun by 0.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 103,058 shares of the energy company’s stock valued at $2,843,000 after acquiring an additional 812 shares in the last quarter. 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.