Susquehanna Lowers Sunrun (NASDAQ:RUN) Price Target to $23.00

Sunrun (NASDAQ:RUN) had its price target reduced by Susquehanna from $25.00 to $23.00 in a report released on Thursday, Benzinga reports. The brokerage currently has a “positive” rating on the energy company’s stock. Susquehanna’s price target would indicate a potential upside of 99.83% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Royal Bank of Canada dropped their price target on shares of Sunrun from $17.00 to $15.00 and set an “outperform” rating for the company in a research report on Friday, March 15th. The Goldman Sachs Group increased their target price on Sunrun from $20.00 to $21.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. Oppenheimer restated an “outperform” rating and set a $19.00 price target on shares of Sunrun in a research note on Thursday, February 22nd. Mizuho dropped their price target on shares of Sunrun from $28.00 to $23.00 and set a “buy” rating for the company in a research report on Friday, April 19th. Finally, Piper Sandler lowered their price target on Sunrun from $31.00 to $27.00 and set an “overweight” rating on the stock in a report on Thursday, February 22nd. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, Sunrun currently has an average rating of “Moderate Buy” and an average price target of $21.16.

Sunrun Stock Down 2.3 %

RUN opened at $11.51 on Thursday. The company has a 50 day moving average of $11.35 and a 200 day moving average of $13.14. The company has a current ratio of 1.26, a quick ratio of 0.96 and a debt-to-equity ratio of 1.68. Sunrun has a 12 month low of $8.43 and a 12 month high of $23.85. The company has a market cap of $2.55 billion, a PE ratio of -1.56 and a beta of 2.50.

Sunrun (NASDAQ:RUN) last issued its quarterly 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). The business had revenue of $516.59 million for the quarter, compared to the consensus estimate of $499.74 million. Sunrun had a negative net margin of 71.00% and a negative return on equity of 5.58%. On average, sell-side analysts expect that Sunrun will post -1.69 EPS for the current year.

Insider Buying and Selling

In other news, Director Edward Harris Fenster sold 172,920 shares of Sunrun stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $11.95, for a total transaction of $2,066,394.00. Following the completion of the sale, the director now owns 1,261,317 shares of the company’s stock, valued at $15,072,738.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Edward Harris Fenster sold 172,920 shares of the company’s 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 completion of the sale, the director now directly owns 1,261,317 shares of the company’s stock, valued at $15,072,738.15. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Alan Ferber bought 10,000 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were acquired at an average cost of $9.73 per share, for a total transaction of $97,300.00. Following the transaction, the director now directly owns 10,000 shares in the company, valued at approximately $97,300. The disclosure for this purchase can be found here. Insiders have sold 301,760 shares of company stock valued at $3,615,990 in the last 90 days. Company insiders own 3.76% of the company’s stock.

Institutional Trading of Sunrun

Several hedge funds and other institutional investors have recently bought and sold shares of RUN. Xponance Inc. grew its position in shares of Sunrun by 15.8% in the 3rd quarter. Xponance Inc. now owns 30,143 shares of the energy company’s stock worth $379,000 after buying an additional 4,120 shares during the last quarter. Raymond James & Associates grew its holdings in Sunrun by 45.7% in the third quarter. Raymond James & Associates now owns 126,750 shares of the energy company’s stock worth $1,592,000 after purchasing an additional 39,732 shares during the last quarter. Stratos Wealth Partners LTD. increased its position in shares of Sunrun by 18.2% during the third quarter. Stratos Wealth Partners LTD. now owns 12,794 shares of the energy company’s stock worth $161,000 after purchasing an additional 1,970 shares in the last quarter. Brown Advisory Inc. acquired a new stake in shares of Sunrun in the 3rd quarter worth $182,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Sunrun by 27.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 80,328 shares of the energy company’s stock worth $1,009,000 after purchasing an additional 17,245 shares in the last quarter. Institutional investors 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.