Sunrun (NASDAQ:RUN) Given New $23.00 Price Target at Susquehanna

Sunrun (NASDAQ:RUN) had its price target decreased by Susquehanna from $24.00 to $23.00 in a research report sent to investors on Wednesday, Benzinga reports. Susquehanna currently has a positive rating on the energy company’s stock.

Several other analysts also recently weighed in on RUN. Piper Sandler boosted their target price on shares of Sunrun from $20.00 to $23.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 7th. The Goldman Sachs Group reissued a “buy” rating and issued a $20.00 target price on shares of Sunrun in a research report on Wednesday, September 25th. Barclays lifted their price target on Sunrun from $16.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 23rd. BMO Capital Markets boosted their price target on Sunrun from $17.00 to $20.00 and gave the company a “market perform” rating in a research note on Wednesday, August 7th. Finally, Truist Financial restated a “hold” rating and issued a $18.00 price objective (up from $12.00) on shares of Sunrun in a research note on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $22.45.

Sunrun Stock Performance

Shares of RUN opened at $15.40 on Wednesday. The company has a current ratio of 1.66, a quick ratio of 1.31 and a debt-to-equity ratio of 1.84. The firm has a market cap of $3.41 billion, a PE ratio of -2.31 and a beta of 2.58. Sunrun has a 12 month low of $8.43 and a 12 month high of $22.26. The stock has a fifty day moving average price of $18.53 and a 200-day moving average price of $15.12.

Sunrun (NASDAQ:RUN) last released its quarterly earnings results on Tuesday, August 6th. The energy company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.88. Sunrun had a negative return on equity of 2.41% and a negative net margin of 66.36%. The company had revenue of $523.87 million during the quarter, compared to analysts’ expectations of $516.76 million. During the same period last year, the business posted $0.25 earnings per share. The firm’s revenue was down 11.2% compared to the same quarter last year. Equities research analysts predict that Sunrun will post -0.17 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Mary Powell sold 2,148 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $18.79, for a total transaction of $40,360.92. Following the sale, the chief executive officer now directly owns 579,193 shares in the company, valued at $10,883,036.47. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Sunrun news, Director Lynn Michelle Jurich sold 50,000 shares of the company’s stock in a transaction on Friday, July 19th. The shares were sold at an average price of $16.93, for a total transaction of $846,500.00. Following the completion of the transaction, the director now directly owns 1,294,383 shares in the company, valued at approximately $21,913,904.19. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Mary Powell sold 2,148 shares of Sunrun stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $18.79, for a total transaction of $40,360.92. Following the completion of the sale, the chief executive officer now owns 579,193 shares in the company, valued at approximately $10,883,036.47. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 180,001 shares of company stock worth $3,336,845. Company insiders own 3.76% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Duncker Streett & Co. Inc. acquired a new position in shares of Sunrun during the second quarter valued at approximately $36,000. BNP Paribas purchased a new position in Sunrun in the 1st quarter valued at $37,000. CWM LLC boosted its stake in Sunrun by 883.9% during the 2nd quarter. CWM LLC now owns 3,355 shares of the energy company’s stock worth $40,000 after purchasing an additional 3,014 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Sunrun during the second quarter worth $45,000. Finally, Headlands Technologies LLC acquired a new stake in shares of Sunrun in the first quarter valued at about $53,000. 91.69% of the stock is owned by hedge funds and other institutional investors.

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.