Sunrun (NASDAQ:RUN) Given New $15.00 Price Target at Wells Fargo & Company

Sunrun (NASDAQ:RUN) had its price objective lowered by equities research analysts at Wells Fargo & Company from $20.00 to $15.00 in a report issued on Friday,Benzinga reports. The firm currently has an “overweight” rating on the energy company’s stock. Wells Fargo & Company‘s price objective points to a potential upside of 46.63% from the stock’s current price.

Other equities analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. lifted their target price on shares of Sunrun from $19.00 to $22.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 7th. Jefferies Financial Group reduced their target price on Sunrun from $31.00 to $29.00 and set a “buy” rating on the stock in a research report on Thursday, October 10th. Evercore ISI dropped their price objective on shares of Sunrun from $42.00 to $38.00 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. Roth Mkm lowered their price target on Sunrun from $35.00 to $30.00 and set a “buy” rating for the company in a research report on Friday. Finally, Susquehanna reduced their price objective on Sunrun from $24.00 to $23.00 and set a “positive” rating on the stock in a research note on Wednesday, October 16th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $21.33.

Sunrun Stock Performance

Shares of RUN stock opened at $10.23 on Friday. The company has a quick ratio of 1.31, a current ratio of 1.66 and a debt-to-equity ratio of 1.84. The stock’s 50-day moving average price is $16.60 and its 200 day moving average price is $15.43. Sunrun has a 52-week low of $8.82 and a 52-week high of $22.26. The stock has a market capitalization of $2.29 billion, a PE ratio of -5.62 and a beta of 2.61.

Insider Transactions at Sunrun

In other Sunrun news, Director Gerald Alan Risk sold 9,045 shares of the stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $20.04, for a total value of $181,261.80. Following the transaction, the director now owns 334,761 shares of the company’s stock, valued at approximately $6,708,610.44. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Gerald Alan Risk sold 9,045 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $20.04, for a total transaction of $181,261.80. Following the sale, the director now owns 334,761 shares in the company, valued at $6,708,610.44. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Danny Abajian sold 9,694 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $19.75, for a total value of $191,456.50. Following the completion of the sale, the chief financial officer now directly owns 278,260 shares of the company’s stock, valued at approximately $5,495,635. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 155,840 shares of company stock worth $2,755,487. Insiders own 3.77% of the company’s stock.

Institutional Investors Weigh In On Sunrun

A number of large investors have recently modified their holdings of RUN. Mirae Asset Global Investments Co. Ltd. increased its holdings in Sunrun by 142.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 242,702 shares of the energy company’s stock worth $3,199,000 after purchasing an additional 142,563 shares in the last quarter. Symmetry Investments LP acquired a new position in shares of Sunrun in the second quarter valued at approximately $1,205,000. Axxcess Wealth Management LLC bought a new position in Sunrun in the 1st quarter valued at approximately $171,000. Assenagon Asset Management S.A. boosted its position 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 worth $24,843,000 after buying an additional 927,947 shares during the period. Finally, Friedenthal Financial acquired a new position in Sunrun in the 2nd quarter valued at approximately $702,000. 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.