Sunrun (NASDAQ:RUN) Price Target Lowered to $18.00 at JPMorgan Chase & Co.

Sunrun (NASDAQ:RUN) had its price target decreased by JPMorgan Chase & Co. from $22.00 to $18.00 in a research report report published on Thursday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the energy company’s stock.

RUN has been the subject of several other reports. Jefferies Financial Group lowered their price objective on Sunrun from $31.00 to $29.00 and set a “buy” rating for the company in a research note on Thursday, October 10th. Piper Sandler downgraded shares of Sunrun from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $23.00 to $11.00 in a report on Friday, November 22nd. Morgan Stanley cut their price target on shares of Sunrun from $35.00 to $27.00 and set an “overweight” rating on the stock in a report on Friday, November 15th. Susquehanna cut their target price on Sunrun from $24.00 to $23.00 and set a “positive” rating on the stock in a research note on Wednesday, October 16th. Finally, The Goldman Sachs Group decreased their price target on Sunrun from $19.00 to $17.00 and set a “buy” rating for the company in a research report on Tuesday, December 17th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.11.

Sunrun Trading Up 10.4 %

Shares of Sunrun stock opened at $9.34 on Thursday. Sunrun has a 52 week low of $8.22 and a 52 week high of $22.26. The stock has a 50 day moving average price of $10.22 and a two-hundred day moving average price of $14.56. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.47 and a quick ratio of 1.15.

Sunrun (NASDAQ:RUN) last released its quarterly earnings data on Thursday, November 7th. The energy company reported ($0.37) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.21). The business had revenue of $537.17 million for the quarter, compared to analyst estimates of $560.60 million. Sunrun had a negative return on equity of 5.15% and a negative net margin of 18.80%. During the same quarter in the previous year, the company posted $0.40 EPS. Sell-side analysts forecast that Sunrun will post -0.41 earnings per share for the current year.

Insider Transactions at Sunrun

In related news, CFO Danny Abajian sold 3,734 shares of Sunrun stock in a transaction on Monday, January 6th. The stock was sold at an average price of $11.18, for a total transaction of $41,746.12. Following the completion of the sale, the chief financial officer now owns 257,969 shares of the company’s stock, valued at approximately $2,884,093.42. This trade represents a 1.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CRO Paul S. Dickson sold 2,968 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $11.18, for a total value of $33,182.24. Following the transaction, the executive now owns 418,492 shares of the company’s stock, valued at approximately $4,678,740.56. The trade was a 0.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 164,830 shares of company stock valued at $1,614,147. 3.77% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Sunrun

Hedge funds and other institutional investors have recently bought and sold shares of the stock. American Century Companies Inc. increased its stake in Sunrun by 27.2% in the second quarter. American Century Companies Inc. now owns 228,990 shares of the energy company’s stock valued at $2,716,000 after acquiring an additional 49,007 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Sunrun by 20.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,385,218 shares of the energy company’s stock valued at $52,025,000 after buying an additional 729,633 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in Sunrun by 3.1% in the second quarter. Mercer Global Advisors Inc. ADV now owns 49,762 shares of the energy company’s stock worth $600,000 after buying an additional 1,485 shares in the last quarter. Hsbc Holdings PLC grew its position in Sunrun by 23.0% during the second quarter. Hsbc Holdings PLC now owns 108,415 shares of the energy company’s stock valued at $1,280,000 after acquiring an additional 20,247 shares during the last quarter. Finally, Canada Pension Plan Investment Board lifted its holdings in shares of Sunrun by 43.8% in the 2nd quarter. Canada Pension Plan Investment Board now owns 71,600 shares of the energy company’s stock worth $849,000 after acquiring an additional 21,800 shares during the last quarter. Hedge funds and other 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.