The Goldman Sachs Group Lowers Sunrun (NASDAQ:RUN) Price Target to $17.00

Sunrun (NASDAQ:RUN) had its price objective cut by stock analysts at The Goldman Sachs Group from $19.00 to $17.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the energy company’s stock. The Goldman Sachs Group’s price objective points to a potential upside of 85.79% from the company’s previous close.

A number of other analysts have also issued reports on RUN. Glj Research reaffirmed a “sell” rating and issued a $7.78 price target on shares of Sunrun in a research note on Thursday, November 7th. Truist Financial reaffirmed a “hold” rating and issued a $12.00 price target (down from $18.00) on shares of Sunrun in a research note on Tuesday, November 12th. Wells Fargo & Company lowered their price target on Sunrun from $20.00 to $15.00 and set an “overweight” rating on the stock in a research note on Friday, November 8th. Morgan Stanley lowered their price target on Sunrun from $35.00 to $27.00 and set an “overweight” rating on the stock in a research note on Friday, November 15th. Finally, Susquehanna lowered their price target 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 analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Sunrun currently has an average rating of “Hold” and a consensus price target of $19.12.

Sunrun Stock Down 9.0 %

Shares of RUN opened at $9.15 on Tuesday. The company has a current ratio of 1.47, a quick ratio of 1.15 and a debt-to-equity ratio of 1.92. Sunrun has a 12 month low of $9.13 and a 12 month high of $22.26. The stock’s 50 day moving average is $12.22 and its two-hundred day moving average is $15.16. The firm has a market cap of $2.05 billion, a P/E ratio of -5.03 and a beta of 2.54.

Insider Buying and Selling at Sunrun

In related news, Director Lynn Michelle Jurich sold 50,000 shares of the business’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $9.94, for a total value of $497,000.00. Following the sale, the director now owns 1,092,446 shares in the company, valued at approximately $10,858,913.24. The trade was a 4.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jeanna Steele sold 2,624 shares of the business’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $16.35, for a total value of $42,902.40. Following the completion of the sale, the insider now owns 305,636 shares in the company, valued at $4,997,148.60. This represents a 0.85 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 119,691 shares of company stock worth $1,540,601 over the last quarter. 3.77% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Sunrun

Institutional investors and hedge funds have recently modified their holdings of the company. Victory Capital Management Inc. grew its stake in Sunrun by 1.5% during the 2nd quarter. Victory Capital Management Inc. now owns 45,374 shares of the energy company’s stock worth $538,000 after purchasing an additional 691 shares in the last quarter. Creative Planning grew its stake in Sunrun by 0.3% during the 3rd quarter. Creative Planning now owns 290,259 shares of the energy company’s stock worth $5,242,000 after purchasing an additional 784 shares in the last quarter. Van ECK Associates Corp grew its stake in Sunrun by 1.8% during the 3rd quarter. Van ECK Associates Corp now owns 50,105 shares of the energy company’s stock worth $905,000 after purchasing an additional 886 shares in the last quarter. Crossmark Global Holdings Inc. grew its stake in Sunrun by 6.0% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 15,690 shares of the energy company’s stock worth $186,000 after purchasing an additional 895 shares in the last quarter. Finally, &PARTNERS grew its stake in Sunrun by 1.6% during the 2nd quarter. &PARTNERS now owns 63,244 shares of the energy company’s stock worth $698,000 after purchasing an additional 1,019 shares in the last quarter. Hedge funds and other institutional investors 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.