Sunrun (NASDAQ:RUN) PT Lowered to $23.00 at Mizuho

Sunrun (NASDAQ:RUN - Get Free Report) had its price objective cut by Mizuho from $28.00 to $23.00 in a research report issued on Friday, Benzinga reports. The firm currently has a "buy" rating on the energy company's stock. Mizuho's price objective would indicate a potential upside of 124.39% from the stock's current price.

Other analysts have also issued reports about the stock. Susquehanna restated a "positive" rating and set a $25.00 price objective on shares of Sunrun in a research note on Friday, April 5th. KeyCorp reissued a "sector weight" rating on shares of Sunrun in a research report on Thursday, January 4th. BMO Capital Markets upped their price objective on Sunrun from $18.00 to $20.00 and gave the company a "market perform" rating in a research report on Thursday, February 22nd. Janney Montgomery Scott downgraded Sunrun from a "buy" rating to a "neutral" rating in a research note on Tuesday, February 27th. Finally, The Goldman Sachs Group boosted their price target on Sunrun from $20.00 to $21.00 and gave the stock a "buy" rating in a research note on Thursday, February 22nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, Sunrun currently has an average rating of "Moderate Buy" and a consensus target price of $21.26.

Sunrun Trading Up 1.4 %

Shares of RUN traded up $0.14 during trading hours on Friday, reaching $10.25. 14,423,787 shares of the company traded hands, compared to its average volume of 14,341,891. The company's fifty day moving average price is $12.36 and its two-hundred day moving average price is $13.16. The company has a market capitalization of $2.25 billion, a price-to-earnings ratio of -1.39 and a beta of 2.46. The company has a quick ratio of 0.96, a current ratio of 1.26 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.

Sunrun (NASDAQ:RUN - Get Free Report) last posted its quarterly earnings data on Wednesday, February 21st. The energy company reported ($1.33) EPS for the quarter, missing the consensus estimate 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 return on equity of 5.58% and a negative net margin of 71.00%. Equities research analysts predict that Sunrun will post -1.69 earnings per share for the current fiscal year.

Insider Activity

In other Sunrun news, CEO Mary Powell sold 5,424 shares of the company's stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $12.12, for a total value of $65,738.88. Following the completion of the transaction, the chief executive officer now directly owns 411,628 shares in the company, valued at approximately $4,988,931.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Lynn Michelle Jurich sold 4,830 shares of Sunrun stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $12.12, for a total value of $58,539.60. Following the sale, the director now directly owns 1,403,915 shares of the company's stock, valued at $17,015,449.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mary Powell sold 5,424 shares of the stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $12.12, for a total value of $65,738.88. Following the transaction, the chief executive officer now directly owns 411,628 shares of the company's stock, valued at $4,988,931.36. The disclosure for this sale can be found here. Insiders have sold 301,760 shares of company stock worth $3,615,990 over the last ninety days. Corporate insiders own 3.76% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Captrust Financial Advisors increased its position in Sunrun by 6.2% during the 3rd quarter. Captrust Financial Advisors now owns 7,389 shares of the energy company's stock valued at $204,000 after purchasing an additional 431 shares during the period. Koss Olinger Consulting LLC boosted its stake in shares of Sunrun by 6.4% during the first quarter. Koss Olinger Consulting LLC now owns 10,431 shares of the energy company's stock valued at $210,000 after purchasing an additional 628 shares in the last quarter. Delphia USA Inc. increased its holdings in Sunrun by 4.3% during the fourth quarter. Delphia USA Inc. now owns 16,350 shares of the energy company's stock valued at $393,000 after buying an additional 675 shares during the period. Fifth Third Bancorp raised its stake in Sunrun by 76.9% in the fourth quarter. Fifth Third Bancorp now owns 1,758 shares of the energy company's stock worth $35,000 after buying an additional 764 shares in the last quarter. Finally, Public Employees Retirement System of Ohio lifted its holdings in Sunrun by 0.8% during the third quarter. Public Employees Retirement System of Ohio now owns 103,058 shares of the energy company's stock worth $2,843,000 after buying an additional 812 shares during the period. 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.