Sunrun (NASDAQ:RUN) Cut to Underperform at Jefferies Financial Group

Jefferies Financial Group lowered shares of Sunrun (NASDAQ:RUN - Free Report) from a hold rating to an underperform rating in a report issued on Wednesday, Marketbeat reports. Jefferies Financial Group currently has $5.00 target price on the energy company's stock, down from their previous target price of $6.00.

A number of other equities analysts also recently issued reports on the company. Glj Research raised Sunrun from a "strong sell" rating to a "hold" rating and set a $7.78 price target for the company in a report on Friday, May 30th. Susquehanna lowered their price target on Sunrun from $13.00 to $10.00 and set a "positive" rating for the company in a report on Monday, April 14th. Morgan Stanley reaffirmed an "equal weight" rating and issued a $11.00 price target on shares of Sunrun in a report on Wednesday, April 23rd. UBS Group lowered their price target on Sunrun from $17.00 to $12.00 and set a "buy" rating for the company in a report on Friday, May 30th. Finally, The Goldman Sachs Group increased their price objective on Sunrun from $12.00 to $15.00 and gave the company a "buy" rating in a report on Monday, May 19th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $14.06.

Sunrun Price Performance

RUN traded up $1.53 on Wednesday, hitting $10.00. 42,796,049 shares of the company's stock were exchanged, compared to its average volume of 12,128,640. Sunrun has a fifty-two week low of $5.45 and a fifty-two week high of $22.26. The company has a current ratio of 1.47, a quick ratio of 1.15 and a debt-to-equity ratio of 1.92. The firm has a 50-day moving average price of $8.04 and a 200-day moving average price of $8.48. The stock has a market cap of $2.28 billion, a price-to-earnings ratio of -5.49 and a beta of 2.61.

Sunrun (NASDAQ:RUN - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The energy company reported $0.20 EPS for the quarter, topping the consensus estimate of ($0.22) by $0.42. The business had revenue of $504.27 million for the quarter, compared to analyst estimates of $487.29 million. Sunrun had a negative return on equity of 5.15% and a negative net margin of 18.80%. The company's quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.40) EPS. As a group, equities analysts anticipate that Sunrun will post -0.43 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Jeanna Steele sold 9,942 shares of the firm's stock in a transaction on Monday, April 7th. The stock was sold at an average price of $6.74, for a total transaction of $67,009.08. Following the completion of the sale, the insider now directly owns 291,238 shares of the company's stock, valued at $1,962,944.12. This trade represents a 3.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Danny Abajian sold 16,927 shares of the company's stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $6.74, for a total value of $114,087.98. Following the sale, the chief financial officer now owns 231,279 shares in the company, valued at $1,558,820.46. The trade was a 6.82% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 88,993 shares of company stock valued at $612,979. Insiders own 3.37% of the company's stock.

Institutional Investors Weigh In On Sunrun

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Aster Capital Management DIFC Ltd bought a new position in shares of Sunrun in the 4th quarter worth about $29,000. Newbridge Financial Services Group Inc. raised its holdings in shares of Sunrun by 133.3% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 3,500 shares of the energy company's stock worth $32,000 after purchasing an additional 2,000 shares during the period. Summit Securities Group LLC bought a new stake in Sunrun during the 4th quarter valued at $53,000. Union Bancaire Privee UBP SA bought a new stake in Sunrun during the fourth quarter valued at $56,000. Finally, Apollon Wealth Management LLC purchased a new position in Sunrun during the first quarter worth about $60,000. 91.69% of the stock is currently owned by 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.