Sunrun (NASDAQ:RUN) Given New $15.00 Price Target at Jefferies Financial Group

Key Points

• Jefferies cut its price target on Sunrun from $22 to $15 and kept a "hold" rating, implying roughly a 16.4% upside from the current share price.
• Sunrun reported a strong quarter—EPS of $0.38 (vs. -$0.08 est.) and revenue of $1.16B (up 123.5% YoY)—but analysts remain mixed (12 Buys, 10 Holds, 1 Sell) with an average price target of $19.23.
• Shares traded around $12.89 (down 2.6%) with a market cap of $3.02B; insiders sold about 338,738 shares (~$5.85M) in the past three months while institutional ownership is roughly 91.7%.

Sunrun (NASDAQ:RUN - Get Free Report) had its price objective dropped by Jefferies Financial Group from $22.00 to $15.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has a "hold" rating on the energy company's stock. Jefferies Financial Group's target price would indicate a potential upside of 16.41% from the stock's current price.

Other equities analysts have also issued reports about the company. Royal Bank Of Canada reissued an "outperform" rating on shares of Sunrun in a research note on Wednesday, December 17th. Raymond James Financial assumed coverage on Sunrun in a research note on Monday, January 12th. They issued a "market perform" rating on the stock. Glj Research decreased their price objective on Sunrun from $6.73 to $4.63 and set a "sell" rating for the company in a report on Thursday, March 26th. Loop Capital set a $12.00 price objective on Sunrun in a report on Tuesday, March 3rd. Finally, Freedom Capital downgraded Sunrun from a "strong-buy" rating to a "hold" rating in a report on Tuesday, March 3rd. Twelve analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $19.23.

Sunrun Trading Down 2.6%

Shares of Sunrun stock traded down $0.34 during midday trading on Tuesday, reaching $12.89. The company had a trading volume of 1,211,427 shares, compared to its average volume of 9,511,455. The stock has a fifty day moving average price of $15.88 and a 200 day moving average price of $17.80. The company has a debt-to-equity ratio of 3.38, a current ratio of 1.66 and a quick ratio of 1.27. The firm has a market cap of $3.02 billion, a PE ratio of 7.54 and a beta of 2.37. Sunrun has a fifty-two week low of $5.38 and a fifty-two week high of $22.44.

Sunrun (NASDAQ:RUN - Get Free Report) last issued its quarterly earnings results on Thursday, February 26th. The energy company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.46. Sunrun had a return on equity of 11.72% and a net margin of 15.22%.The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $610.29 million. During the same period in the previous year, the firm earned $1.41 earnings per share. The company's revenue was up 123.5% compared to the same quarter last year. On average, equities analysts anticipate that Sunrun will post -0.43 earnings per share for the current year.

Insider Transactions at Sunrun

In other Sunrun news, Director Lynn Michelle Jurich sold 55,507 shares of the company's stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $12.68, for a total value of $703,828.76. Following the completion of the transaction, the director owned 608,397 shares in the company, valued at $7,714,473.96. This represents a 8.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Maria Barak sold 1,630 shares of the company's stock in a transaction on Friday, January 9th. The shares were sold at an average price of $18.55, for a total value of $30,236.50. Following the completion of the transaction, the chief accounting officer owned 85,643 shares of the company's stock, valued at $1,588,677.65. This trade represents a 1.87% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 338,738 shares of company stock worth $5,852,442. Company insiders own 3.37% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of RUN. Salomon & Ludwin LLC grew its stake in shares of Sunrun by 49.2% during the 4th quarter. Salomon & Ludwin LLC now owns 1,693 shares of the energy company's stock worth $31,000 after acquiring an additional 558 shares during the period. Hantz Financial Services Inc. grew its stake in shares of Sunrun by 59.1% during the 4th quarter. Hantz Financial Services Inc. now owns 1,519 shares of the energy company's stock worth $28,000 after acquiring an additional 564 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of Sunrun by 3.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 17,481 shares of the energy company's stock worth $322,000 after acquiring an additional 565 shares during the period. Sage Rhino Capital LLC grew its stake in shares of Sunrun by 5.2% during the 4th quarter. Sage Rhino Capital LLC now owns 11,468 shares of the energy company's stock worth $211,000 after acquiring an additional 572 shares during the period. Finally, GAMMA Investing LLC grew its stake in shares of Sunrun by 3.5% during the 3rd quarter. GAMMA Investing LLC now owns 17,971 shares of the energy company's stock worth $311,000 after acquiring an additional 607 shares during the period. Institutional investors own 91.69% of the company's stock.

Sunrun Company Profile

Sunrun, Inc NASDAQ: RUN is a leading provider of residential solar energy systems in the United States. The company designs, installs and maintains rooftop solar panels and battery storage solutions for homeowners under flexible financing arrangements. Customers can choose from leasing, power purchase agreements or solar ownership models, all of which are supported by Sunrun's network of installation partners and service technicians. Sunrun also offers integrated home energy management services, including its Brightbox battery storage product, which enables customers to store solar energy for use during peak hours or power outages.

Founded in 2007 by Lynn Jurich, Ed Fenster and Nat Kreamer, Sunrun is headquartered in San Francisco, California.

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