UBS Group Issues Pessimistic Forecast for Sunrun (NASDAQ:RUN) Stock Price

Sunrun (NASDAQ:RUN - Get Free Report) had its price target dropped by equities researchers at UBS Group from $17.00 to $12.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a "buy" rating on the energy company's stock. UBS Group's price objective indicates a potential upside of 63.49% from the company's current price.

Several other research firms have also recently issued reports on RUN. BMO Capital Markets cut shares of Sunrun from a "hold" rating to a "strong sell" rating and decreased their target price for the company from $9.00 to $4.00 in a research note on Thursday, May 22nd. Glj Research upgraded shares of Sunrun from a "strong sell" rating to a "hold" rating and set a $7.78 target price for the company in a research note on Friday. Jefferies Financial Group decreased their target price on shares of Sunrun from $7.00 to $6.00 and set a "hold" rating for the company in a research note on Wednesday. BNP Paribas Exane lowered Sunrun from an "outperform" rating to a "neutral" rating and set a $10.00 target price on the stock. in a research report on Thursday, May 22nd. Finally, The Goldman Sachs Group boosted their price target on shares of Sunrun from $12.00 to $15.00 and gave the stock a "buy" rating in a report on Monday, May 19th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, Sunrun currently has a consensus rating of "Hold" and a consensus target price of $14.15.

Sunrun Stock Performance

RUN stock traded up $0.49 during trading on Friday, hitting $7.34. 25,367,211 shares of the company traded hands, compared to its average volume of 11,754,842. The stock's 50-day simple moving average is $7.61 and its 200 day simple moving average is $8.63. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.47 and a quick ratio of 1.15. The company has a market cap of $1.68 billion, a PE ratio of -4.03 and a beta of 2.66. Sunrun has a 1 year low of $5.45 and a 1 year high of $22.26.

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

Insider Activity

In related news, CRO Paul S. Dickson sold 19,343 shares of the business's stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $6.74, for a total value of $130,371.82. Following the sale, the executive now directly owns 399,729 shares in the company, valued at approximately $2,694,173.46. The trade was a 4.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Edward Harris Fenster purchased 150,000 shares of the company's stock in a transaction on Monday, March 3rd. The shares were bought at an average price of $6.80 per share, with a total value of $1,020,000.00. Following the completion of the transaction, the director now owns 1,358,182 shares of the company's stock, valued at approximately $9,235,637.60. The trade was a 12.42% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 88,540 shares of company stock valued at $595,944. 3.37% of the stock is currently owned by company insiders.

Institutional Trading of Sunrun

Several institutional investors have recently added to or reduced their stakes in the stock. Focus Partners Wealth lifted its position in shares of Sunrun by 21.2% during the first quarter. Focus Partners Wealth now owns 12,702 shares of the energy company's stock worth $74,000 after purchasing an additional 2,226 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Sunrun by 14.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 760,758 shares of the energy company's stock worth $4,458,000 after acquiring an additional 98,547 shares during the last quarter. United Services Automobile Association acquired a new stake in Sunrun in the first quarter valued at $87,000. Caxton Associates LLP acquired a new stake in Sunrun during the first quarter worth approximately $2,045,000. Finally, Goldman Sachs Group Inc. raised its holdings in Sunrun by 45.3% during the first quarter. Goldman Sachs Group Inc. now owns 2,306,808 shares of the energy company's stock worth $13,518,000 after purchasing an additional 718,955 shares in the last quarter. Institutional investors and hedge funds 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.